Definitions for "Discretionary account"
Keywords:  advisor, behalf, brokerage, broker, buy
Accounts over which an individual or organization, other than the person in whose name the account is carried, exercises trading authority or control.
An account in which the broker can use his or her discretion to buy or sell stock on behalf of the customer.
An account in which the customer authorizes another person to make full trading decisions.
Keywords:  divergence, order
discretionary order divergence
Your stockbroker or financial adviser can make investment decisions without necessarily consulting you