Learn about the two primary approaches in asset management ? discretionary and non-discretionary. Discover how each strategy works, their advantages, and how to choose the best fit for your investment goals. Asset management plays a crucial role in the financial world, allowing individuals and institutions to grow and protect their wealth effectively. However, within the realm of asset management, there are two distinct approaches: discretionary and non-discretionary. Both methods have their unique characteristics and are tailored to cater to different investor needs and preferences.