- The accumulation phase refers to the period of a person’s life during which he saves money for retirement.
- Cross selling is the practice of marketing additional products to existing customers, often practiced in the financial services industry.
- Family offices provide a wide range of wealth management services to one or a small number of ultra-high income families.
- A full transfer of rights occurs when the funds contributed by the other party become fully available to the beneficiary recipient.
- Purpose investing focuses on achieving life goals.
- An unaccredited investor is any investor who does not meet the income or net worth requirements of the Securities and Exchange Commission (SEC).
- Private banking is an enhanced offering for high net worth private clients (HNWI) of a financial institution.
- The fence in finance is a defensive move to separate some assets from the whole.
- Risk aversion is the tendency to avoid risk and have low risk tolerance.
- A Unified Managed Account (UMA) is a private investment account that can include various investments such as mutual funds, stocks and bonds.