What does Discretionary Management mean?

We invest the majority of the assets we manage in accordance with a discretionary management agreement. This means that we generally do not consult with a client prior to completing a transaction. We manage client portfolios according to the IPS (Investment Policy Statement) created and agreed upon by the manager and the client, thus allowing us to execute in an efficient and timely manner a strategy the client has agreed to in principle.

2015-01-21T11:41:35+00:00