Other duties may flow from the exercise of discretionary authority, such as an obligation to pay penalty interest, but there is no duty that is the flip side of the discretionary authority a declaration is a statement of fact to which the parties agree.
Discretionary authority definition - discretionary authority is the power to be the sole interpreter of claims it is granted to insurance companies. With discretionary authority, this person may invest your money without consulting you about the price, amount or type of security or the timing of the trades that are placed for your account some firms allow you to indicate who has discretionary authority over the account directly on the new account application, while others require separate.
Granting discretionary authority discretionary trading in your account is allowed only if you have authorized a broker to do so in writing and the broker’s firm has approved it if you want to grant a broker authorization to trade on your behalf, make sure you think through the risks involved in allowing someone to make decisions about your.
Advisors with discretionary authority have the ability to place trades on behalf of their clients cvt financial planning does not have custody nor discretionary. Discretionary authority the committee shall have full discretionary authority in all matters related to the discharge of its responsibilities and the exercise of its authority under the plan,.
Discretionary authority is the ability to exercise powers that may not be expressly granted by law the implied powers of congress are an example of discretionary authority discretionary authority directly affects the level of government involvement in the daily lives of citizens an excessive. A discretionary account is an investment account that allows an authorized broker to buy and sell securities without the client's consent for each trade the client must sign a discretionary.
From time to time, people other than the beneficial owner of the account may be authorized to enter orders for the account all discretionary authority must be evidenced in writing for the.
What is the difference between discretionary and non-discretionary investment authority industry lingo discretionary investment management is a form of investment management where trading decisions are made for clients at the portfolio manager’s discretion. Definition of discretionary in the legal dictionary - by free online english dictionary and encyclopedia what is discretionary meaning of discretionary as a legal term associated concepts: discretionary authority, discretionary damages, discretionary power of the court, discretionary trusts see also:.