QUALIFIED PROFESSIONAL ASSET MANAGER - QPAM
The Employee Retirement Income Security Act or ERISA defines the criteria for a qualified QPAM. Insurance companies and banks that are related may qualify as a QPAM. A QPAM is also described as a registered investment consultant with client assets under management of at least $85 million, and shareholders' or partners' equity in excess of $1 million. This is under amendments which took effect in August 2005.
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Capital Accumulation
This talks about the earnings that a firm uses to raise its capital base. Capital accumulation includes gaining additional assets that can be used ...
Defined-Contribution Plan
A retirement plan where the percentage of money is set aside each year by the company for the benefit of their employees. There are restrictions as ...
Unscheduled Recast
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Recompense
The act of giving a target person or entity some form of monetary benefit as a result of performing some action or some action happening to the tar ...
Tortoise Rally
Slow and steady appreciation of market prices through time. This is more beneficial to long-term retail investors since they enjoy steady gains fro ...
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