Large capital can be managed by a third party, such as a Bank or an Asset Manager. This involves capital from one million, because a well spread portfolio is easier and safer to realise.
The Asset Manager captures the specific requirements of the client and the risk that he is willing to take in a mandate. The Asset Manager then manages the portfolio of the client based on the mandate and takes the final investment decisions, without asking permission for each transaction.
Most of the time, retention of the capital is the aim here, but if a client likes to take on more risk, growth of the capital might be the goal. The capital can be divided between Stocks, Property and Hedge Funds. Risk management will always come first, considering the client comes to the asset manager in the first place to retain their capital, not necessarily to let it grow.