Advisor vs Adviser Definition and Meaning: What Is An Advisor?
Advisor vs Adviser Definition
ad·vis·er or ad·vi·sor (d-vzr)
1. One that advises, such as a person or firm that offers official or professional advice to clients.
2. An educator who advises students in academic and personal matters.
Noun 1. advisor - an expert who gives advice; "an adviser helped students select their courses"; "the United States sent military advisors to Guatemala"
amicus curiae, friend of the court - an adviser to the court on some matter of law who is not a party to the case; usually someone who wants to influence the outcome of a lawsuit involving matters of wide public interest
authority - an expert whose views are taken as definitive; "he is an authority on corporate law"
backroom boy, brain truster - an expert adviser involved in making important decisions but usually lacking official status
counselor, counsellor - someone who gives advice about problems
agricultural agent, county agent, extension agent - an advisor employed by the government to assist people in rural areas with methods of farming and home economics
fashion consultant, fashionmonger - someone who advises you about fashionable clothing
investment adviser, investment advisor - someone who advises others how to invest their money
management consultant - adviser to business about efficient management practices
media consultant, media guru - someone who advises about the use of communication media
military adviser, military advisor - a military officer who serves as an adviser to the troops of an allied nation
security consultant - an adviser about alarm systems to prevent burglaries
Definition of 'Advisor'
1. The person or company responsible for making investments on behalf of, and/or providing advice to, investors. 2. In the context of the mutual fund business, an advisor, also known as an investment advisor, is an organization employed by an investment company to manage a particular fund's portfolio. A fund's advisor assigns a manager(s) to make the day-to-day decisions involved in the purchase and sale of a fund's securities according to stated strategies and investment objectives.
Explanation of Advisor
1. It's a good idea to choose an advisor carefully according to his or her professional credentials, experience and expertise. Fees and services provided are also important considerations.2. A fund's advisor has the primary responsibility for the investment performance of the fund. This responsibility may be shared with another investment advisory firm, with each advisor focusing on different asset types in a portfolio. Advisors receive an annual management fee, which is computed as a percentage of a fund's assets under management. The fee makes up a large portion of a fund's operating expenses. For fund investors, judging the quality of a mutual fund's portfolio management is one of the most important considerations for investing in a fund.
7 types of advisers
A brief look at 7 common types of advisers and the different types of advice they may offer.
1. Customer service representative
You can often find this type of adviser at the financial institution where you have an account or loan. They usually help with one-time decisions, such as choosing a bank account or credit card. They can also help you compare loan or mortgage options. And they may provide advice on short-term investment products such as savings bonds and GICs.
Customer service representatives usually get a salary from the financial institution where they work, so there’s no direct cost to you for their advice. But the cost of this advice is built into your service fees or the cost of your investment. And these types of advisers can only recommend products sold by the financial institution they work for.
2. Personal banker
Personal bankers work at banks and trust companies. They’re trained to sell investments such as GICs and savings bonds. They may also be registered to sell mutual funds.
Personal bankers get a salary from the bank or trust company where they work, so there’s no direct cost to you for their services. But the cost is built into your service fees or the cost of your investment.
3. Mutual fund representative
Mutual fund representatives are registered to buy and sell mutual funds on your behalf. The companies they work for are registered as mutual fund dealers. Mutual fund representatives are usually paid by the companies whose products they sell. They make money every time they sell a fund. If you decide to buy, the cost is built into the cost of your funds.
4. Investment representative
Investment representatives (commonly known as stockbrokers) are registered to buy and sell a variety of investments on your behalf, such as stocks, bonds, mutual funds, ETFs and closed-end funds. The investment firms they work for (commonly known as brokerage firms) are registered as investment dealers.
They make a commission when they buy and sell investments.
5. Investment adviser
This is an adviser who manages your investments for you and can provide investment advice on any type of security. They work for investment firms that are registered as portfolio managers. These firms can be independent or owned by banks. They may deal only with wealthy clients with at least $250,000 to invest.
They may charge a flat fee for their services. Or, they may charge an annual fee based on the size of your portfolio.
6. Financial planner
A financial planner looks works with you to create a financial plan to help you reach your goals. They may advise you on financial planning, risk management, investment planning, tax planning, retirement planning and estate planning.
