Investment Adviser
Definition
What is Investment Adviser?
A person or firm that provides investmentAn asset or commitment of money made with the expectation of future income, growth, or both. advice or manages assets under an advisory mandate.
Example in practice
How This Looks in Practice
The adviser recommends a strategic asset allocationA long-term target mix of asset classes based on an investor's objectives and constraints. for a pension scheme.
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Related Terms
Collective Investment Scheme
A regulated arrangement that pools investors' money for investment according to a common objective.
Fund Structure & RegulationOpen-Ended Fund
A fund that can create or cancel units as investors subscribe and redeem.
Fund Structure & RegulationClosed-Ended Fund
A fund with a relatively fixed number of units that investors usually trade with one another.
Portfolio MetricsAsset Allocation
The percentage of a portfolio invested across asset classes such as cash, bonds, shares, and property.