Idle funds are funds that are not currently being used for any purpose. They may be held in a savings account, cash account, or other type of investment account. Idle funds are often earn interest, but they are not actively being used to generate income or grow in value. Which investment is not made by … Read more
A receiver definition is a legal document that defines the powers and duties of a receiver appointed by a court to manage the affairs of a company or individual. The receiver definition will set out the scope of the receiver’s authority, and will usually specify that the receiver is charged with taking control of the … Read more
Goal-based investing is an investment strategy that focuses on achieving specific financial goals, such as saving for retirement or funding a child’s education. Investors work with a financial advisor to create a personalized investment plan that takes into account their unique circumstances and goals. The plan is designed to help investors reach their goals within … Read more
An investor who does not meet the requirements to be considered an accredited investor as defined by the Securities and Exchange Commission (SEC). Non-accredited investors generally have a lower net worth and/or income than accredited investors. For this reason, they are typically not able to invest in certain types of securities, such as hedge funds, … Read more
A financial power of attorney is a legal document that gives someone else the authority to manage your finances on your behalf. This can include tasks like paying bills, managing bank accounts, and investing your money. A financial power of attorney can be a helpful tool if you become incapacitated and are unable to manage … Read more
A Unified Managed Account (UMA) is an investment account that is managed by a financial advisor and includes a variety of investment vehicles, including stocks, bonds, mutual funds, and exchange-traded funds (ETFs). The advisor creates a portfolio that is customized to the investor’s risk tolerance and investment goals. The benefits of investing in a UMA … Read more
How the 1% Handles Money: Private Banking Whats is Webbanking? Webbanking is the ability to manage one’s finances and banking transactions online. It is a convenient way to keep track of one’s spending, check balances, and transfer funds between accounts. It can also be used to pay bills online. What is the difference between investment … Read more
A family office is a private wealth management firm that provides financial and investment services to a single family. The term “family office” can also refer to the actual physical office where these services are provided. Family offices can be either internal (operated by family members) or external (operated by professional wealth managers). The main … Read more
Risk Averse: What It Means Risk aversion is a term used in economics to describe the behavior of people who, when faced with two choices with different risks, prefer the choice with the lower risk. Why is risk-averse important? Risk aversion is important for wealth management because it helps investors make decisions that protect their … Read more
