What is Discretionary Investment?

It refers to managing financial investment products, such as stocks, by being delegated the authority to trade in a client's securities account, without any transfer of the client's funds.

The company cannot withdraw cash or securities, and the client can always directly check their account balance and transaction history.

While a fund pools and manages money from multiple investors, discretionary investment is different in that it operates on a 1-on-1 contract basis for each individual client's account.

*As defined in Article 6, Paragraph 7 of the Financial Investment Services and Capital Markets Act:
"It is the business of managing financial investment products—by acquiring, disposing of, or other methods—on a per-investor basis, after being entrusted with all or part of the investment decisions for those products from the investor."