Die Heuning Pot Literature Guide
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Finance Glossary

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Investment Advisor Representative

Definition:

The Uniform Securities Act defines an investment advisor representative as an individual employed by or associated with an investment advisor or federal-covered investment advisor and is responsible for any of the following duties in their day-to-day job:

  • Makes any recommendations or otherwise gives investment advice regarding securities
  • Manages accounts or portfolios of clients
  • Determines which recommendation or advice regarding securities should be given
  • Provides investment advice or holds herself or himself out as providing investment advice
  • Receives compensation to solicit, offer, or negotiate for the sale of or for selling investment advice
  • Supervises employees who perform any of the foregoing.
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