Terms and Conditions
This Investment Management Agreement is made between Ras Finance Investments LLC, a company incorporated in Kuwait with its registered office at Al Hamra Tower 48th floor East Maqwa, Kuwait City and our client an [individual or entity].
The Investment Manager is authorized and regulated by the Kuwait Investment Authority (KIA) to provide investment management and advisory services. The Client wishes to appoint the Investment Manager to manage its portfolio of assets on the terms and conditions set out in this Agreement.
- The Investment Manager will provide the following services to the Client:
- Portfolio management: The Investment Manager will manage the Portfolio in accordance with the investment objectives, risk profile, and restrictions specified by the Client in the Investment Policy Statement, which is attached as Schedule A to this Agreement. The Investment Manager will have full discretion to buy, sell, hold, or otherwise deal with any securities or other assets in the Portfolio, subject to the IPS and applicable laws and regulations.
- Asset allocation: The Investment Manager will determine the appropriate allocation of the Portfolio among different asset classes, such as equities, fixed income, alternatives, and cash, based on the IPS and the prevailing market conditions. The Investment Manager will review and adjust the asset allocation periodically to ensure that it remains consistent with the IPS and the Client’s needs.
- Performance reporting: The Investment Manager will provide the Client with regular reports on the performance of the Portfolio, including the returns, risks, fees, and expenses incurred. The reports will be delivered on a [monthly, quarterly, or annual] basis, or as otherwise agreed by the parties.
- Investment advice: The Investment Manager will provide the Client with investment advice and recommendations on any matters related to the Portfolio, such as market outlook, portfolio rebalancing, tax optimization, and risk management. The Investment Manager will also respond to any queries or requests from the Client regarding the Portfolio or the services provided under this Agreement.
2. Fees and Expenses
The Client will pay the Investment Manager a fee for the services provided under this Agreement, calculated as a percentage of the net asset value of the Portfolio. The fee will be deducted from the Portfolio or invoiced to the Client, as agreed by the parties.
The Client will also reimburse the Investment Manager for any reasonable and necessary expenses incurred by the Investment Manager in connection with the services provided under this Agreement, such as brokerage commissions, custodial fees, transaction costs, taxes, and other charges. The Investment Manager will provide the Client with an itemized statement of such expenses along with the fee invoice.
Details regarding fees, charges, and any other costs associated with Ras Finance Investment Company's services are outlined in the fee schedule provided to clients. Clients are responsible for understanding and adhering to the fee structure applicable to their specific services.
3. Term and Termination
This Agreement will commence on the date of execution by both parties and will continue until terminated by either party. Either party may terminate this Agreement at any time by giving a certain written notice to the other party. Upon termination, the Investment Manager will cease to provide any services under this Agreement and will liquidate or transfer the Portfolio as instructed by the Client. The Client will pay any outstanding fees and expenses due to the Investment Manager up to the date of termination.
4. Liability and Indemnity
The Investment Manager will exercise reasonable care, skill, and diligence in providing the services under this Agreement and will act in the best interests of the Client. However, the Investment Manager will not be liable for any loss or damage suffered by the Client as a result of the performance or non-performance of the services, except to the extent that such loss or damage is caused by the Investment Manager’s negligence, fraud, or willful misconduct.
The Client will indemnify and hold harmless the Investment Manager and its directors, officers, employees, agents, and affiliates from and against any claims, liabilities, damages, costs, and expenses (including legal fees) arising out of or relating to the Client’s breach of this Agreement, the Client’s provision of inaccurate or incomplete information to the Investment Manager, or the Client’s failure to comply with any applicable laws and regulations.
5. Confidentiality and Data Protection
The Investment Manager will treat all information provided by the Client or obtained by the Investment Manager in relation to the Portfolio or the services under this Agreement as confidential and will not disclose such information to any third party without the Client’s prior written consent, except as required by law or regulation or as authorized by this Agreement. The Investment Manager will also comply with all applicable data protection laws and regulations and will take appropriate measures to protect the security and privacy of the Client’s personal data.
The Client consents to the Investment Manager’s use of the Client’s information for the purposes of providing the services under this Agreement, communicating with the Client, conducting market research and analysis, and improving the quality of the Investment Manager’s products and services. The Client also consents to the Investment Manager’s disclosure of the Client’s information to its affiliates, service providers, regulators, or other parties as necessary or appropriate for the performance of the services under this Agreement or as required by law or regulation.
6. Investment Risks and Disclosures
All investments involve risk, and past performance is not indicative of future results. Ras Finance Investment Company provides clients with clear disclosures about the risks associated with each investment product or service. Clients are encouraged to carefully review all disclosures and seek independent financial advice when necessary.
7. Governing Law and Dispute Resolution
These Terms and Conditions are governed by the laws of Kuwait. Any disputes arising out of or in connection with these terms will be subject to the exclusive jurisdiction of the courts of Kuwait.
8. Amendments to Terms and Conditions
Ras Finance Investment Company reserves the right to update or modify these Terms and Conditions at any time. Clients will be notified of any changes, and continued use of our services constitutes acceptance of the revised terms.
9. Contact Information
For inquiries or concerns regarding these Terms and Conditions, please contact Ras Finance Investment Company at info@rasfinance.com.
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Our Address
Al Hamra Tower 48th floor East MaqwaKuwait City, KWT
Call us for instant support (Kuwait)
+1 (437) 215-8221Branch Office Address
Plot 1953, Al Quasais 3, P.O Box 25693 Dubai,United Arab Emirates