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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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manages assets of private advisory accounts (GAMCO), mutual funds and closed-end funds (Gabelli Funds Llc).
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It's important to know whether your accounts are structured as advisory accounts or brokerage accounts.
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Tipping will lead the Oil, Gas & Minerals Management team of professionals and support personnel responsible for the oversight of oil, gas & mineral assets held in estates, trust and advisory accounts effective June 1, 2018.
Leslie Tipping promoted to Special Assets Regional Manager
The firm, its employees and advisory accounts may hold positions of any companies discussed.
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Webber: It's the same thing we've asked advisors when they convert to advisory accounts; maybe [take] a few steps backward before you propel forward.
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Schwab reported that clients seeking planning and advice in the first half increased by 9% year over year, to some 73,000 conversations, while the number of Schwab retail advisory accounts rose by 15% year over year.
Retail Investors Were Raring to Go in First Half: Schwab
DOL emphasized in "several places" throughout the FAQ that the rule doesn't require IRAs to be switched from commission-based accounts to advisory accounts, he said.
DOL releases fiduciary rule guidance specifically for advisors
- Why should they capture investment holdings from all their advisory accounts? How?
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Under the terms of the deal, announced in July, Sunset Financial Services will cease retail operations and transfer its broker/dealer and registered investment advisory accounts to Securities America, the vendor has said.
Securities America closes buy of Sunset Financial Services assets
It can be argued that they may, in some ways, be better investing platforms than brokerage and advisory accounts. For one thing, if you are into the often-costly process of rebalancing, it is free with annuity platforms.
Less tax, more cash

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