A Discretionary Account is an investment account that allows an authorized broker to buy and sell securities without the client's consent for each trade. This type of account is beneficial because it gives the investor more freedom to make trades without having to contact their broker every time. Additionally, a discretionary account typically has a lower commission rate than other types of accounts.There are some risks associated with using a discretionary account.For example, if the market takes a downturn and your investments lose value, you may not be able to sell them until the market rebounds. Additionally, if your broker makes poor investment choices on your behalf, you could lose money.Overall, I think that using a discretionary account is a good way to invest in securities. It gives you more freedom over your investments and typically has lower commission rates than other types of accounts.
