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 ?
GAMCO Investors through its subsidiaries, manages open-end funds and closed-end funds (Gabelli Funds LLC) and private advisory accounts (GAMCO Asset Management Inc).
Advice & Wealth Management in particular led the way with a record high for retail client assets, strong net inflows into investment advisory accounts, as well as very good advisor productivity," he explained.
GAMCO, through its subsidiaries, manages private advisory accounts (GAMCO Asset Management) and open-end funds and closed-end funds (Gabelli Funds).
It can be argued that they may, in some ways, be better investing platforms than brokerage and advisory accounts.
In particular, Oliver Wyman was asked to evaluate the potential impact of the DOL's proposed rule change on smaller retail IRA investors regarding access to: investment help and services from a licensed investment professional; choice of investment professional; relationship model in terms of commission-based brokerage versus single fee; "wrap" investment advisory accounts, as well as breadth of product choice; and cost impact to IRA holders.
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.
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.
With good inflows in investment advisory accounts, retail client assets grew to a record high," said Chief Executive Jim Cracchiolo, in a statement.
In this role, Tipping is responsible for developing new oil and gas management relationships, as well as 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.
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.
According to the SEC's order instituting a settled administrative proceeding, the AIG affiliates also failed to monitor advisory accounts on a quarterly basis to prevent reverse churning, or putting investors in fee-based accounts with little or no activity or service to justify the fee.
GAMCO is an investment manager and through its subsidiaries, manages private advisory accounts, mutual funds and closed-end funds and partnerships and offshore funds.