Why would a fee-based investment advisor need my Social Security number?

I am planning on using an investment advisor to help better allocate my holdings. I would make all the trades through my online broker. Is there a reason that the advisor would need my Social Security number and other details?

Social Security, Choosing an Advisor
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May 2017
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By federal law, you are supposed to do due diligence on any potential financial advisor and he/she is required to do due diligence on you.  You must give the advisor and your broker your name, address, telephone, email, social security, work history, income, net worth, and investment objective.  Your advisor is similarly required to give you all of that information including his/her social security number and full set of identical personal data.  Usually both of you are also required to have this information notarized in order for that person to be your advisor.  In addition, that advisor has information about him/her at http://finra.org/ where you can see a list of all complaints about that advisor, when he/she began business, and other important details including his IARD and CRD (registration) information.  Be sure to fully read the information about any potential advisor at the above web site to be sure you aren't dealing with an unscrupulous person--or, worse yet, someone who isn't even listed in the federal registry.

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