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Adviser
An adviser or advisor is normally a person with more and deeper knowledge in a specific area and usually also includes persons with cross-functional and multidisciplinary expertise. An adviser's role is that of a mentor or guide and differs categorically from that of a task-specific consultant. An adviser is typically part of the leadership, whereas consultants fulfill functional roles. The spellings ''adviser'' and ''advisor'' have both been in use since the 16th century. ''Adviser'' has always been the more usual spelling, though ''advisor'' has gained frequency in recent years and is a common alternative, especially in North America. Etymology The use of ''adviser'' is of English origin, with "er" as a noun ending, and ''advisor'' of Latin origin. The words are Doublet (linguistics), etymological twin cognates and are considered interchangeable. Word usage Usage of the two words is normally a matter of choice, but they should not be used together in the same document. The Asso ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fee-Only Financial Advisor
A financial adviser or financial advisor is a professional who provides financial services to clients based on their financial situation. In many countries, financial advisors must complete specific training and be registered with a regulatory body in order to provide advice. Relationships between clients and financial advisors can be characterized by Principal–agent problem, principal-agent problems, as financial advisors may possess information and conflicts of interest that lead to dishonest advice and misconduct. Role Financial advisers typically provide financial products and services, depending on the qualification examinations they hold and the training they have. Financial advisers are registered, not licensed. For example, a licensed insurance agent may be qualified to sell both life insurance and variable annuities, because the insurance agent holds an insurance license and holds the Series 7 qualification examination. A broker (Series 7) may also be a financial pla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Advisers Act Of 1940
The Investment Advisers Act of 1940, codified at through , is a United States federal law that was created to monitor and regulate the activities of investment advisers (also spelled "advisors") as defined by the law. Passing unanimously in both the House and Senate, it is the primary source of regulation of investment advisers and is administered by the U.S. Securities and Exchange Commission. Overview The law provides in part: Contents *Section 201 Findings *Section 202(a) Definitions *Section 202(b) Governments Excepted *Section 203 Registration of Investment Advisers *Section 203A State and Federal Responsibilities *Section 204 Annual and Other Reports *Section 204A Prevention of Misuse of Nonpublic Information *Section 205 Investment Advisory Contracts *Section 206 Prohibited Transactions by Investment Advisers *Section 206A Exemptions *Section 207 Material Misstatements *Section 208 General Prohibitions *Section 209 Enforcement of Title *Section 210 Publicity *Rules, Reg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Special Advisers (UK Government)
A Special Adviser, also known as a SpAd, is a temporary civil servant who advises and assists UK government ministers or ministers in the Scottish and Welsh devolved governments. They differ from impartial civil servants in that they are political appointees. Special advisers are paid by the government and appointed under Section 15 of the Constitutional Reform and Governance Act 2010. There are four pay bands for special advisers. Background Special advisers were first appointed from 1964 under the Harold Wilson's first Labour government to provide political advice to Ministers and have been subsequently utilised by all following governments. Code of conduct Advisers are governed by a code of conduct which goes some way to defining their role and delineates relations with the permanent civil service, contact with the media and relationship with the governing party, inter alia:the employment of special advisers adds a political dimension to the advice and assistance available ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Registered Investment Adviser
A registered investment adviser (RIA) is a firm that is an investment adviser in the United States, registered as such with the Securities and Exchange Commission (SEC) or a state's securities agency. The numerous references to RIAs within the Investment Advisers Act of 1940 popularized the term, which is closely associated with the term ''investment adviser''. An investment adviser is defined by the Securities and Exchange Commission as an individual or a firm that is in the business of giving advice about securities. However, an RIA is the actual firm, while the employees of the firm are called Investment Adviser Representatives (IARs). Registered investment adviser firms receive compensation in the form of fees for providing financial advice and investment management. They are required to act as a fiduciary. This is very different from broker-dealers and their representatives, who provide recommendations for a commission. Broker-dealers and their representatives are not requir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Planner
