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What does Discretion mean?

April 26, 2017discretion mean

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What does Discretion mean?

2 Answers

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Discretion means having the ability to trade on your account without your permission. This does not mean that RWM has custody. Custody means that we have possession of your funds. Pershing maintains custody. Discretion simply means that we are able to make trades on your behalf.

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Discretion means having the ability to trade on your account without your permission. This does not mean that Summit has custody. Custody means that we have possession of your funds. Fidelity maintains custody. Discretion simply means that we are able to make trades on your behalf.