portability agreement

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.

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.
References in periodicals archive ?
The Bell System companies affected by the Portability Act have signed a Mandatory Portability Agreement that spells out their obligations.