advisory account

(redirected from Advisory Accounts)

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.
References in periodicals archive ?
In the new role, Tipping will be responsible for developing new oil and gas management relationships and also managing oil, gas and minerals held in trusts, estates and advisory accounts across all major oil and gas geographic regions, as well as new and emerging geologic areas.
It can be argued that they may, in some ways, be better investing platforms than brokerage and advisory accounts.
It claims that a specific computer was used to simulate phantom trading in advisory accounts, and to generate phony books and records reflecting that trading.
Pirate Capital serves as the investment advisor to four event-driven hedge funds, Jolly Roger Fund LP, Jolly Roger Offshore Fund LTD, Jolly Roger Activist Fund LP and Jolly Roger Activist Fund LTD, and manages additional investment advisory accounts for institutional clients.
Subsidiaries of the holding company include mutual fund and alternative investment services groups, single-purpose companies that deal with brokerage services and insurance, and a registered investment advisor that manages the company's proprietary mutual funds and investment advisory accounts for institutional customers.
Following the agreement, Sunset Financial Services will stop retail operations and transfer its broker-dealer and registered investment advisory accounts to Securities America.
through its subsidiaries, manages assets of private advisory accounts (GAMCO), mutual funds and closed-end funds (Gabelli Funds, LLC), and partnerships and offshore funds (Investments Partnerships) and is known for its Private Market Value with a Catalyst style of investment.
which through its subsidiaries manages approximately $28 billion of assets in mutual funds and closed-end funds, limited partnerships and offshore funds and private advisory accounts.
NYSE:GBL), through its subsidiaries, manages assets of private advisory accounts (GAMCO), mutual funds and closed-end funds (Gabelli Funds, LLC), and partnerships and offshore funds (Investment Partnerships) and is known for its Private Market Value with a Catalyst[TM] style of investment.
HSBC's private banking division had last week announced that it was discontinuing its service for advisory accounts that have below GBP1m under management and discretionary accounts that have below GBP300,000 under management.
through its subsidiaries, manages approximately $27 billion in assets of private advisory accounts (GAMCO), mutual funds and closed-end funds (Gabelli Funds, LLC), and partnerships and offshore funds (Alternative Investment Group).