advisory account

(redirected from Advisory Fund)

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 ?
KARACHI -- On 10th Anniversary of i-Care, Pakistan's first Donor Advisory Fund supporting 100 charities celebrated its decade long service to the nation by recognizing the contributions of its six partner charities.
Project name : TF052432 - DEVCO ADVISORY FUND - CORE FUND
Before joining NYLIM, Mizutori was the chief portfolio manager of the advisory fund management department at Nomura Asset Management Company, Limited (NYSE: NMR) (TYO: 8604) (AMS: 8604), responsible for the investment advisory business for institutional clients.
Approach: The Deutsche Gesellschaft fE-r Internationale Zusammenarbeit (GIZ) GmbH supports the Afghan Government in implementing its National Development Strategy by administering the Open Policy Advisory Fund (OPAF) on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ).
The strategy of focusing on our discretionary service while completing the remaining reviews of advisory services is reflected in the ongoing organic growth in discretionary funds and net outflows from advisory funds.
Other positions currently held by Ballard include director of Fonterra Co-operative Group Limited, director of Magellan Flagship Fund Limited, chairman of the Advisory Funds at Pacific Equity Partners and director of the Sydney Neuro Oncology Group.

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