Business, Legal & Accounting Glossary
A type of brokerage account where the broker may make some limited investment decisions without having to consult the client. The securities that are traded in this type of account are typically confined to those that meet the client’s investment goals as well as risk tolerance. In contrast to a discretionary account that gives the broker much more independence with regard to trades made in the customer’s account.
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This glossary post was last updated: 20th November, 2021 | 0 Views.