An aggregator is a firm that collates and presents information about an individual's bank accounts, investments, insurance policies, and other financial data, enabling the person to manage their financial affairs through a single platform.
A specialized division within a bank engaged in settling estates, administering trusts and guardianships, and performing various agency services, known for a conservative investment philosophy.
Bed and Breakfasting refers to a tax strategy where a shareholder sells a holding and buys it back the next day to realize a loss for tax purposes. However, legislative changes have rendered this practice obsolete for shares due to stricter time requirements.
Book-entry securities are securities that exist only as electronic records and do not have a physical certificate, facilitating efficient trading and ownership transfer.
The Chartered Financial Analyst (CFA) designation is a professional credential offered by the CFA Institute. Widely regarded as the gold standard in the field of investment management, the CFA program covers a broad range of topics including equity analysis, fixed-income analysis, portfolio management, and ethical and professional standards.
The Chartered Financial Analyst (CFA) designation is a globally recognized credential granted by the CFA Institute to investment and finance professionals who have demonstrated competence and integrity in their field.
A family of funds refers to a group of mutual funds managed by the same investment management company, each with different investment objectives and the ability to switch investments among the funds.
The branch of financial economics that is concerned with questions of business funding and the management of a business in the interests of shareholders, ensuring effective allocation of resources and maximizing shareholder value.
A funded retirement plan is a type of retirement savings arrangement where contributions are made to a dedicated fund to provide future retirement benefits.
An Investment Advisory Service is a professional service providing personalized investment advice and financial planning in exchange for a fee. Investment advisers must register with the Securities and Exchange Commission (SEC) and comply with the Investment Advisers Act.
Investment Management involves the selection and overseeing of various financial assets to meet specified investment goals for the benefit of investors.
A limited (special) partner in a limited partnership is a part owner whose liability is restricted to the amount they have invested and typically has limited involvement in the management of the business.
An investment account consisting of money that one or more clients entrust to a manager, who decides when and where to invest it. Such an account may be handled by a bank trust department or by an investment advisory firm.
A performance fee is a form of compensation structure for investment management services based on the fund’s positive performance over a specified period. It aligns the interests of the investor and the fund manager.
In the world of finance, a portfolio refers to the collection of investments held by an individual or institution. This diversified set of holdings could include stocks, bonds, commodities, real estate, and other assets.
Portfolio insurance, also known as portfolio protection, involves using financial futures and options markets to safeguard a portfolio's value against market downturns.
A professional responsible for managing the securities portfolio of an individual or institutional investor, ensuring alignment with the client's financial goals and risk appetite.
An essential concept in investment management suggesting that the potential return on any investment rises with an increase in risk. In practice, higher-risk investments generally offer greater potential returns, and vice versa.
A Self-Directed IRA is an Individual Retirement Account that allows the account holder to actively manage and make investment decisions, distinguishing it from standard IRAs managed by institutions.
Soft dollars refer to a type of payment method used primarily in the financial industry, particularly in the context of brokerage and investment management services. This non-cash compensation allows investors to pay for services using commissions generated from trading activities.
A syndicator is a person or organization responsible for selling investments in shares or units within a syndicate.
A transfer agent is an individual or firm responsible for maintaining records of a corporation’s shareholders, including names, addresses, and the number of shares owned. They handle the issuance and cancellation of stock certificates when shares are bought or sold.
A trust company is an organization, often associated with a commercial bank, that acts as a trustee, fiduciary, or agent for individuals or businesses in managing various trust-related services.
UCITS are a popular investment structure within the European Union that allows for a single authorization from one EU member state to market the investment product throughout the EU. UCITS are mainly mutual funds and investment trusts that adhere to strict regulatory standards to protect investors.
An investment fund that pools resources from multiple investors to purchase a diversified portfolio of securities, managed either as an actively traded or static investment portfolio.
Unwinding a trade involves reversing a securities transaction through an offsetting transaction, typically to close out a position by selling or buying back the corresponding amounts of the security originally traded.
The practice of offering high net-worth individuals investment management, financial advice, and estate and tax-planning services as a unified professional service.
