Reference
Advisor Glossary
Key terms used in income-focused advisory practices — from portfolio structure to dividend analytics.
Assets Under Management (AUM)The total market value of investments that a financial advisor or firm manages on behalf of clients.Fee-Only AdvisorA financial advisor who is compensated solely by client fees and does not earn commissions from product sales.Registered Investment Advisor (RIA)A firm or individual registered with the SEC or a state regulator to provide investment advice for compensation.Turnkey Asset Management Platform (TAMP)A third-party platform that provides investment management services — including model portfolios, trading, and reporting — to financial advisors.Model PortfolioA pre-built investment portfolio that an advisor can apply to multiple client accounts based on a shared risk profile or objective.Separately Managed Account (SMA)An investment portfolio managed directly in a client's name, with the client holding individual securities rather than fund shares.Unified Managed Account (UMA)A single investment account that holds multiple investment strategies — such as SMAs, mutual funds, and ETFs — managed holistically.CustodianA financial institution that holds client assets in custody and executes trades on behalf of an advisory firm.Portfolio RebalancingThe process of realigning portfolio weightings to target allocations by buying or selling holdings.Dividend Safety ScoreA 0–10 rating that assesses the likelihood that a company will maintain or grow its dividend over the next 12 months.