Advisory mandate
Under an advisory mandate, the provider analyses the portfolio and proposes investments, but every buy or sell decision stays with the client. Depending on the contract, advice covers single transactions or the whole portfolio; in the latter case FinSA requires a suitability check against the client's whole situation. It differs from a discretionary mandate, where the manager decides within the agreed framework.
See also
In the directory: Independent asset managers in Geneva · Private banks in Geneva · Family offices in Geneva