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 ?
Incumbent companies may try to interfere with these new norms, creating contracts that prohibit end users from changing from one company to another within a certain timeframe, thereby causing the number portability agreement to fail," notes Mercado.
The Bell System companies affected by the Portability Act have signed a Mandatory Portability Agreement that spells out their obligations.
com), a provider of mission-critical technology services, to support Syniverse's recent number portability agreement with Centennial Communications.
PaineWebber signed the first portability agreement with Prudential Securities in March of this year.