Financial planners can be paid in different ways. Be sure to ask your planner how they’re paid.
7. Insurance adviser
Insurance advisers are trained and licensed to give advice about and sell insurance. Some specialize in certain products, such as property or life insurance. Others sell a range of insurance products. Some insurance advisers may also be registered to sell investments.
Insurance advisers are usually paid by the companies whose products they sell. They make money every time they sell a policy. If you decide to buy, the cost is built into your insurance payments.
What's the difference between “adviser” and “advisor” — are both interchangeable?
Both are right. This is how the Oxford dictionary entry explains the usage:
The spellings adviser and advisor are both correct. Adviser is more common, but advisor is also widely used, especially in North America. Adviser may be seen as less formal, while advisor often suggests an official position.
1. Being in a capacity to provide advice or opinions. Advisory committees or similar groups also have the authority to render a decision or judgment on an issue, in addition to providing opinions. For example, an advisory committee to a board of directors may have the ability to decide whether or not certain restrictions or regulations are adequately being met.
2. Announcement or formal message released to the public in order to forewarn against specific risks or dangers. For example, an official statement released by the National Weather Center advising the public of potentially hazardous weather conditions.
3. An official document that provides advice.
One that advises, such as a person or firm that offers official or professional advice to clients.
An educator who advises students in academic and personal matters.
Both forms occur with equal frequency throughout the English-speaking world, despite impressions that -er is predominantly British English and -or American English. In the Old English (up to 1150)C, the -er form is roughly twice as common as the -or form across all the varieties of English, and so the traditional spelling still predominates. Advisor is probably influenced by the existence of advisory; but adviser is preferable.
Advisor — an expert who gives advice
Nouns denoting people
adviser; advisor; consultant
an adviser helped students select their courses / the United States sent military advisors to Guatemala
Hypernyms ("advisor" is a kind of...):
authority (an expert whose views are taken as definitive)
Hyponyms (each of the following is a kind of "advisor"):
amicus curiae; friend of the court (an adviser to the court on some matter of law who is not a party to the case; usually someone who wants to influence the outcome of a lawsuit involving matters of wide public interest)
security consultant (an adviser about alarm systems to prevent burglaries)
military adviser; military advisor (a military officer who serves as an adviser to the troops of an allied nation)
medai guru; media consultant (someone who advises about the use of communication media)
management consultant (adviser to business about efficient management practices)
investment adviser; investment advisor (someone who advises others how to invest their money)
fashion consultant; fashionmonger (someone who advises you about fashionable clothing)
agricultural agent; county agent; extension agent (an advisor employed by the government to assist people in rural areas with methods of farming and home economics)
counsellor; counselor (someone who gives advice about problems)
backroom boy; brain truster (an expert adviser involved in making important decisions but usually lacking official status)
A person appointed by a state, on the basis of his or her qualification, for the purpose of assisting its accredited representative in an investigation
Advisory Sentence Examples
Consistent with the in national advisory whether the company to practice in.
Advisory committees were convened in three of the projects.
QAA documents " guides for good practice " were purely advisory.
Yes, a travel advisory against going to the free new world.
We encourage you to pay close attention to travel advisories issued by respective home countries and contact your destination's ministry of tourism.
The network also provides free advisory, problem solving and sign-posting services.
Smith & Williamson is an independent investment management, financial advisory and accounting group.
Advisory panel, will be established to advise the office on third sector issues.
Except for wave-off and hold, which are mandatory, the LSE's signals are only advisory in nature.
So if there's an exploit out there we're going to go ahead and release a security advisory.
Description – Microsoft and L0pht Research Labs have recently published advisories describing a vulnerability in the Microsoft Office 2000 UA ActiveX control.
Our business advisory guides contain information on all aspects of running a successful business.
Advisory conciliation and arbitration service Acas - Home useful information about the role of ACAS and the law.
Our clients range from large international investment banks to independent private client stockbrokers and corporate finance advisory boutiques.
Current list of all traffic advisory leaflets published: 11 August 2004.
Advisory body for the whole of the UK.
It is a joint industry, unions and government advisory body.