Portfolio Management Service (PMS): What It Is and How It Works
Warren Team
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Key terms
- PortfolioA collection of financial investments like stocks, bonds, mutual funds, ETFs, and other assets. Diversifying your portfolio helps manage risk.
- Public Service Loan Forgiveness (PSLF)A federal program that forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments while working full-time for an eligible public service employer. Qualifying employers include government agencies, nonprofit organizations, and certain other public service entities. Borrowers must be on an income-driven repayment plan or the standard 10-year plan for their payments to count toward PSLF.
- Room and BoardThe combined cost of housing and meal plans at a college or university, which is a significant portion of the overall cost of attendance. Room and board costs vary depending on whether you live on campus, off campus, or at home, and the type of meal plan you select. Many colleges require first-year students to live on campus and purchase a meal plan.
- Active ManagementAn investment approach where fund managers make deliberate buying and selling decisions to outperform a benchmark index. Active funds charge higher fees than passive funds, and studies show the majority of active managers underperform their benchmarks over time.
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