In today's volatile and complex markets,
managing your own portfolio takes a great deal of time and effort. And
often you will be required to react swiftly in response to changing
market conditions in order to effectively manage your personal wealth.
For clients who want to delegate the management
of their portfolio to their wealth adviser, they can opt for the
discretionary wrap account which enables the clients to authorise
their adviser to execute all transaction requests on their behalf.
The authority to exercise discretion allows the
management of portfolios without the delays inherent in obtaining the
client's approval to execute transactions.