Discretionary Service
With this service the client gives us the authority to take decisions on their portfolio without first seeking their approval. Normally such discretion will be given subject to a set of agreed parameters. Any transactions undertaken are notified immediately by means of a contract note. We provide valuations and schedules of transactions normally on a six-monthly basis. We can either charge normal commission on all transactions or offer a management fee basis if preferred.
The main advantage of the discretionary service is that the client does not need to be involved with day-to-day portfolio decisions for which they may have insufficient time or for which they may feel that they lack the necessary expertise. We often find that clients who start off using our Advisory Service make the switch to our discretionary service once they have built up confidence that we understand their requirements and make suitable proposals.