Document background
The Financial Consulting Engagement Letter is an essential document used in the Canadian professional services industry to formalize consulting relationships between financial advisors and their clients. This document is typically required when initiating any financial consulting engagement, whether for individual or corporate clients, and must comply with Canadian federal and provincial regulations. It serves multiple purposes: defining the scope of services, establishing fee structures, outlining deliverables, and ensuring compliance with Canadian privacy laws and professional standards. The letter also includes crucial elements such as confidentiality provisions, conflict disclosure requirements, and termination clauses. Financial consultants use this document to protect both parties' interests while maintaining transparency and professional standards in accordance with Canadian regulatory requirements.
