The objective of this agreement is to establish investment and financial planning services, under the direction of the County of San Diego Public Administrator and Public Guardian (PA/PG) to ensure that assets entrusted to their oversight are managed properly in a cost effective and prudent manner. For cases involving decedent estates, the transition of financial assets through the probate process shall be conducted in a professional and efficient manner while meeting the wishes of the deceased as well as the heirs. This can involve selling securities/stocks at the most advantageous time for the estate. Contractor shall provide an investment plan and/or ongoing financial plan for all clients referred by PA/PG which require financial management, utilizing all client assets to meet their current and future care, and individual needs. The financial planning assessment shall be completed within the guidelines and approval of the Probate Code and in collaboration with the representatives of PA/PG. The investment firm shall only purchase authorized investments either from the issuer, a broker to dealer, a member of a federally regulated securities exchange, a national or state-chartered bank, a federal or state association (as defined by Section 2102 of the Financial Code), or a brokerage firm designated as a primary government dealer by the Federal Reserve Bank. Provided that the dealer is a certified member of the Financial Industry Regulatory Authority (FINRA), it may also purchase or sell securities from non-primary dealers qualified under U.S. Securities and Exchange Commission Rule 15C3-1 and the Uniform Net Capital Rule.
