Respuesta :
These fixed expenses are often either committed or discretionary: Research is optional.
Under discretionary management, a portfolio manager or investment adviser makes buy and sell decisions on behalf of the client's account. The word "discretionary" denotes that investment decisions are made at the manager's discretion. The client must have total confidence in the manager's abilities for this to work.
What Is Discretionary Management?
- These services and activities are targeted towards high-net-worth individuals (HNWI) and institutional investors, such as pension funds, because discretionary accounts have higher minimum investment requirements that can often start at $250,000.
- It could involve purchasing a variety of market assets if the investment manager's strategy matches the client's risk tolerance and financial goals. For instance, discretionary investment managers have the option to purchase stocks, bonds, ETFs, and financial derivatives.
To learn more about Discretionary management visit:https://brainly.com/question/15873556
#SPJ4
