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A discretionary account: Multiple Choice authorizes a broker to trade securities on your behalf. charges an annual fee to cover all trading and management services.

A discretionary account:

Multiple Choice

authorizes a broker to trade securities on your behalf.

charges an annual fee to cover all trading and management services.

is the term applied to brokerage accounts with check

-

writing and credit card services.

is the same as a wrap account.

is the account used to pledge securities as collateral for a margin loan.

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