Student or Learner
Would anyone please explain the following in bold more easily?
I always start with what's on my client's mind...... This helps me know them on a deeper level and builds trust. After that, I do an economic update. Because of the turmoil in the economy, many clients want to hear my take on this. After that, we talk about their account performance, allocations, and changes. We follow that with a goal discussion to allow my client to define what they want from their assets..... And finally, I set up the next meeting. I always want my client's expectation set as to when we'll get together next.
In the above, does "account" refer to "bank account" or "a formal record of the debits and credits"? What is account performance? And what does "allocations" mean in the context? And in the last, I'm not sure of what "set" means.
Thank you for your time.