ACRES (Advisor/Client Relationship Equitable Split) Agreement ChecklistAcres Agreement • August 23rd, 2023
The ACRES Agreement is designed to allow firms and their advisors to set the terms for whether and how a departing advisor can solicit clients within 3 different categories of client relationships – firm clients, individual advisor clients, and joint clients. Importantly, the sample ACRES Agreement requires firms and advisors to fill in several sections based on their agreed-upon understanding of which type of clients fall into which category as well as the permissible actions of each party toward clients in each category.
