Paul Vorstadt has served the Toronto area as a financial expert for more than two decades. Paul Vorstadt serves National Bank Financial as a discretionary portfolio manager.
Discretionary portfolio managers are financial investors who oversee the daily activities necessary for strategic investment. Because they can make buy and sell decisions without consulting their clients on each individual investment, they enjoy a great deal of freedom and flexibility, though they are still bound by their clients’ predetermined investment guidelines.
Unlike stockbrokers, who only act on direct orders from the client, discretionary portfolio managers can make real-time decisions should an appropriate opportunity present itself. For example, they can assist individuals who have suddenly come into a large amount of capital that they wish to invest over a long period of time rather than deposit into an ordinary savings account.
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