This refers to the level of authority given to a manager or an adviser over the management of a client’s capital. When it is a fully discretionary account, it is one in which the manager or adviser has total freedom and ability to manage and invest a client’s capital even without their approval.
Discretion
This refers to the level of authority given to a manager or an adviser over the management of a client’s capital. When it is a fully discretionary account, it is one in which the manager or adviser has total freedom and ability to manage and invest a client’s capital even without their approval.
