Wall Street/Silicon Valley corporate types love the concepts of advice and management so much that there are actually two professions that commonly use the term "advisory management" as a descriptor.
In the investment management field, the phrase refers to the people who provide advice to investors about where to put their money. They are advising you on how to manage your money, i.e. advisory management.
The second common use of the term comes from the corporate consulting field. In this context, the phrase denotes the people who come in to help companies make strategic decisions. They advise the company's managers on what to do, i.e. advisory management.
Related or Semi-related Video
Finance: What's the difference between a...23 Views
Finance a la shmoop what's the difference between a financial adviser
and a financial planner? well here's the Venn diagram of a financial adviser in a [Venn diagram appears]
financial planner and yes you can see that the financial planner is kind of a
subset of the advisor but well you know pours better coffee in other words all
financial planners are financial advisors but not all financial advisors
are financial planners okay so the financial planner what do they do they
plan financially what does that mean? while the planner looks at your budget
your rent your insurance your likely taxes and a whole bunch of other little [Financial planner duties appear]
detailing things that you could probably do entirely on your own if you thought
about it for five minutes but whatever trauma happened to you and [Man with injuries laying on couch]
your childhood rendered you somehow incapable of doing so and you called in
Mommy financial planner who held your hand and help you fill out whatever
forms establish whatever goals and create whatever programs you needed to
create whether you're an individual pediatrician, a small business or
something bigger well financial planners come in a bunch
of certificated flavors like certified financial planner yeah that's a big
catchy one and then there's corollary sidebar ones like chartered financial
consultant and for the really heavy hitter investment planning people well
there's a chartered financial analyst levels one two and three which is the
full contact x-rated version of being a hardcore financial planner so then [Types of financial planner appear]
what's a financial advisor or FA? or FAH as the Dolphins like to call them well
essentially they are your investment whisperer
they sit on your left shoulder and your right shoulder whispering about greed [Angel financial planner whispering on mans shoulder]
and fear and have nothing to do with that scene in Animal House and if you
don't know what we're talking about go ask your parents right now hit pause go
ask them.... greatest college movie in history thank you
specifically a financial advisor is typically a broker in one form or
another who directly helps execute purchases and sales of securities while
knowing a thing or three about estate and tax planning, insurance and other
financial adventures like the joys of owning real estate so a FA must have a
series 65 license or more the good ones have all passed the series
seven exam which is the granddaddy and a few are also CPAs i.e hardcore
accountants if you like not just counting beans but swimming in them well [Man jumps into pool of beans]
then these are both probably good gigs for you
Up Next
What do investment bankers do? Investment bankers help corporations make smart financial decisions, in the simplest terms. They help them make inve...
What is a 12b1 fee? A 12b1 fee is paid on mutual funds. The fee is paid by investors and is used to market the mutual fund to other potential inves...