Account managers are the point of contact and liaison between a business and its clients. An account manager is assigned to specific accounts to maintain the customer relationship, provide service, and to ensure that the customer remains client.
It is easier and more cost-effective to preserve a long-term relationship with a client and to get their repeat business than to find new clients. This is especially true when the client is a business entity and their business constitutes a significant portion of overall Revenue.
The account manager in charge of a business account must remain in constant contact through the use of various communication media and in-person visits. Saying up to speed with developments in the client’s industry and keeping the client aware of products, services, and deals that may be available to them will be essential to keeping a good rapport with a client and locking out the competition.
There may be a new competitor trying to earn a client's business on a daily or weekly basis, so it is essential that they feel taken-care-of. Account managers in the financial services industry may help a bank or advisory firm keep up with life-changes and ensure satisfaction for a vast clientèle.
Bonds can provide consistency and balance to a portfolio otherwise comprised of stocks. In the long run, stocks are...
A covered call is when the writer or seller of a call option either owns the underlying security, or has a guarantee
A bear call spread seeks to make money on the sale of call options but does not believe the underlying security will increase
The Wilshire 5000 is a cap-weighted index and it can be considered the broadest index of all U.S. equity markets
The Positive Volume Index track increases in trade volume for an index or security and the changes in price on those days
Standard Deviation is a measurement of how far from the average (mean) the majority of a data set lies
To accept a risk is to bear the burden of loss or replacement if an eventuality occurs that causes an asset to lose value
An investment center is an almost autonomous division of a company whose purpose is to generate returns on invested money
Mining is the act of letting one’s computer run what’s known as the “hash function” over and over and over in an attempt to crack the codes on the blocks that need validation
The Arms Index is also called the Trin (short for “Trading Index”) because it seeks to indicate overbought or oversold conditions by serving as an index of trading activity