Figure I
Discretionary Account Excerpt Endowment Account Principal balance $1,000,000.
METHODS OF ADDING TO A DEPARTMENTAL
DISCRETIONARY ACCOUNTASIC has issued Regulatory Guide 179 Managed
Discretionary Account Services (RG 179) and several class orders setting out how MDA services for retail clients must be operated.
I performed my recent review based on the understanding that your current objectives are trading profits and capital gains, and that your account is not a
discretionary account (a
discretionary account is one in which the customer has given written authorization for the registered representative to execute transactions without first consulting the customer).
The bank provides private banking services to thousands of wealthy clients active internationally in 70 countries, including investment advice, portfolio management,
discretionary account management, securities and foreign exchange trading, and lending (Lombard) to clients.
Antonovich, who kept the lake operating through the summer with money from his
discretionary account, will continue working with state officials to keep it open, said spokesman Tony Bell.
Prior to the receipt or review of the Offering Memorandum or participation in the exchange offer, each holder of Existing Notes (or a custodial entity acting on its behalf) must certify that it is a (a) "qualified institutional buyer", as that term is defined in Rule 144A of the Securities Act, and is acquiring the New Notes for its own account or for a
discretionary account or accounts on behalf of one or more qualified institutional buyers or (b) a person located outside the United States or a fiduciary holding accounts for the benefit of non-U.
ASIC s investigation found that between March 2010 and October 2011, Forex FS offered an account known as an individually managed account (IMA) which was a managed
discretionary account (MDA).
The proposed requirements would also apply to investor directed portfolio service operators, managed
discretionary account operators and sub-custodians as discussed in RG 133.
the national retirement financial services firm, reported that assets in RightPath, its next generation defined contribution (DC) plan, have surpassed $700 million, with close to 60% of participants choosing to enroll in the plan opting for
discretionary account management.
clients could invest in Apple s Managed
Discretionary Account (MDA), when in fact Apple did not offer a MDA, and was not authorised to do so; Apple s Managed Fund had earned profit of 41.
Just one city councilman reaching into his
discretionary account for a few grand, and saying to an aide, ``Take care of it.
NEW YORK -- The Bank of New York has launched a full service brokerage solution for high-net-worth individuals, providing a complementary option to its traditional
discretionary account management services and fully positioning the firm as a preferred financial advisor.
person, (vii) any
discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated, or (if an individual) resident in the United States, and (viii) any partnership or corporation if (A) organized or incorporated under the laws of any foreign jurisdiction and (B) formed by a U.
The firm's services include investment banking, institutional equity brokerage,
discretionary account management, and start-up consulting and advisory services for money managers.
