BaldwinClarke, Author at Independent Wealth + Business Advisory | BaldwinClarke

Author: BaldwinClarke

#Finterms: Assets Under Management (AUM)

Assets Under Management (AUM) refers to the total market value of investments managed by a financial institution, such as a mutual fund, hedge fund, or investment management firm.

#Finterms: Federal Deficit

A federal deficit occurs when spending exceeds revenue. Federal spending supports Social Security, Medicare, military defense, and countless other programs. Federal revenues largely come from taxes.

The X-Date is the day the federal government can no longer pay its bills. This is a point-in-time prediction based on the Treasury’s current cash holdings and expected revenue streams. Failure to meet debt payments results in default. Such an unprecedented event would have far-reaching consequences.

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Wealth Management Services are offered through Baldwin & Clarke Advisory Services, LLC (BCAS). BCAS is a Registered Investment Adviser with the United States Securities and Exchange Commission (SEC). BCAS’ Form CRS and other disclosure documents can be found here. The information in this website has not been approved or verified by the SEC, or by any state securities authority. Additional information about BCAS is available on the SEC’s website at: www.adviserinfo.sec.gov, using CRD #105666.

Registration does not imply a certain level of skill or training.

Categories

#Finterms: Assets Under Management (AUM)

#Finterms: Federal Deficit

#Finterms: X-Date