Get the free DISCRETIONARY ACCOUNT TRADING AUTHORIZATION

THIS DISCRETIONARY ACCOUNT TRADING AUTHORIZATION AND SUBSEQUENT ACKNOWLEDGEMENTS ARE TO BE COMPLETED ONLY IF CUSTOMER IS REPRESENTED BY AND ACTING THROUGH AN ACCOUNT MANAGER/COMMODITY TRADING ADVISOR. Customers

How to fill out discretionary account trading authorization

How to Fill Out Discretionary Account Trading Authorization:

1. Start by obtaining the discretionary account trading authorization form from your brokerage firm or financial institution. This form may also be available for download from their website.
2. Provide your personal information, such as your name, address, date of birth, and contact details, in the designated sections of the form.
3. Indicate the type of account for which you are seeking discretionary trading authorization. This could be an individual account, joint account, trust account, or any other applicable type.
4. Specify the name of the person or entity who will be granted discretionary trading authority over your account. This could be yourself, a financial advisor, or a registered investment manager.
5. If you are designating someone else, provide their full name, contact information, and any relevant identification numbers or credentials.
6. Clearly outline the scope of the discretionary trading authority you are granting. This may include specifying the types of investments, asset classes, or trading strategies that the authorized person or entity can engage in on your behalf.
7. Indicate any limitations or restrictions you wish to set on the discretionary trading authorization. For example, you may want to specify a maximum investment amount, risk tolerance level, or any prohibited investments or strategies.
8. Review the terms and conditions outlined in the form, including any disclosures or agreements relating to fees, commissions, or potential conflicts of interest.
9. Sign and date the form, acknowledging that you understand and agree to the terms and authorize the designated person or entity to trade on your behalf.
10. Submit the filled-out form to your brokerage firm or financial institution. Retain a copy for your records.

Who Needs Discretionary Account Trading Authorization:

1. Investors who may not have the time, knowledge, or desire to actively manage their investment portfolio on a day-to-day basis may consider discretionary account trading authorization.
2. Individuals who trust a professional financial advisor or registered investment manager to make investment decisions on their behalf may opt for discretionary trading authorization.
3. Those who wish to delegate the responsibility of monitoring and executing trades to a knowledgeable and experienced professional may also require discretionary account trading authorization.

For pdfFiller’s FAQs

What is discretionary account trading authorization?

Discretionary account trading authorization is a written agreement between an investor and a broker allowing the broker to make investment decisions on behalf of the investor without prior consultation.

Who is required to file discretionary account trading authorization?

Investors who want their broker to have the authority to trade securities on their behalf without needing to consult them for each transaction are required to file discretionary account trading authorization.

How to fill out discretionary account trading authorization?

To fill out discretionary account trading authorization, investors need to provide their broker with written instructions detailing the scope of the broker's authority, including types of investments, risk tolerances, and any limitations or restrictions.

What is the purpose of discretionary account trading authorization?

The purpose of discretionary account trading authorization is to allow brokers to make timely investment decisions on behalf of their clients without needing to consult them for every trade, which can help take advantage of market opportunities.

What information must be reported on discretionary account trading authorization?

Discretionary account trading authorization must include the investor's name, account number, scope of authority given to the broker, risk tolerances, investment objectives, limitations or restrictions, and any other relevant information.

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