Investment discretion definition
Investment discretion means the making of one or more investment decisions (buy, sell or otherwise handle) by an "individual” or "entity" with respect to the assets, “securities" or other investments belonging to a third party without that third party's prior approval of each such decision.
Investment discretion means legal authorization to select, obtain and dispose of investments on the client’s behalf without separate authorization for each transaction;
Investment discretion means, with respect to an account, the sole or shared authority (whether or not that authority is exercised) to determine what securities or other assets to purchase or sell on behalf of the account.
Examples of Investment discretion in a sentence
Investment discretion is explained to clients in detail when an advisory relationship has commenced.
More Definitions of Investment discretion
Investment discretion means legal authorization to select, obtain and dispose of an investment on behalf of a client without separate authorization for each transaction.
Investment discretion means the authority of a corporate credit union, as trustee, to determine what securities, property, or other investments will be purchased or sold by or for an account.
Investment discretion means, with respect to an account, the sole or shared authority, whether or not that authority is exercised, to determine what securities or other assets to purchase or sell on behalf of the account. A savings bank that delegates its authority over investments and a savings bank that receives delegated authority over investments are both deemed to have investment discretion.