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Investments glossary

Open Architecture


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Quotes of the day:

It is especially important to encourage unorthodox thinking when the situation is critical At such moments every new word and fresh thought is more precious than gold. Indeed, people must not be deprived of the right to think their own thoughts.

— Boris Nikolayevich Yeltsin

Open architecture is used to describe a financial institution’s ability to offer clients both proprietary and external products and services. Open architecture ensures that a client can satisfy all their financial needs and that the investment firm can act in each client’s best interests by recommending the financial products best suited to that client, even if they are not proprietary products. Open architecture helps investment firms avoid the conflict of interest that would exist if the firm only recommended its own products.

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