Mrs. Abramson, 25, is a senior associate for client account management, financial tracking and strategic planning at the Glover Park Group, a lobbying and communications firm in Washington.
He said his firm did not use high-yield for clients' accounts because "if people lose principal on a bond, it's like their children have been kidnapped".
Prior to Amplifi, Jenn spent over a decade working for media agencies MEC and Mediavest, leading planning and strategy activity for a range of client accounts.
Just who qualifies as mass affluent varies by bank, with JPMorgan Chase's minimum for Private Client accounts generally at $500,000, although executives say customers with less can also qualify.
My stockbroker executes trades for the private client accounts of a nationally known and highly successful mutual-fund manager.
The Justice Department wrung a $780 million fine out of UBS, as well as details for several thousand client accounts, after a whistle-blower told the I.R.S. how the bank had been helping wealthy Americans hide assets offshore.
Finally, the bootstrap process that sees the installation of the Chef client accounts for 10% of the runtime and the other phases tally for the remaining 30%.
While no one client accounts for a huge percentage of Andersen's $4.9 billion in annual revenue, the loss of several hundred million dollars in revenue will affect partner compensation, said someone informed of the finances of big accounting firms.
While the relationship between the two is believed to be strong, whenever one client accounts for such a large percentage of revenue, investors need to pay heed to the situation.
Some employees went so far as to raid client accounts for money to open additional accounts, the suit alleges.
