Investment Advice

Investment Advice

Counsel given to an investor as to which securities to buy or strategies to pursue, usually in exchange for a fee. Investment advice may involve interacting directly with a client (e.g. by managing assets), or simply giving passive, general advice about which securities or industries are bullish or bearish. Investment advisors managing a certain amount of money must register with the SEC; the actions of all investment advisory services are governed by the Investment Advisors Act of 1940. Importantly, it is a criminal offense for investment advisory services to provide false or misleading information, and to sell or buy their own securities to or from a client.
References in periodicals archive ?
For years, I have received e-mails and phone calls from investment advisors who proudly proclaim they are in the individual company 401(k) retirement plan investment advice business.
The DOL's proposal expanding the definition of fiduciary investment advice was published April 20, 2015.
Global Banking News-October 30, 2015--Santander makes provisions for investment advice claims
Since the DOL has further delayed the investment advice rule proposal, until January 2015, it is worth noting some key points about the ERISA fiduciary definition currently in effect.
Summary paragraph: DoL broadens definition of investment advice fiduciary
Department of Labor is expected to issue proposed regulations on investment advice programs provided by employer retirement plan sponsors, intended to enforce the investment advice provisions included in the Pension Protection Act of 2006.
Federal credit unions can't offer investment advice, but they can establish a shared employee arrangement with a third-party registered investment adviser, according to a legal opinion letter by NCUA Associate General Counsel Sheila Albin.
It is far better for the unregistered agent to deal with the problem as an opportunity to give investment advice legally.
The issue on this appeal to the Second Circuit is whether investment advice fees inurred by a trust (T) are fully deductible in calculating adjusted gross income (AGI) under Sec.
Effective 2007, the PPA provides for a prohibited transaction exemption for certain investment advice to participants in individual account plans.
to provide investment advice, and then deducted payments to Warfield of $22,241 on the trust's 2000 income tax return.
2d 664 (2002)], the Fourth Circuit ruled that investment advice fees paid by a trust or estate are a miscellaneous itemized deduction subject to the 2% of adjusted gross income (AGI) floor under IRC section 67(a).