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LSDefine
Simple English definitions for legal terms
investment adviser
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A quick definition of investment adviser:
An investment adviser is someone who gets paid to give advice to others about buying, selling, or investing in securities (like stocks or bonds). They might give advice directly to people or write articles or reports about securities. Some people are not considered investment advisers, like employees of an investment adviser, banks, lawyers, accountants, engineers, and teachers who only give investment advice as part of their job, brokers who don't get paid extra for giving advice, and publishers of newspapers or magazines.
A more thorough explanation:
An investment adviser is a person who gives advice to others about buying, selling, or investing in securities. They may do this directly or through publications or writings. They are usually paid for their services.
Examples of investment advisers include:
- A person who writes a newsletter about stocks and gives advice on which ones to buy or sell
- A company that manages a mutual fund and advises investors on which stocks to include in the fund
These examples illustrate the definition because they both involve giving advice about securities in exchange for payment. The investment adviser is responsible for providing accurate and reliable information to their clients so that they can make informed decisions about their investments.