An individual is registered as an agent with a broker/dealer that has recently begun offering wrap fee programs to its clients. to offer such wrap accounts to the public, the agent must be an investment adviser
This is further explained below.
<h3>What is
an investment adviser?</h3>
Generally, An person or a firm that is compensated for offering advice concerning securities to customers in exchange for such compensation is known as an investment advisor.
Investment advisors and financial advisors are not the same things, despite the fact that the phrases seem quite close to one another, and the two should not be confused.
In conclusion, A broker/dealer recently started providing wrap fee services to customers. Investment advisers may provide wrap accounts to the public.
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