| investment advisor | |
noun | |
| someone who advises others how to invest their money [syn: investment adviser] |
Investment Advisor
1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission.
2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and securities within the fund's portfolio in order to achieve the fund's objectives.
Also referred to as a "financial advisor".
Investopedia Commentary
A fund's investment objectives are usually reported in the prospectus.
Related Links
Shopping For A Financial Advisor
Dispelling The Myths Surrounding Financial Planners
Tips For Resolving Disputes With Your Financial Advisor
See also: Analyst, Broker, Broker-Dealer, Certified Financial Planner - CFP, Commission, Dealer, Discount Broker, Full Service Broker, Prospectus, Registered Investment Advisor - RIA
Also spelled: investment adviser