(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
Ownership
(1). Something everyone expects and no one takes.
“Hey Steve … thanks for taking ownership of this project. Now, if you wouldn’t mind doing a little work on it as well, that would be great.”
Production
(1). A way to refer to a company’s sales force as a collective group without actually using the word “sales”.
(2). An operations term referring to a document or application that is being prepared for release.
“For a change of pace, this year the company is going to focus its hiring and compensation in the production area of the business.”