(1). In finance, to sell investments that have appreciated quickly in an attempt to lock in profits. The phrase is used by financial advisors when speaking with clients to provide them with a sense of accomplishment that will; 1 lead to their approval, and 2 allow the advisor to gloss over the poor performance of other investments in the portfolio.
(1). When you sit down with a stockbroker to see if you can glom onto his book of business (or … ahem! … “look for potential synergies“).
“So, I went through a little hand-to-hand combat with Ken and I think we were able to identify a couple of accounts where we could be helpful. He wants us to do it at no charge, of course, which may be a bit of a challenge.”