(1). The lion’s share of a wealth manager’s job. Rich people can be very needy at times.
“Yeah, the meeting went fine. These folks need a lot of hand holding, you know? Hey, as long as they keep paying those fees, right?”
Hand Holding
RANDOM LINGO
Aggressive
(1). To be a little too ambitious or solicitous, usually when trying to land a new client (see prospect).
“Umm, Nick…isn’t saying we’re able to handle over 200,000 transactions a day a bit aggressive? I mean, it’s just you and me here and you can barely type.”
Investment Professional
(1). Stock broker.
“Okay, guys … we really want to start targeting high-net worth individuals this year. So, we’re going to start calling you ‘investment professionals‘ to show you do more than push product. That said, keep pushing product.”