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Real Estate Glossary

Discretion

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Written by Luis Escobar

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.

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.

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Luis Escobar

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