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Broker-Dealers and Investment Advisors

Broker-Dealers and Investment Advisors

In the wide world of finance, broker-dealers (BDs) and investment advisors (IAs) are considered "persons" in the legal sense—but don't confuse them with "natural persons." Legally speaking, "person" can often refer to a broker-dealer or investment advisor firm, which are in turn made up of "natural persons" (individuals) who are the agents or investment advisor representatives.In the wide world of finance, broker-dealers (BDs) and investment advisers (IAs) are considered ‘persons’ in the lega...

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