Maxiam Capital manages all its clients’ assets in a discretionary manner. Discretionary accounts allow a portfolio manager to implement investment decisions within a client’s account without the need for the client’s consent for each trade.
In contrast, non-discretionary accounts do not allow a portfolio manager to have discretion or direct control over the client’s investment portfolio.
In our view, one of the most significant disadvantages of a non-discretionary account is your advisor’s inability to respond quickly when an investment opportunity arises. For instance, many advisors work with multiple clients, and the lag time associated with getting everyone’s consent may result in nonoptimal outcomes for each client.