Advisory Account

Business, Legal & Accounting Glossary

Definition: Advisory Account


Advisory Account


Full Definition of 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.


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Advisory Account. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 04, 2021 https://payrollheaven.com/define/advisory-account/.
Chicago Manual of Style (CMS):
Advisory Account. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/advisory-account/ (accessed: December 04, 2021).
American Psychological Association (APA):
Advisory Account. PayrollHeaven.com. Retrieved December 04, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/advisory-account/

Definition Sources


Definitions for Advisory Account are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.