So once again, and to be clear, this deal does not add money to discretionary accounts
The discretionary account
- around $20 million - is used predominately for art acquisition and museum promotion.
These private banks and wealth managers typically manage clients' assets through defined mandates in discretionary accounts
(often labeled 'conservative', 'balanced' or 'growth') that are very similar to the investment strategies of mutual funds.
6% cut from discretionary accounts
that contain congressionally directed projects, and a 0.
That improvement was due overwhelmingly to a 49 per cent increase in profits derived from managing discretionary accounts
allow the broker to make trades in a customer's account without obtaining prior approval.
Still a standard brokerage technique, discretionary accounts
allow brokers to buy or sell in a customer's account without prior approval for each transaction.
The data cover contracts held by 126 investment advisory companies authorized to not only advise investors but also manage their assets in discretionary accounts
The fund said authorities should seek to contain spending by restricting the use of the ministerial discretionary accounts
and containing wage increases, moves which would free up funds for spending on education, health, justice and security;
Investment management for private banking customers usually consists of either discretionary accounts
in which portfolio managers make the investment decisions based on recommendations from the bank's investment research resources or nondiscretionary accounts in which customers make their own investment decisions.
He proposes various revenue and entitlement offsets and in addition, would use his Social Security framework to add $30 to $40 billion annually to discretionary accounts
starting in 2001.