My company offers discretionary and non-discretionary portfolio management services. Discretionary portfolio management means I will make investment decisions and place buy or sell orders in your account without contacting you on for every change. Investment decisions are based upon your stated objectives which we will discuss on an ongoing basis.
Non-discretionary portfolio management service means that your approval is required prior to placing any order for a transaction in your account. In reality, this is not very practical. I will monitor your portfolio's performance on a daily and sometimes hourly basis. As changes in the market occur, I try to maintain focus on your objectives and not get caught up in the "breaking news of the hour", but will make adjustments as necessary.
Non-discretionary portfolio management service means that your approval is required prior to placing any order for a transaction in your account. In reality, this is not very practical. I will monitor your portfolio's performance on a daily and sometimes hourly basis. As changes in the market occur, I try to maintain focus on your objectives and not get caught up in the "breaking news of the hour", but will make adjustments as necessary.
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