Discretionary or Managed Accounts

Asset allocation, risk, diversification and rebalancing. Pros/cons of hiring a financial advisor. Seeking advice on your portfolio?
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par4
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Discretionary or Managed Accounts

Post by par4 »

Can a Financial Advisor say he will only handle your account if it is Discretionary or Managed? In other words, the client must sign a form indicating you accept this. :(
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ghariton
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Re: Discretionary or Managed Accounts

Post by ghariton »

par4 wrote: 17 May 2017 19:26 Can a Financial Advisor say he will only handle your account if it is Discretionary or Managed? In other words, the client must sign a form indicating you accept this. :(
I strongly recommend finding another financial adviser.

George
The juice is worth the squeeze
twa2w
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Re: Discretionary or Managed Accounts

Post by twa2w »

Yes. Providing he/she has the proper qualification and licensing to do so.

Many advisors limited their practices to a specific type or segment of the market.

Is the advisor in question doing the discretionary investing decisions himself, or does he put you into a managed portfolio with a professional third party portfolio manager.

As George said, perhaps look for another advisor unless this is what you are looking for.
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