advisory account

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 ?
If an advisory account is not in the client's best interest, then you will need to acknowledge that to the client, with the recommendation to consider a nonadvisory account, even though these are offered only through a broker/dealer.
Reem Al Sharekh, advisory account manager at Sagia, gave a talk on license facilitating and flexible regulatory conditions in the kingdom for foreign companies; and Abdulsalam Al Idrissi, deputy secretary general of the ABCC, stressed the role of the chamber in assisting its members in seeking new opportunities, and in promoting bilateral commercial relations between Arab countries and the UK.
Reem Al-Sharekh, advisory account manager at SAGIA, gave a talk on license facilitating and flexible regulatory conditions in the Kingdom for foreign companies, and Abdulsalam Al-Idrissi, deputy secretary-general of the ABCC, stressed the role of the chamber in assisting its members in seeking new opportunities, and in promoting bilateral commercial relations between Arab countries and the UK.
How is a brokerage account different from an advisory account?
According to the SEC's filings, between 2004 and 2016, Rogicki took advantage of his roles as investment advisor and trustee to the foundation by liquidating securities positions in the foundation's advisory account with TBA and misappropriating a total of more than $9 million from the foundation for his own personal benefit.
I still don't believe transactional commissions are going away, at least not in my career, because there are just certain situations where an advisory account is not the most suitable for a client.
Though expenses are lower in trading annuities than living benefit annuities, expenses are higher than with a typical direct mutual fund, brokerage or advisory account; however:
Here I used the fund, alone, inside an advisory account. Again, since it is only one fund, I'm sure my RIA would be more than a bit unhappy about me charging a 1.12% advisory fee, but, again, I'm trying to compare similar compensation arrangements.
A separate computer internally known as 'House 17' was used to process BMIS investment advisory account data at the direction of Madoff, DiPascali and others.
has launched a new managed investment advisory account that will allow wealthy clients access to a wide range of investments in a single account.
Further, the widened net catches communications relating to investment policies and/or strategies, plus the selection of investment managers and investment account arrangements such as the choice between a brokerage and an advisory account.
Some examples: a Prudential investment annuity, American Funds (mutual fund), TD Ameritrade Institutional (advisory account), American Realty Capital (non-traded REIT), First Southwest (brokerage account) and even bank accounts (if your customer wants them aggregated).