Toimeksiantovarainhoito

Toimeksiantovarainhoito, also known as discretionary asset management or investment management, is a service where a financial institution or a professional asset manager is entrusted to manage a client's investment portfolio on their behalf. The client grants the manager the authority to make investment decisions, such as buying and selling securities, without requiring prior approval for each transaction. This is in contrast to non-discretionary management, where the client must approve every investment decision.

The core of toimeksiantovarainhoito lies in the agency relationship between the client and the manager. The manager acts as an agent, bound by fiduciary duties to act in the client's best interests. This involves understanding the client's financial goals, risk tolerance, time horizon, and any specific investment preferences or restrictions. Based on this understanding, the manager develops and implements an investment strategy tailored to the client's unique needs.

Toimeksiantovarainhoito services are typically offered to high-net-worth individuals, institutional investors, and other clients who may lack the time, expertise, or desire to manage their own investments actively. The fees for these services are usually based on a percentage of the assets under management. The advantages include professional expertise, personalized strategies, potential for better risk-adjusted returns, and time savings for the client. However, it also involves relinquishing direct control over investment decisions and incurring management fees. The selection of a suitable asset manager is crucial, and clients should thoroughly research potential providers and understand the terms of their agreement.