An investment firm's approved list is generally set by its

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An investment firm's approved list is typically determined by its investment committee, which is composed of key decision-makers who establish investment policies and strategies. The committee is responsible for conducting due diligence on potential investments and selecting those that meet the firm's standards and objectives. While the CEO and portfolio managers might have input into the approved list, the investment committee has the final say. Brokers, on the other hand, typically do not have a role in shaping the firm's approved list but may make recommendations based on it.

An Investment Firm's Approved List Is Generally Set by Its