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(1). A nice way of describing clients who’re not that rich.
“Look, Jim … we’re not really targeting the mass affluent here. We’d much rather compete with everyone else for the same 400 or so ultra-high-net-worth clients … hopefully score one or two and then retire before they inevitably get bored with us and move on.”
(1). To endlessly add things to your records in an attempt to avoid liability (see CYA).
“Yeah, I have no idea what we should do, so let’s just paper the file so it looks like we made a thoughtful decision and bury the issue in a committee meeting somewhere.”
(1). To keep mentioning the same thing over and over during a meeting or call.
“Now, I don’t want to make glue out of the same dead horse, but we really need to consider whether we should be allowing Ned to talk to clients anymore…he seems to keep telling them how great our competitors are….”
