In simple terms, discretionary investment management is when your Investment Manager looks after your investments on your behalf and makes decisions at their own discretion.
Your Investment Manager acts in your interests and in accordance with the goals, preferences and risk tolerance you have agreed with them. They can also make changes to your investment portfolio without having to contact you first.
By entrusting your investment decisions to an expert, you don’t have to worry about day-to-day decision-making, researching investment opportunities and working out how best to diversify your portfolio.