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Urgent!! What is meant by Discretionary investment services?


Please give me a detail description and a list of services for Discretionary investment services. Thanks

A discretionary investment service is one where you give an investment management company the right to make buy and sell decisions on your account without checking with you first.

So if you open an account with one of these companies you will tell them what you want to achieve (eg: capital growth or income) and the degree of risk and volatility you are prepared to accept. They will decide how to invest your money. You will receive notification after they have made a purchase or sale and should receive regular progress reports (once per quarter is usual).

Services will vary by provider, it is normally possible to negotiate on the costs and other aspects of the service. Obviously you pay more if you want them to do more for you.

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