Glossary of wealth management terms

Confused about financial jargon? Use our jargon buster to get a plain explanation of industry terms.




Tactical asset allocation (TAA)
is an active management portfolio strategy that actively adjusts a portfolio's asset allocation where three primary asset classes (stocks, bonds and cash) are actively balanced and adjusted.

Tax Information Exchange Agreement
An agreement signed by two countries to establish an official system for the exchange of information relating to taxes. Information is only provided if there is a proper request submitted.

Tax Liability
The total amount of tax that an investor is legally obligated to pay on investment earnings.

An arrangement that empowers one or more people (trustees) to safeguard and administer the assets such as property and money of another person or persons (beneficiaries).

An individual (or business) which holds or manages assets for the benefit of the beneficiaries.