(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
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.”
Ivory Tower
(1). A magical place where lawyers dwell in which all situations have logical explanations and the real world is not permitted to distract from their pure, academic, legal analysis.