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TAMP (Turnkey Asset Management Platform)
A turnkey asset management program (TAMP) offers a fee-account technology platform that financial advisers (RIAs) can use to oversee their clients’ investment accounts. Turnkey asset management programs (TAMP) free up these professionals’ time to focus on providing clients with service in their areas of expertise, which may not include asset management tasks like investment research and portfolio allocation. TAMPs also handle account administration, billing, and reporting. Essentially, TAMPs let... -
Tax Loss Harvesting
The sale of securities at a loss to for tax purposes, or to offset realized capital gains of winning securities while simultaneously reinvesting the proceeds into securities with a like-kind or highly correlated security to maintain the same or similar market exposure. -
Thematic
Top-down investment approach with a focus on broader, macroeconomic themes that a fund manager can use to identify strong companies. (Source: The Financial Times) -
Third-Party Strategist
The increasing popularity of ETFs has given rise to a new type of asset manager: the ETF Investment Strategist. These specialists bring deep knowledge of ETF portfolio construction and trading experience to the marketplace, and the use of their expertise is growing (Source: iShares by Blackrock website). -
TIPS (Treasury Inflation Protected Securities)
TIPS are U.S. government debt indexed to inflation. The principal of a TIPS either increases with inflation or decreases with deflation, as measured by the Consumer Price Index. At maturity you are paid the adjusted principal or original principal, whichever is greater. TIPS pay interest twice a year, at a fixed rate. The rate is applied to the adjusted principal; so, like the principal, interest payments rise with inflation... -
Transparency
Transparencyis a measure of how much information you have about the markets where you invest, the corporations whose stocks or bonds you buy, or the mutual funds or other investments you select. For example, in order to achieve maximum transparency in US markets, the Securities and Exchange Commission (SEC) requires corporations to disclose all information that might have an impact on their financial status so that investors can make... -
Trustee
A trustee is a person or institution appointed to manage assets for someone else’s benefit. For example, a trustee may be responsible for money you have transferred to a trust, or money in certain retirement accounts. Trustees are entitled to collect a fee for their work, often a percentage of the value of the amount in trust. In turn, they are responsible for managing the assets in the best... -
Turnover
Turnover or Turnover Ratio is a measure of the fund’s trading activity which is computed by taking the lesser of purchases or sales (excluding all securities with maturities of less than one year) and dividing by average monthly net assets. A turnover ratio of 100% or more does not necessarily suggest that all securities in the portfolio have been traded. In practical terms, the resulting percentage loosely represents the... -
Unified Managed Account
A professionally managed private investment account that is rebalanced regularly and can encompass every investment vehicle (e.g. mutual funds, stocks, bonds and exchange traded funds) in an investor’s portfolio, all in a single account. The unified managed account is an evolution of the separate account, which is similar in that it is a professionally managed account which is rebalanced often but only contains one type of investment instrument (such...
