Five books.
~46 service lines across five recorded functions — the complete register of investment work the firm performs. Expand a function for its line items.
Positions taken as principal — the firm's own capital at risk in securities speculation, royalties, tax liens, mortgages, venture capital, viatical settlements and pooled investment clubs.
Customized advice where the client pays the fee — financial planning, investment counseling and advisory services, priced openly and agreed in writing.
Managed money — mutual funds, pension funds, private equity, portfolio funds and personal investment trusts run under a written mandate.
The fiduciary side — estate administration, bank trust offices, non-real-estate escrow and fiduciary agencies, securities custody and non-depository trust services.
The plumbing of markets — clearinghouses, transfer agencies, quotation services, crowdfunding platforms, lease brokerage and securities-holders' protective services.
How each function
is recorded.
The mandate,
opened on file.
Describe the asset, the objective and the constraints — the house responds with a written mandate proposal.
Open a mandate