Investment Advisor

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Definition of 'Investment Advisor'

An investment advisor is a person or firm who provides investment advice to clients. Investment advisors can be either fee-only or commission-based. Fee-only advisors charge a fee for their services, regardless of whether or not the client makes any investments. Commission-based advisors earn commissions on the investments they sell to clients.

Investment advisors typically work with clients to develop an investment plan that meets their individual needs and goals. They can help clients choose investments that are appropriate for their risk tolerance and time horizon. Investment advisors can also provide ongoing monitoring of client portfolios and make adjustments as needed.

There are a number of things to consider when choosing an investment advisor. Some of the most important factors include:

* The advisor's qualifications and experience
* The advisor's investment philosophy
* The advisor's fees
* The advisor's conflicts of interest

It is important to find an investment advisor who you can trust and who is willing to work with you to develop a plan that meets your individual needs.


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