Limited Discretionary Account

Categories: Banking

Our broker, Jackie, is the best. Not only is she fun to share cat memes with, but she doesn’t do a half-bad job managing our investment portfolio. In fact, we’ve decided to open the reins a little bit with a “limited discretionary account,” an investment account in which we let our broker (or brokerage firm) use her own judgment and make trades without telling us about it first. We know she’ll make good decisions.

Limited discretionary accounts are common. Maybe we’ve even seen them around town going by one of their other names: managed accounts, or controlled accounts. These accounts make life way easier for the investor: we put the money into the account, we hash out our financial goals, and then we let the experts take the wheel. Little to no muss, little to no fuss.

Of course, if we’re really into the day-to-day management of our financial assets, limited discretionary accounts might not appeal to us. But for investors who are maybe a little less...hands-on, these types of accounts can be a lifesaver. Or rather, a life savings saver.

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number four was loaded and had a weak heart and well he ate one too many [tombstone and grave]

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cheeseburgers Maybelle trusts her grand nephew

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one with her his status is analogous to having power of attorney in doing

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various legal and financial things in life like you might sign over power of

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attorney to your legalese proficient uncle to handle negotiating the terms of

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your juggling contract because well with your busy schedule you need some help [hand signing power of attorney papers]

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keeping all your you know balls in the air and you have the option between

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keep produce you know stocked so you turn over authority to make the actual [Maybelle at the food market]

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