(1). A reward for reaching a client’s goals which is usually a gift certificate to your local Olive Garden or Applebees. While you can get a steak at both of these establishments, we wouldn’t recommend it.
Steak Lunch
RANDOM LINGO
Wonk
(1). A derogatory way to describe a politician who might actually know what he’s talking about.
“Well, I don’t think the Congressman is going to impress in tonight’s debate. He’s a bit of a budget wonk and what Americans really care about is style!”
Mass Affluent
(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.”