Financial Planning and Investments, Estate Planning, Retirement

SAMPLE RETAINER AGREEMENT LETTER

This letter outlines the understanding between you (“Client”) and Adirondack Asset Management, LLC (“AAM”) for the services AAM will provide to you. If you have any questions about the content or purpose of this letter we should discuss them before you sign this letter.

We are engaged to provide financial planning, investment, and personal income tax advice to you for a fee of $_________ each quarter beginning January 1, 200_ to December 31, 200_ adjusted annually thereafter until the agreement is terminated by either party. The scope of service contemplated under this agreement, although not all are currently applicable to you, will include:

Monitoring investments against investment policy criteria, benchmark indices and report quarterly.
Monitoring progress against personal financial plan and report quarterly.
Maintaining asset allocation.
Maintaining most tax efficient allocation of investments among account vehicles.
Maintaining security cost data for gift and income tax purposes.
Alert to tax loss harvesting opportunities.
Remind/initiate annual IRA contributions.
Advise on optimal retirement plan contribution amount.
Advise as to optimal age to begin Social Security.
Advise as to optimal option to select for defined benefit pension plan benefits.
Alert and advise on will updates as a result of life change or new legislation.
Review for potential conversions of unneeded whole life policies to annuities.
Advise on mortgage refinance opportunities (not on search and application).
Annual calculation of IRA required minimum distribution.
Alert and advise as to Roth IRA conversion opportunity.
Advise on optimal charitable contribution choice (not design and implementation).
Initial consultation on all lifetime financial matters (not subsequent planning or implementation if needed).
Quarterly review meeting on personal financial plan progress.
Preparation of your personal income tax return.

The scope of service does not include:

Financial Plan Preparation
Comprehensive Estate Planning
Life insurance purchase analysis
Mortgage refinancing search and applications
Employer benefit plan set-up

However we will be available on an ongoing basis to assist you in these matters. The nature, extent and fees of these services will be established at that time.