Examples of Discretionary Account in a sentence
To facilitate compliance with this reporting requirement, Jennison Associates requires that a duplicate copy of all trade confirmations and brokerage statements be supplied directly to Jennison Associates’ Compliance Department and to Prudential’s Corporate Compliance Department, other than transactions in a Discretionary Account.
A Fully Discretionary Account is a securities account for which an Associate has completely relinquished decision-making authority to a professional money manager (who is not a Family Member or not otherwise subject to this Policy) and over which the Associate has no direct or indirect influence or Control.
In addition, to qualify as a Fully Discretionary Account, the individual broker, registered representative or merchant responsible for that account must not be responsible for nor receive advance notice of any purchase or sale of a Security or Futures Contract on behalf of an Advisory Client.
Only transactions where the investment decisions for the account are made by an independent investment manager in a fully Discretionary Account (including managed accounts) will be exempt from the pre-clearance procedures, except for those transactions that are directed by an employee in a Jennison managed account.
The AMP Privacy Policy also contains information about how to make a complaint about a breach of the Australian Privacy Principles.For a copy of AMP's Privacy Policy visit http://www.amp.com.au/privacy or you can contact us.Our services for Managed Discretionary AccountsWe offer limited types of Managed Discretionary Account services (MDA services) within approved investment platforms.