Discretionary Boundary Assessment
Targeted testing of discretionary trades against investment policy boundaries in wealth management applications.
Discretionary authority is only as clear as the paper that grants it. We sample trades against IPS limits, concentration rules, and product restrictions, then document where overrides were approved — or where approvals are missing.
This assessment suits desks that have grown quickly, inherited books from another team, or recently revised mandate templates. Findings stay practical: which boundaries need sharper wording, and which controls need a named approver.