WEALTH MANAGEMENT GLOSSARY

S Corporation

SLMA

Sallie Mae

Secondary Market

Secular Trust

Settlement Date

Settlor

Share

Short-Term Reserves

Special Power Of Appointment

Speculation

Stock Power

Stock Split

Stock Transfer Agent

Street Name

Student Loan Marketing Association

Successor Trustee Or Executor

Systematic Risk

A method of registering the name of a security so that the broker and not the owner is shown as recipient of dividends, interest, and so forth. This method of registration—which does not affect ownership—simplifies financial processing and trades. The trust industry uses a similar process called Nominee Name.