Wealth Management Glossary

Confused about financial jargon? Use our jargon buster to get a plain explanation of industry terms.

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FATCA
The Foreign Account Tax Compliance Act is a 2010 United States federal law tax law that compels US citizens at home and abroad to file annual reports on any foreign account holdings.

Financial Services Authority (FSA)
The FSA is an independent non-government body who are the regulators for all providers of financial services in the United Kingdom. More information can be found at www.fsa.gov.uk

Fixed Income Fund
A fund that invests primarily in bonds and other fixed income securities, often to provide shareholders with current income.

Fixed Income Securities
Investments with specified payment dates and amounts, primarily bonds that pay interest.