INVESTMENT ADVISOR

is defined by the Investment Advisors Act of

1940, any person or group that makes investment recommendations or conducts

securities analysis in return for a fee, whether through direct management of client

assets or via written publications.
An investment advisor who has sufficient assets to be registered with the SEC is

known as a Registered Investment Advisor, or RIA. Investment advisors are prohibited

from disseminating advice known to be deceitful or fraudulent, and from acting as a

principal on their own accounts by buying and selling securities between themselves

and a client without prior written consent.

CONTENT:

• Role
• Compensation
• Advisor vs. adviser
• Regulation