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Portability Agreement

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portability agreement
The ability of an investor to transfer a proprietary brokerage product, such as a mutual fund, to an account at a different brokerage firm.
Portability Agreement
An agreement between a brokerage and a client allowing the client to take his/her accounts and transfer them to another brokerage. A portability agreement may even exist if the financial product being transferred is proprietary to the first brokerage.


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