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Advisory Account

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Advisory Account
A brokerage account in which a broker can only make limited investment decisions without consulting the investor. Such decisions must be made in accordance with the customer's stated investment goals. This contrasts with a discretionary account, which gives the broker more independence.

advisory account
A brokerage account in which the broker may make limited investment decisions without consulting the customer. Securities traded in the account are confined to those that meet the customer's investment goals. Compare discretionary account.


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The SEC's complaint alleges that great effort was made to hide the fact that there were several thousand advisory accounts at BMIS, which would have required SEC registration.
She noted that firms and individuals offering advisory account services must be registered as Registered Investment Advisers.
has launched a new managed investment advisory account that will allow wealthy clients access to a wide range of investments in a single account.
 
 
 
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