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.
References in periodicals archive ?
By the middle of November, commodity trading advisory funds tracked by Credit Suisse prime services had dropped 1.5 percent on the month, owing to the losses in energy futures and the increased volatility.
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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