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What is limit of power?

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Anonymous

10y ago
Updated: 7/10/2022

An authorization form used in the professional money management field which gives a portfolio manager discretion to perform certain functions in a client's account, such as:

- trading authorization,

- disbursement authority,

- fee-payment authority and

- have forms sent straight to broker, such as proxy statements, tender offers, etc.

The "limited" in LPOA refers to the fact that certain critical account functions are still only available to the account holder, such as cash withdrawals, a change of beneficiary or other major account actions.

Source: answers.com

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Jaiden Schiller

Lvl 13
3y ago

What else can I help you with?