Few investment professionals are permitted to provide discretionary investment management. To be able to do so investment advisors must meet strict educational and experience requirements to be a registered Portfolio Manager (PM) with the securities commissions. This elevated level of licensing provides MP Wealth Advisory with the unique ability to pass on several benefits to our clients, while adhering to a very strict code of conduct.
With discretionary accounts investors delegate day-to-day investment decisions to our portfolio managers. This differs from non-discretionary accounts where clients must make final trading decisions. In today’s fast-paced financial world delegation provides a fundamental advantage.
Our portfolios are bound by the parameters outlined in your jointly developed investment policy statement. Clients may even establish constraints based on such things as personal principles and specify stocks to avoid from industries they feel are socially undesirable. You as a client will have greater peace of mind knowing that discretionary accounts are subject to greater governance and oversight by the investment industry, while allowing the advisor the maximum level of responsiveness to changing markets.