Respuesta :
The following fixed expenses are typically either committed or discretionary: Management training and development.
A portfolio manager or investment advisor makes purchase and sell decisions on behalf of the client's account under discretionary management. Investment choices are made at the portfolio manager's discretion, as indicated by the word "discretionary." This calls for the client to have complete faith in the manager's ability.
What is Discretionary Management?
Only those with extensive investment industry experience and advanced educational credentials are permitted to provide discretionary management, and many managers hold one or more professional designations such as Chartered Financial Analyst (CFA), Chartered Alternative Analyst, Chartered Alternative Investment Analyst (CAIA), Chartered Market Technician (CMT), or Financial Risk Manager (FRM).
- Due to the higher minimum investment requirements for discretionary accounts, which sometimes start at $250k, the services and transactions under discretionary investment management are specialized to high-net-worth individuals (HNWI) and institutional investors, such as pension funds.
- If the investment manager's approach fits the client's risk tolerance and financial objectives, it may entail buying a range of market assets. Discretionary investment managers, for instance, have the ability to buy securities including stocks, bonds, ETFs, and financial derivatives.
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