Investment advisors are financial professionals who provide investment advice or analyze securities for a fee.
In the US, investment advisors are required to register at the state level and are also required to register with the SEC if they manage client assets of $100 million or more.
Investment advisors often have discretionary power over their clients’ assets and are required to comply with standards of fiduciary responsibility.
A Certified Retirement Planning Consultant is a person who has the status of a professional financial planner awarded by the College of Financial Planning.
An Investment Policy Statement (IPS) is a formal document drawn up by a portfolio manager or financial advisor and a client that sets out the general rules for the manager.
Successful completion of the Series 65 exam qualifies the investment professional to serve as an investment advisor’s representative in certain states.