If I delegated investment advisor for my bank investment, what does that mean? Is he going to have power over my money and my account, without coming to me each and every time to obtain my approval? How much is his power over my account, and is it limited?
Answers:
You need to literally spell it out on the agreement. You can legally limit what your banker can or can not do on your behalf. . .
depends on what the contract says and what type of an account it is.
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