Barclays Securities

Portfolio Management Service (PMS) is an active portfolio management offering in which the portfolio is constructed as per the investment objectives and constraints specified by the client. The client has access to the services of a professional investment manager. In discretionary PMS, the clients' funds are managed by the portfolio manager who is responsible for security selection and executing investment decisions. Non-discretionary PMS is a consultative investment approach wherein the portfolio manager suggests investment ideas. The choice and timing for investment rests with the investor while the execution of the investment decision is done by the portfolio manager.