An investment advisor (also known as a stock broker) is any person or group that makes investment recommendations or conducts securities analysis in return for a fee, whether through direct management of clients’ assets or by way of written publications

  • Investment advisors are financial professionals that make investment recommendations or conduct security analysis in exchange for a fee.
  • In the U.S., investment advisors are required to register at the state level, and they also need to register with the SEC if they manage $100 million or more in client assets.
  • Investment advisors often have discretionary authority over their clients’ assets and are required to uphold standards of fiduciary responsibility.