SERVICES

Actuary
Professional who advises on financial issues relating to risk, probabilities, and mortality, most frequently in relation to the financing of pension plans and insurance companies.
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Annuity
A series of payments of set size and frequency, often to a retired person.
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Asset Study
Provision of advice on the choice of asset classes.
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Commission recapture
A service to collect a pension plan’s rebate resulting from brokerage transactions incurred through the pension plan’s investment managers. The rebate represents the portion of the commission that relates to broker’s research (bundled with execution charges).
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Consultant
Provision of advice on an aspect of money management, often the choice of asset classes or the selection of an asset manager.
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Custody Services
Service to take legal responsibility for the assets of another entity, usually holding securities on behalf of asset managers and pension funds.
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Education/Advice
When referring to defined contribution plans, investing instruction offered to plan participants.
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Record Keeper
When referring to defined contribution plans, a company that manages a plan’s accounting from contributions, liquidations and appreciation.
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Securities Lending
Service to manage the lending of a fund sponsors securities to earn enhanced returns on the security through finance charges.
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Self-Directed Brokerage
When referring to defined contribution plans, a service that allows plan participants to invest in individual stocks via their plan.
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Transition Management
Service to manage the asset transfer from one asset manager to another, for example when an asset manager is replaced.
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