Discretionary account,

Definition of Discretionary account:

1. Depending on the specific agreement between investor and broker, the broker may have a varying degree of latitude with a discretionary account. The client may set parameters regarding trading in the account.

2. Power of attorney arrangement in which a customer gives limited or complete authority to an agent (bank, broker, or investment-portfolio manager) to buy and/or sell securities or commodities on the customers behalf without the customers prior approval or knowledge. Also called controlled account. See also managed account.

3. A discretionary account is an investment account that allows an authorized broker to buy and sell securities without the client's consent for each trade. The client must sign a discretionary disclosure with the broker as documentation of the client's consent. A discretionary account is sometimes referred to as a managed account; many brokerage houses require client minimums (such as $250,000) to be eligible for this service, and usually pay between 1 percent and 2 percent a year of assets under management (AUM) in fees.

How to use Discretionary account in a sentence?

1. A discretionary account is one in which clients hand over control of their trading account to brokers or advisors, who select and ■■■■■■■ trades for them.
2. Clients can customize such accounts by specifying restrictions or preferences for investing style or themes. In recent times, robo-advisers have also become popular instruments for discretionary accounts.
3. Advantages of discretionary accounts include quick ■■■■■■■■■ of trades and expert services. Disadvantages of discretionary accounts include higher fees and the possibility of negative performance.

Discretionary Account,

How To Define Discretionary Account?

1. A discretionary account is an investment account that allows an authorized broker to buy and sell securities for any transaction without the client's consent. The client must sign the discretionary statement as documents of the client's agreement with the broker. Discretionary accounts are sometimes called managed accounts. Many brokers require a minimum of a customer (e.g., this 250,000) to be eligible for this service and typically between 1% and 2% of the annual asset under management (AUM). Pay .

   • A discretionary account is one in which the client gives control of his trading account to a broker or advisor who chooses and conducts trades for him.
   • Users can personalize this account by specifying style restrictions or preferences, or investment topics. Recently, RobodeWizard has also become a popular tool for arbitrary accounts.
   • The benefits of discretionary accounts include instant transaction processing and specialized services. Discretionary account losses include higher fees and potential negative profits.

Literal Meanings of Discretionary Account

Discretionary:

Meanings of Discretionary:

1. Available for use at user's discretion.

Sentences of Discretionary

1. These laws are certainly less flexible than discretionary policies

Synonyms of Discretionary

up to the individual, at one's discretion, open to choice, voluntary, non-mandatory, non-compulsory, elective, optional

Account:

Meanings of Account:

1. Report or description of events or experiences.

2. A record or report of financial income and expenditure relates to a specific period or purpose.

3. An agreement under which the organization retains funds from customers or provides goods or services to customers for credit.

4. An agreement that gives a user personal access to a computer, website or application, usually by entering a username and password.

Sentences of Account

1. Your visit will not be considered successful

Synonyms of Account

delineation, bank account, note, recital, rate, narrative, concern, see as, adjudge, portrayal, view as, news, think, importance, consequence, momentousness, seriousness, journal, results, moment, communiqué, interest, book, weightiness, substance, weight

Discretionary Account,

What is The Meaning of Discretionary Account?

1. A discretionary account is an investment account that allows authorized brokers to buy and sell securities for any transaction without the client's consent. The client will have to sign a discretionary statement with the broker for the client's consent. A discretionary account is sometimes called a managed account. Many brokerage applications require a minimum of clients (e.g. 250,000) to qualify for the service and typically 1 and 2 assets per year in management (AUM) fees. Pay

   • A discretionary account is an account in which clients hand over control of their trading account to a broker or consultant of their choice and trade for them.
   • Clients can customize this account by specifying style limits or investment preferences or themes. More recently, roboadviser has also become an access point for arbitrary accounts.
   • The benefits of a discretionary account include transaction speed and expert services. Disadvantages of discretionary accounts are higher fees and potential negative profits.

Literal Meanings of Discretionary Account

Discretionary:

Meanings of Discretionary:

1. Available at user's discretion.

Sentences of Discretionary

1. The discretionary bonus increased at the end of the year.

Synonyms of Discretionary

discretional, permissive, unrestricted

Account:

Meanings of Account:

1. Description of an account or an event or experience.

2. Financial records or reports of income and expenditure for a specific period or purpose.

3. Agreements under which an organization withholds funds from customers or provides goods or services to customers on credit.

4. Consider or consider in a particular way.

5. Prepare or submit files for given or received cash accounts.

Sentences of Account

1. Detailed report on what was achieved

2. Your visit cannot be considered successful.

3. For accurate reporting, the trustee should not combine trust assets with other properties.

Synonyms of Account

hold to be, memoir, financial statement, report, interpretation, moblog, rendition, sitrep, chronicle, proceeding, interpret as, mark, log, think of as, reckon, gravity, exposition, rehearsal, current account, story, description, version, consider, impression

Discretionary Account,

What Does Discretionary Account Mean?

James Chen, CMT, is an experienced trader, investment advisor and global market strategist. He is the author of John Wiley & Sons' books on trade and technology trade and has been a visiting researcher at CNBC, Bloomberg TV, Forbes and Reuters, among other financial companies.

• A discretionary account is an account in which clients hand over control of their trading account to a broker or consultant of their choice and trade for them.
• Customize this account by specifying client style limits or investment preferences or themes. More recently, RoboAdvisor has become an access point for discretionary accounts.
• The benefits of a discretionary account include transaction speed and professional services. Disadvantages of discretionary accounts are higher fees and possible negative returns.

Literal Meanings of Discretionary Account

Account:

Meanings of Account:

1. Description of an account or event or experience.

2. Records or reports of financial income and expenses for a particular period or purpose.

3. Prepare or submit files for cash accounts given or received.

Sentences of Account

1. Detailed report of what was obtained

2. For accurate reporting, the trustee should not combine fiduciary assets with other assets.

Synonyms of Account

explanation, narration, regard as, ledger, review, weblog, take for, balance sheet, look on as, annal, sketch, record, minute, prominence, value, history, vlog, diary, financial record, deposit account, savings account, transcript, archive, deem, register, gauge, tale, transaction, relation