Investor and Industry Perspectives on Investment Advisers and Broker-Dealers

ebook

By Angela A. Hung

cover image of Investor and Industry Perspectives on Investment Advisers and Broker-Dealers

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In theory, financial professionals are relatively distinct: A broker-dealer conducts transactions in securities on behalf of itself and others; and an investment adviser provides advice to others regarding securities. Different laws regulate each type of professional, but boundaries have blurred. This report examines current business practices and investor understanding of each type.

Investor and Industry Perspectives on Investment Advisers and Broker-Dealers