advisory account


A type of brokerage account where the broker may make some limited investment decisions without having to consult the client. The securities that are traded in this type of account are typically confined to those that meet the client's investment goals as well as risk tolerance. In contrast to a discretionary account that gives the broker much more independence with regard to trades made in the customer's account.

Use advisory account in a sentence

You should try and open up an advisory account so that you are always made aware of any good deal available.

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Since they signed up for an advisory account, they knew that some decisions may be made by the broker without first consulting them.

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I opened an advisory account with my stockbroker because I wanted some control over the funds but also wanted the assistance of an experienced professional in making investment decisions.

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advisors' sentiment advisory letter