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 ?
Brinker Capital, a investment management company focused on multi-asset class investing, has announced the expansion of its marketing and wealth advisory teams with three key hires: Jason Brown as Director of Digital Marketing, Julie Olley as Wealth Advisory Account Executive, and Mark Yoder, CFA, as Wealth Advisory Account Executive, the company said.
In her new role, Rizzo will be responsible for delivering fiduciary service, legal counsel and advice to trust advisors, wealth advisors, advisory account managers and wealth strategists.
If you rebalance a typical advisory account, there are ticket charges.
2 million current IRAs would not qualify for an advisory account with any firm in the study.
She noted that firms and individuals offering advisory account services must be registered as Registered Investment Advisers.
has launched a new managed investment advisory account that will allow wealthy clients access to a wide range of investments in a single account.
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.
through its subsidiaries, manages private advisory accounts (GAMCO Asset Management Inc.
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.
GAMCO Investors through its subsidiaries, manages open-end funds and closed-end funds (Gabelli Funds LLC) and private advisory accounts (GAMCO Asset Management Inc).
GAMCO, through its subsidiaries, manages private advisory accounts (GAMCO Asset Management) and open-end funds and closed-end funds (Gabelli Funds).