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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
The ability of an investor to transfer a proprietary brokerage product, such as a mutual fund, to an account at a different brokerage firm.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.