What is one pro of aggregating client trade orders?

Aggregating client trade orders offers the advantage of improved price and transaction costs for clients. When trade orders for multiple clients are combined, it often allows for larger orders that can be executed at more favorable prices. This is because larger trades can benefit from economies of scale, frequently resulting in lower costs per unit of the security being traded. Additionally, aggregating orders can increase the likelihood of executing trades at better prices by allowing an investment adviser to negotiate prices that are more competitive with brokers due to the larger volume involved. Consequently, this practice can lead to enhanced overall value for clients, making it a beneficial strategy in the portfolio management process.

The other options highlight aspects typically seen as disadvantages, such as potential conflicts, delays in execution, and reduced transparency, which are not advantages of aggregating trade orders.