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Dazed and confused by the wealth management lexicon and taxonomy

Ian Orton, 26/04/2021

The claim that the UK and US are two countries divided by a common language should evoke empathy from anyone employed in the wealth management sector.

For wealth management has plenty of lexicographical problems of its own. Instead of promoting division, however, more often than not these tend to cause confusion for all concerned.

Take some of the basic terms associated with the sector, such as “private banking” and “wealth management”, for example. Both can be consid...


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