BLOG
(1). Ongoing client relationship management. The term is generally used to describe the absolute smallest amount of work you think you can do to avoid the client firing you.
“Now that the client’s accounts are all in and invested, it should really just be down to basic care and feeding at this point. As I always say – Get ’em in, get ’em invested, then see you in January!”
(1). Something completely overblown that’s really not a big deal at all.
(2). Something Jamie Dimon really wishes he never said.
“Now Legal wants to get involved with this? That’s ridiculous! This is just a tempest in a teapot. So what if we lost millions of client dollars by betting it all on the pass line! That’s why they call it gambl…investing, isn’t it?!”
(1). In finance, an expression used in client meetings to (1) dissuade a client from making or avoiding investment changes purely to avoid (or incur) capital gains taxes, and (2) allow the speaker to show the client how witty he is, while throughly enjoying the sound of his own voice.
“Well, you know what they say, “don’t let the tax tail wag the investment dog“. Am I right or am I right? This guy knows what I’m talking about!”
