Discretionary authority definition

Discretionary authority means the authority, directly or indirectly, to:

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Discretionary authority or “Discretionary Basis” means R&Co’s authority to decide which securities to purchase and sell for the client.

Discretionary authority means a Trustee’s authority to exercise Discretion in a decision or action.

Examples of Discretionary authority in a sentence

• Discretionary authority for the management and control of the assets of the Trust shall be retained by the Trustee, and all rights associated with assets of the Trust shall be exercised by the Trustee or the person designated by the Trustee, and shall in no event be exercisable by, or rest with, the Plan Participants.

• Discretionary authority provisions in existing California 23 Contracts that were issued prior to the date of the Order of the Commissioner are not affected by 24 the CSA.

• Discretionary authority for the management and control of the assets from time to time held in Trusts may be retained, allocated or delegated, as the case may be, for one or more purposes, by the Company to and among an investment manager or investment managers.

• Discretionary authority allows us to decide the type and amount of securities to be bought or sold for your account and when to invest, without consulting you first.

• Discretionary authority granted under this Agreement will remain in effect until changed or terminated by Client in writing.

• Discretionary authority is granted to the Trustees, or their claims administrator, to interpret the terms of coverage and determine the facts, and render a decision.

• Investment Authority [Initial One] Discretionary Authority: Discretionary authority allows the Firm to implement investment decisions, such as the purchase or sale of a security, or the reinvestment/rebalancing on behalf of the Client’s account, without requiring the Client’s prior authorization for each transaction in order to meet stated account objectives.

• Discretionary authority for the management and control of assets of the Plan from time to time held in the Retirement Fund may be retained, allocated or delegated, as the case may be, for one or more purposes, to and among the Asset Managers by the Named Fiduciary, in its absolute discretion.

• Discretionary authority must be noted explicitly in each case in which it is applied (for example, by use of an asterisk or footnote).

• Discretionary authority for the management and control of assets in the Fund may be retained, allocated or delegated, as the case may be, for one or more purposes, to and among the Asset Managers by the Company, in its absolute discretion.

More Definitions of Discretionary authority

Discretionary authority means the authority to transact in securities on behalf of a client without prior approval from the client except for discretion regarding the price or the time at which a transaction is to be effected if the client has directed or approved the purchase or sale of a definite amount of a particular security before the order is given by the investment adviser. Discretionary authority does not include the authority under which an investment adviser places trade orders with a broker-dealer pursuant to a third-party trading agreement if all of the following conditions are met:

Discretionary authority means the authority, di- rectly or indirectly, to:

Discretionary authority or “Discretionary Basis” means Rothschild Asset Management’s authority to decide which securities to purchase and sell for the client.

Discretionary authority means a policy provision that has the effect of conferring discretion on an

Discretionary authority means the power to exercise any judgment in a decision or

Discretionary authority means your Financial Professional is authorized to buy and sell securities without your prior consent on any trade.