Limited Power Of Attorney - LPOA


Limited Power Of Attorney - LPOA
An authorization form used in the professional money management field which gives a portfolio manager discretion to perform certain functions in a client's account, such as:

- trading authorization,
- disbursement authority,
- fee-payment authority and
- have forms sent straight to broker, such as proxy statements, tender offers, etc.

The "limited" in LPOA refers to the fact that certain critical account functions are still only available to the account holder, such as cash withdrawals, a change of beneficiary or other major account actions.

LPOA authorizations have grown rapidly in the past decade as many investors move their accounts from standard brokerage firms to boutique money management firms (such as RIAs). LPOAs allow the manager to execute their investment strategy for the client without constantly having to contact the client to approve the order prior to execution.


Investment dictionary. . 2012.

Look at other dictionaries:

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  • attorney — at·tor·ney /ə tər nē/ n pl neys [Anglo French atorné legal representative, from past participle of atorner to designate, appoint, from Old French, to prepare, arrange see attorn]: a person authorized to act on another s behalf; esp: lawyer see… …   Law dictionary

  • power of appointment — power of appointment: a power granted under a deed or will authorizing the donee to dispose of an estate in a specified manner for the benefit of the donee or of others general power of appointment: a power of appointment which the donee may… …   Law dictionary


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