0001493152-23-000247 Sample Contracts

ARETE WEALTH ADVISORS, LLC INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • January 4th, 2023 • Masterworks 203, LLC • Retail-retail stores, nec

This investment advisory agreement (the “Agreement”) is made by and between the client that has electronically agreed to this Agreement (“Client” or “you”) and Arete Wealth Advisors, LLC, an Illinois limited liability company and registered investment adviser (“Adviser”, “we” or “us” and, together with Client, the “Parties”).

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