PAM Guide to Wealth Management


With a discretionary service, the private asset manager makes all the investment decisions on your behalf, once you have agreed your investment objectives, the time frame to achieve them and your risk profile.

This significantly reduces paperwork and administration in addition to the day-to-day management of your portfolio. Under the discretionary service, private asset managers are able to react quickly to investment opportunities and changes in the market environment. This is because they do not need to consult you before making every transaction but can act based on the agreed objectives and risk profile. Transactions can be carried out in bulk for many of the private asset manager's clients, which can potentially reduce costs.

When you meet a discretionary manager, he will draw up a mandate based on your goals, the time frame in which you want to achieve these objectives and the level of risk you are prepared to take to meet them. The manager should consult you on a regular basis to ensure your goals, time horizon and level of risk have not changed. Furthermore, you will receive detailed reports on a regular basis and the manager may send you a contract note after buying and selling shares.

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The PAM Directory is a comprehensive guide on comparative data focusing on asset managers, investment managers, private banks, stockbrokers, wealth managers and multi-family offices, who provide discretionary and/or advisory portfolio management services for private clients.

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