RY 144.17 0.4529% TD 77.39 0.0517% SHOP 78.87 -1.3878% CNR 171.64 0.5625% ENB 50.09 -0.4769% CP 110.62 0.6277% BMO 128.85 -0.548% TRI 233.58 1.1563% CNQ 103.29 -0.174% BN 60.87 -0.2295% ATD 75.6 -1.447% CSU 3697.0 1.1582% BNS 65.76 -0.3485% CM 66.6 -0.5525% SU 54.21 1.1569% TRP 53.15 0.3398% NGT 58.54 -0.3405% WCN 226.5 0.4123% MFC 35.905 0.9986% BCE 46.75 -0.5954%

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.