Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
Thanks to the Uniform Securities Act, investment advisory firms need to reveal a bunch of stuff to their clients (like you) so they can't just make a bunch of promises or make up some numbers to get your cash.
The law requires that all contracts between a client and a firm have a bunch of of important information—like the fees to be charged and the method for calculating those fees, services provided, and whether the account is discretionary, among a boatload of other things.