definition
strict definition
financial advisor
A retail or customer service branch specializing in investment planning and financial advice.
A financial advisor office is a retail branch or a customer service center for a firm specializing in offering financial advice to customers, especially in investment planning. These often offer brokerage services to their customers, and sometimes receive broker's commissions on any transactions made.
The location provides advice to customers, particularly about investment planning. Brokerage transactions can accompany that advice but are not mandatory.
A brokerage is dedicated especially to executing securities transactions. A financial advisor office retains its advisory purpose whether or not it also receives commissions on trades.
financial advisor Photos
Related definitions
-
bank branch
A retail banking site where customers can access their accounts and receive basic financial services. -
brokerage
A place where professional brokers execute trades in stocks and other securities for customers. -
credit union
A place where a cooperatively owned institution offers bank-like financial services to its members. -
currency exchange
A site for conversion between different currencies and other simple financial services. -
insurance branch
A retail office where insurer representatives or independent brokers sell, renew, and service insurance policies. -
loan office
A retail branch specializing in offering loans to customers, without additional banking services. -
tax preparation office
A retail office where customers can meet accountants or other professionals to have their tax forms prepared.