investmentadvisory
Investment advisory refers to the provision of advice and recommendations about the purchase, sale, and management of financial instruments, such as stocks, bonds, mutual funds, and other securities. The primary goal of an investment adviser is to assist clients in achieving their financial objectives while managing risk, using principles of diversification, asset allocation, and portfolio theory.
In the United States, investment advisers are regulated by the Securities and Exchange Commission (SEC) under
Investment advisers offer a spectrum of services. Some provide discretionary portfolio management, taking custody of client
The industry distinguishes between individual‑client advisers, professional‑to‑professional advisers (such as those serving high‑net‑worth individuals, pension funds,
Key regulatory concepts include “fiduciary duty,” obliging advisers to act in the best interest of clients;