- A type of investment account where an investment advisor works closely with a client in formulating and implementing investment purchases and strategies. In most cases, the client has the final say on all investment decisions.
The fee structure of an advisor account is typically asset-based, in which the annual fee paid by the client is based on a percent of the assets held in the account. There are no trading commission fees.
These types of accounts are generally for investors who would like to take a hands-on approach to their investments but would also like to work with a financial expert. In addition to working with an investment advisor, the client will often have access to a wide range of investments, including IPO stock and lower cost mutual funds.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Account aggregation — is a method that involves compiling information from different accounts, which may include bank accounts, credit card accounts, investment accounts, and other consumer or business accounts, into a single place. This may include a database or may… … Wikipedia
Limited Discretionary Account — A type of account in which a client allows a broker to act on his or her behalf in buying and selling securities. In this case, the broker can make certain types of trades without prior consent from the client. In order for this arrangement to… … Investment dictionary
Sweep account — A sweep account is an account set up at a bank or other financial institution where the funds are automatically managed between a primary cash account and secondary investment accounts.In banking, sweep accounts are primarily used as a legal… … Wikipedia
Registered Investment Advisor — Investment Advisor (IA) is a non formal designation describing a person or firm in the United States who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or… … Wikipedia
Separate account — A separate account is an account held by an insurance company not in its general account. A separate account allows an investor to choose an investment category according to his individual risk tolerance, and desire for performance. An account… … Wikipedia
Locked-In Retirement Account — A Locked In Retirement Account (LIRA), and the virtually identical Locked in Retirement Savings Plan (LRSP), are Canadian investment accounts designed specifically to hold locked in pension funds for former plan members, former spouses or common… … Wikipedia
Separate Account — 1. A privately managed investment account opened through a brokerage or financial advisor that uses pooled money to buy individual assets. 2. In the context of variable annuities, these are payments made to an insurance company for the purpose of … Investment dictionary
Registered Retirement Savings Plan — A Registered Retirement Savings Plan or RRSP is an account that provides tax benefits for saving for retirement in Canada. RRSP refers to a provision in the Income Tax Act that allows a person to shelter financial property from income taxes.RRSPs … Wikipedia
UNITED STATES OF AMERICA — UNITED STATES OF AMERICA, country in N. America. This article is arranged according to the following outline: introduction Colonial Era, 1654–1776 Early National Period, 1776–1820 German Jewish Period, 1820–1880 East European Jewish Period,… … Encyclopedia of Judaism
Plame affair — (CIA leak) investigation Related topics and issues 2003 invasion of Iraq ( Operation Iraqi Freedom ) Contempt / Obstruction / Perjury Grand jury Intelligence Identities Protection Act of 1982 (full text) … Wikipedia