A financial planner or personal financial planner is a qualified financial advisor. Practicing in full service personal finance, they advise clients on investments, insurance, tax, retirement and estate planning. As a general rule, a financial planner’s work can: * integrate into the range of professional services (eg: lawyer, accountant); or * integrate into the offer of a range of financial products and services (eg: financial advisor, insurance agent); or * not be integrated into other products or services, providing stand alone financial planning. Scope Financial planning should cover all areas of the client's financial needs and should result in the achievement of each of the client's goals as required. The scope of planning would usually include the following: * Financial risk management, Risk management and insurance planning: managing cash flow risks through sound risk management and insurance techniques * Investment and planning issues: planning, creating and man ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Office Of The Legal Adviser
The Legal Adviser of the Department of State is a position within the United States Department of State. The legal adviser provides legal advice on all issues (domestic and international) arising in the course of the department's activities. The legal adviser heads the State Department's Office of the Legal Adviser. As such, the legal adviser has the rank of Assistant Secretary. History From 1870 to 1891, the examiner of claims had been the chief legal officer of the department. The solicitor, a Department of Justice employee, had functioned as the Department of State's chief legal officer from 1891 to 1931. Solicitors and examiners of claims were by statute officials of the Department of Justice. The position of Legal Advisor was created by an Act of Congress on February 23, 1931 (P.L. 71-715; 46 Stat. 1214). The first legal adviser was Green Hackworth, who served until 1946 and then became a judge on the International Court of Justice The International Court of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scottish Government
The Scottish Government (, ) is the executive arm of the devolved government of Scotland. It was formed in 1999 as the Scottish Executive following the 1997 referendum on Scottish devolution, and is headquartered at St Andrew's House in the capital city, Edinburgh. It has been described as one of the most powerful devolved governments globally, with full legislative control over a number of areas, including education, healthcare, justice and the legal system, rural affairs, housing, the crown estate, the environment, emergency services, equal opportunities, public transport, and tax, amongst others. Ministers are appointed by the first minister with the approval of the Scottish Parliament and the monarch from among the members of the Parliament. The Scotland Act 1998 makes provision for ministers and junior ministers, referred to by the current administration as Cabinet secretaries and ministers, in addition to two law officers: the lord advocate and the solicito ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Council Of Economic Advisers
The Council of Economic Advisers (CEA) is a United States agency within the Executive Office of the President established in 1946, which advises the president of the United States on economic policy. The CEA provides much of the empirical research for the White House and prepares the publicly-available annual Economic Report of the President. The council is made up of its chairperson and generally two to three additional member economists. Its chairperson requires appointment and Senate confirmation, and its other members are appointed by the President. Activities Economic Report of the President The report is published by the CEA annually in February, no later than 10 days after the Budget of the US Government is submitted. The president typically writes a letter introducing the report, serving as an executive summary. The report proceeds with several hundred pages of qualitative and quantitative research reviewing the impact of economy, economic activity in the previous ye ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Management Advisor
The financial management advisor (FMA) is a professional designation of the Canadian Securities Institute (CSI), the official educator of the Canadian securities industry. The FMA is a personal financial planning designation which is usually a precursor to the certified financial planner (CFP) designation. There are over three thousand FMA holders in Canada. The FMA designation is not recognized in the province of Quebec. The FMA is awarded by the CSI automatically upon the completion of the required coursework with an average of 60% or better consisting of three courses and six exams ranging in length from two to three hours: the Canadian Securities Course (CSC), the Professional Financial Planning Course (PFPC), and the Wealth Management Techniques Course (WMTC). Unlike the CFP, there is no vocational experience requirement to qualify for the FMA. However, the second exam of the PFPC and the WMTC tests the student in applied comprehension of the theoretical material. The FMA de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consultant
A consultant (from "to deliberate") is a professional (also known as ''expert'', ''specialist'', see variations of meaning below) who provides advice or services in an area of specialization (generally to medium or large-size corporations). Consulting services generally fall under the domain of professional services, as contingent work. The Harvard Business School defines a consultant as someone who advises on "how to modify, proceed in, or streamline a given process within a specialized field". Subject-matter expert vs. consultant According to ''Institute of Management Consultants USA'', "The value of a consultant s compared to a subject-matter expert (SME)is to be able to correctly diagnose and effectively transform an often ill-defined problem and apply information, resources and processes to create a workable and usable solution. Some experts are good consultants and vice versa, some are neither, few are both." Another differentiation would be that a consultant sells adv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
