Goldring launched the Discretionary account service in 2023, with the first account opened in October, in line with data offered by the company.
The service was launched as a premium service exclusively for a selection of 45 clients. The minimum amount to be invested in BSE Discretionary accounts is RON100,000.
Clients using the service have an average portfolio value of around RON225,000.
The management also aims to grow from 200 customers at the end of this year to more than 500 customers with Discretionary accounts by the end of 2025, representing more than 10% of the company’s customer base.
“(…) Discretionary accounts are premium accounts that allow the delegation of investment decisions to experts, thus providing a way to access market opportunities without requiring significant time on the part of the investor. Other factors were the increased demand for customized solutions, the desire to offer access to very good returns and the possibility for clients to more easily understand the market by following the strategy we propose”, said Nicolae Tudor, Head of Sales and Trading at Goldring.
Goldring’s most common clients for Discretionary accounts are entrepreneurs, top executives and self-employed individuals (lawyers, doctors, consultants), as well as people who want to invest their savings without having to spend time learning about the field.
Another category of clients are experienced investors who already have knowledge and practice in the investment field but want to diversify their portfolios. With Discretionary accounts, they can delegate investment decisions to optimize returns and agility in redistributing risk in the event of a major market correction.
“Customers have permanent access to the situation of their accounts via the mobile app or the web platform, thus being able to monitor the performance of their investments in real time. They are also holding shares, which means that investors will also receive their dividends in their Discretionary account”, explained Dragoș Mesaroș, Investment Director at Goldring.