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blanket recommendation |
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Blanket Recommendation A situation in which a financial professional or institution sends a recommendation to all clients to buy or sell a particular security or product, regardless of whether or not the particular asset is compatible with the client's investment goals, objectives, and risk tolerance. Notes: Communicating to clients through a blanket recommendation is usually ill-advised, because the clients solicited will have varying investment profiles. Imagine if a particular client who is retired and can't afford to lose a lot of money is a recipient of a blanket recommendation, and the recommended transaction is of higher risk than what she is used to. Should the client follow the firm's advice, she stands to lose a portion of her savings that has taken a long time to accumulate and would be very difficult to replenish.Blanket recommendation A recommendation by a brokerage firm sent to all its customers advising that they buy or sell a particular stock regardless of investment objectives or portfolio size.
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| A single blanket recommendation regarding fire does not fit all circumstances. Both Stampfer and Goldman say they think most postmenopausal women would benefit from estrogen therapy, but they shy away from a blanket recommendation. |
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