RY 173.64 -0.3672% SHOP 148.58 -0.6486% TD 82.36 -0.9263% ENB 64.21 -0.2641% BN 83.24 -1.0579% TRI 230.54 0.013% CNQ 46.58 3.4881% CP 109.8 1.4131% CNR 148.11 0.8031% BMO 143.82 0.3489% BNS 73.94 0.5029% CSU 4345.0 -1.0785% CM 90.555 -0.1158% MFC 44.31 0.113% ATD 76.82 0.0521% NGT 60.2 -0.1327% TRP 69.31 1.0939% SU 56.975 0.9658% WCN 255.98 -0.7868% L 181.13 -0.1268%

Discretionary Account

Updated on August 29, 2023

An account which enables an authorized broker to sell and buy securities without the permission of client for every trade is referred to as discretionary account. In other words, it is defined as an agreement in which customer gives complete or limited authority to a broker to sell and buy securities without prior approval of the customer. However, it is worth pointing out that this account does not allow brokers to make the trade in their best interests, rather decisions made need to be consistent with the client’s objectives.