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investment adviser

Definition

Firm or professional who sells expert opinion or buy-sell recommendations on a particular type of investment such as bonds, commodities, mutual funds, and stocks. Some offer advise on an individual basis, others through a newsletter. In the US, all investment advisers must register with the Securities and Exchange Commission (SEC) and disclose any conflict of interest. They are rated by Hulbert Financial digest published from Virginia. Also spelled as investment advisor.

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