Discretionary Management

Discretionary management is a method usually employed by individuals with a high net worth who don’t have time to spare. This is because discretionary investment requires you to hand over day-to-day decision-making power to a wealth manager or financial advisor. They make the call, and you simply leave them to it. After all, they’re the expert.

Of course, when choosing a wealth manager or financial advisor, clients will discuss and agree to a plan before signing. It’s more common for clients to approach this method of investing with quite a high investment minimum, often as much as £200,000, but ultimately it’s up to you to define how much.

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Expect to pay at least 2% of your AUM when opting for discretionary management. In essence, you are paying for not only their time, expertise, and an investment strategy that is catered to your needs and goals, but also for your own freedom. Instead of having to spend hours each day, reading up on the latest investment methods, or researching stock market trends, you can rest easy knowing you’ve got an expert handling your investments.

The success of discretionary management will come down to placing your trust in a wealth manager or financial advisor who will be able to achieve your discussed goals. Most will passively invest, going for long-term success over short-term gambles. 10x Weatlh Management’s own advisors have years of experience and are at the forefront of the industry, with insights and knowledge that are invaluable to investing success. Contact us today to get started on your financial journey.

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