No matter what work you are hired to do as a financial advisor, you should always consider making a Financial Services Agreement. You might decide to make a Financial Services Agreement due to the fact that it grants the following list of benefits: There are no surprises about how long the engagement lasts Both parties understand the scope of their responsibilities Both parties know when invoicing will happen If you don't have a Financial Services Contract, you and the client may experience any of the following unwanted repercussions: unmet standards of quality, missed deadlines, unexpected changes, difficulty getting paid, and, unfortunately, little to no recourse if problems arise.