We use cookies for anonymous analytics to improve our service. No advertising or cross-site tracking. Learn more
Power of Attorney
Secure your practice and client fiduciary duties with a PA-compliant Power of Attorney. Address SEC, FINRA, and Pennsylvania-specific legal requirements.
Fill the form
Customized fields for your role
Preview live
See your document update in real time
Download PDF
Free watermarked or $9 clean copy
As an Independent Financial Advisor in Pennsylvania, maintaining continuity of fiduciary duty is paramount. Whether you are managing Assets Under Management (AUM) or navigated the Investment Advisers... Read more
Customize your Power of Attorney
8 fields · Takes about 2 minutes
Accept terms in the form to enable downloads
Customize your Power of Attorney
8 fields · Takes about 2 minutes
Official Document Preview
[Powers Granted]
[Scope of Fiduciary Authority]
This clause identifies the person granting the power, known as the principal. It typically includes their full legal name, address, and other identifying information. This is legally important to ensure clarity on who is empowering the agent.
This section identifies the designated agent or attorney-in-fact. It includes their full name, address, and contact information to precisely identify who is being granted authority.
This clause specifies the scope of authority granted to the agent. It can be broad (general power of attorney) or limited to specific actions (special power of attorney). Clearly defining these powers is crucial to prevent misuse of authority.
It defines the duration of the agent's authority, whether it's ongoing until revoked, expires on a particular date, or upon the principal's incapacity or death. Specificity here is required to avoid confusion over when the power is active.
This section outlines how the power of attorney can be revoked by the principal, including any conditions and the process of notification to the agent. A clear revocation process is necessary for ensuring the principal retains control over the power granted.
Specifies the state laws that will govern the power of attorney, especially important as POA laws can vary significantly between states.
Legal signatures of both the principal and sometimes the agent, with dates, are necessary for validation. This solidifies the consent and agreement of both parties.
Many states require the power of attorney document to be notarized and witnessed, providing an element of verification and reducing the risk of fraud or coercion.
As an Independent Financial Advisor in Pennsylvania, maintaining continuity of fiduciary duty is paramount. Whether you are managing Assets Under Management (AUM) or navigated the Investment Advisers Act of 1940, your practice faces unique risks regarding investment losses and E&O claims. This Pennsylvania-specific Power of Attorney ensures that a qualified agent can maintain your regulatory compliance, oversee portfolio allocation, and manage client distributions according to 20 Pa. C.S. § 5601 and other state-specific statutes if you become unavailable, safeguarding your RIA registration and client trust.
In Pennsylvania, a Power of Attorney must strictly adhere to Title 20, Chapter 56 of the Pennsylvania Consolidated Statutes. This includes specific notice requirements signed by the principal and an acknowledgment signed by the agent. Furthermore, under the PA Unfair Trade Practices and Consumer Protection Law, the document must be executed without coercion and clearly define the scope of authority to avoid fiduciary liability issues.
While this POA grants legal authority under Pennsylvania law, it is designed to support your Business Continuity Plan (BCP) as required by the SEC and FINRA. It allows your designated agent to step into operational roles, manage fee structures/AUM calculations, and interface with broker-dealers, helping to mitigate the risk of regulatory compliance violations during your absence.
To mitigate Errors and Omissions risks, you should precisely define the scope of authority. Our template allows you to specify whether the agent has the power to adjust risk tolerance settings, execute trades, or terminate client agreements. Limiting these powers ensures that the agent stays within the bounds of your investment strategy and established fiduciary obligations.
Under 33 Pa.C.S. § 6, certain transactions conducted by your agent, such as those involving real estate or leases over three years, must be in writing. This Power of Attorney provides the necessary written authorization to satisfy these Pennsylvania-specific requirements, ensuring your agent can legally manage practice-related property and long-term contracts.
Power of Attorney
Secure your fleet operations in Florida. Professional Power of Attorney for fleet managers ensures compliance with FMCSR, EPA, and FL Chapter 542.
Power of Attorney
Secure your plumbing business in Indiana. Create a custom Power of Attorney to manage permits, OSHA compliance, and contracts if you are unavailable.
Power of Attorney
Demand Letter
Secure your RIA fees or resolve compliance disputes with a professional California-specific demand letter. Built for fiduciary standards and SEC/FINRA compliance.
Power of Attorney
Secure your advisory practice with a NY General Obligations Law compliant POA. Protect AUM, ensure SEC/FINRA continuity, and manage fiduciary liabilities.
Power of Attorney
Secure your tattoo shop and portfolio with a Minnesota-specific Power of Attorney. Protect your flash designs and studio operations in compliance with MN law.
Create a legally compliant Maryland Power of Attorney. Protect your AUM and advisory business while adhering to SEC, FINRA, and MD statutory requirements.