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Print Discretionary Trading Authorization Sub Firm # BR Code FA Code Account Number (Office Use Only) Account Title By signing below, the undersigned (“I “) hereby authorize, an employee of (BrokerDealer

How to fill out discretionary trading authorization

How to fill out discretionary trading authorization:

1. Obtain the appropriate form: The first step to fill out a discretionary trading authorization is to obtain the required form. This form can usually be obtained from your broker or financial institution. It may also be available for download on their website.
2. Provide personal information: Start by providing your personal information on the form. This typically includes your name, address, contact information, and any other relevant identification details requested.
3. Understand the terms and conditions: Read through the terms and conditions section carefully. This section provides important information about the scope and limitations of the discretionary trading authorization. Make sure you understand and agree to the terms before proceeding further.
4. Indicate the authorized party: Specify the party or parties you are granting discretionary trading authorization to. This can be an individual or a specific entity such as a brokerage firm. Ensure you accurately provide their name and any other required details.
5. Set investment objectives and restrictions: Clearly state your investment objectives and any specific restrictions you want to impose on the authorized party. This can include risk tolerance, asset allocation preferences, and limitations on certain types of investments.
6. Review and sign the form: Carefully review all the information you have provided on the form. Ensure there are no errors or missing information. Once you are satisfied, sign the form and date it. Certain forms may require additional witness signatures, so make sure to follow the instructions provided.

Who needs discretionary trading authorization:

1. Investors who want professional management: Discretionary trading authorization is typically sought by investors who want to delegate the decision-making process to a professional. By granting discretionary authority, investors can have their portfolios managed by experienced individuals who can make investment decisions on their behalf.
2. Busy individuals or those lacking expertise: Some individuals may lack the time, knowledge, or expertise required to actively manage their investment portfolios. In such cases, granting discretionary trading authorization can be beneficial as it allows professionals to make investment decisions based on their expertise while the investor focuses on other aspects of their life or business.
3. Trusts and institutional investors: Trusts, endowments, and other institutional investors often utilize discretionary trading authorization. This enables them to entrust the management of their portfolios to professional investment managers who are responsible for implementing the investment strategy outlined in the authorization.
4. Investors who desire a hands-off approach: Discretionary trading authorization is suitable for investors who prefer a hands-off approach to managing their investments. By opting for discretionary authority, they can avoid the stress and time commitment associated with making frequent investment decisions while still actively participating in the market.

Note: It is important to consult with a financial advisor or legal professional before granting discretionary trading authorization to understand the implications and ensure it aligns with your specific financial goals and circumstances.

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What is discretionary trading authorization?

Discretionary trading authorization is when an investment advisor has the authority to make trades on behalf of a client without obtaining prior approval for each trade.

Who is required to file discretionary trading authorization?

Investment advisors who have been granted discretionary authority by clients are required to file discretionary trading authorization.

How to fill out discretionary trading authorization?

To fill out discretionary trading authorization, the investment advisor must include information about the client, the scope of the authority granted, and any limitations on that authority.

What is the purpose of discretionary trading authorization?

The purpose of discretionary trading authorization is to allow investment advisors to make timely trades on behalf of clients without constantly seeking approval for each individual trade.

What information must be reported on discretionary trading authorization?

Discretionary trading authorization must include the client's name, account number, the scope of the authority granted, any limitations on that authority, and the signature of the client granting the authority.