A discretionary account allows a financial advisor or portfolio manager to make investment decisions for the account holder. This type of account suits investors who prefer not to manage their ...

Mutual fund companies in China are hoping the government will allow them to open discretionary accounts for institutional investors to help jump-start the stagnating industry, Finance Asia reports.

Sen. Wes Kitchens, R-Arab (right) speaks with Jess Skaggs, chief of staff to Lt. Gov. Will Ainsworth (left) and Sen. Keith Kelley, R-Anniston (center) on the floor of the Alabama Senate on April 8, ...

On Saturday, June 3, President Biden signed into law the Fiscal Responsibility Act of 2023 (H.R. 3746; the “Act”). In addition to suspending the debt limit through January 1, 2025, the Act implements ...

CLEVELAND, Ohio – As Cleveland City Council considers whether it wants to give its 17 members more tax dollars to directly control, council on Monday voted to drastically loosen the rules around how ...

Cleveland’s just-completed budget process featured an ill-advised cash grab by all 17 members of City Council who wanted more discretionary dollars to spread around their wards as they see fit -- much ...

Broward’s government watchdog, tasked to snuff out ethics violations, this year took an interest in learning more about Lauderhill’s use of taxpayer funds for discretionary and travel expenses, among ...

A $7,000 billboard thanking the former JCPS superintendent was purchased using funds from a discretionary account tied to a $20 million donation. JCPS board members were unaware of the account's ...

JCPS board members were unaware of a discretionary fund, originating from a $20 million donation by MacKenzie Scott, used for purchases without board approval. The fund, managed by the Jefferson ...