Wealth Management
The person who typically leads a wealth management team and has the ability to make financial recommendations
Financial Advisor
The card used for everyday transactions that is linked directly to your bank account
Debit Card
What were the 3 main goals in Travis and Taylor's financial plan?
Wedding, vacation home in Hawaii, kids college fund
You might own this if you want to be a shareholder in a public company
Stock
This is how we refer to the people we manage money for (hint: it's not customer)
Clients
This is the account type that most clients use for day to day banking needs. They typically also have their paycheck or Social Security deposited here
Checking account
This is a guideline someone might set for themselves which helps to track how much they spend in a given time period
A budget
The 4 asset allocation "buckets"
Equities, fixed income, cash/cash equivalents, alternatives
What are the 3 main areas our PWM team supports our clients (hint: they were the first three sessions of the internship :) )
Investment management, banking and lending, financial planning
This is the type of loan people use to purchase a house
Mortgage
When modeling financial plans, we make sure to include this in the calculation, which is the rate at which the overall cost of things increase over time
Inflation rate
Interest payment / coupon payment
In what way does the client "pay" our team to manage their wealth?
Advisory fee
This is the type of loan that uses your investments as pledged collateral
Securities Backed Loan / Liquidity Access Line
This is a target range showing how likely someone is to achieve their financial goals, we typically like to see this number above 70%
Confidence zone
This word describes how wildly and quickly an investment's value might fluctuate
Volatility