Glossary · product
Advisory Mandate
Also known as: advisory portfolio, execution-only
- Definition
- An advisory mandate keeps investment decisions with the client — the bank or adviser recommends but the client approves each trade. Distinct from a discretionary mandate.
Advisory mandates suit clients who want to retain investment-decision control while leveraging the bank or adviser's research and execution. Pricing is typically transaction-based plus a smaller advisory retainer. Some banks offer hybrid mandates that combine a discretionary core with an advisory satellite.
Source: Industry standard product
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