Discretionary Management

Trustees have two major options for the management of assets. Trustees can chose to make all the investment decisions themselves, with or without the help of a consultant. Alternately, trustees can properly delegate that decision-making to a third party. Heintzberger | Payne Advisors can fill either role (i.e. that of consultant or investment manager) on behalf of the client.

With discretionary management, trustees need only review the decisions made by Heintzberger | Payne Advisors—with the benefit of 20/20 hindsight—rather than make investment decisions themselves.

In a consulting capacity, Heintzberger | Payne Advisors can make recommendations about a course of action and provide due diligence data on recommended investment alternatives, but the trustee is ultimately the decision maker. However, in our capacity as a discretionary manager, Heintzberger | Payne Advisors makes these decisions without prior approval of the trustees but within the constraints of authority delineated with a Statement of Investment Policy.