Glossary of wealth management terms

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

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Retail Fund
Retail funds are traded on the open market and target the investing interests of individual investors. Closed-end mutual funds and exchange-traded funds are the two most common types of retail funds.

Retail Share Classes
This is an online service offered by a financial intermediary that allows investments to be bought and sold online.