DEFINITION of 'Administrator'

1. A person empowered by a court to act for another person who is deemed incapable of acting for himself/herself.

2. Under the Uniform Securities Act, an entity that enforces the rules and regulations, including registration requirements and post-registration requirements, of investment advisory professionals.

BREAKING DOWN 'Administrator'

1. For example, an Administrator is appointed to take charge of an estate if an individual has died without leaving a will.

2. Commonly referred to as the "State Administrator".

  1. Fiduciary

    A fiduciary is a person who acts on behalf of another person, ...
  2. Real Estate

    Land plus anything on it, including buildings and natural resources.
  3. Third-Party Claims Administrator

    This type of administrator processes claims for a third-party ...
  4. Trust

    A fiduciary relationship in which one party, known as a trustor, ...
  5. Blue Sky Laws

    State regulations designed to protect investors against securities ...
  6. Investment Advisor

    As defined by the Investment Advisors Act of 1940, any person ...
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  1. Are UTMA accounts escheatable?

    Like most financial assets held by institutions such as banks and investment firms, UTMA accounts can be escheated by state ... Read Full Answer >>
  2. Can the IRS audit you after a refund?

    The U.S. Internal Revenue Service (IRS) can audit tax returns even after it has issued a tax refund to a taxpayer. According ... Read Full Answer >>
  3. How does escheatment impact a company?

    In recent years, state governments have become increasingly aggressive in enforcing escheatment laws. As a result, many businesses ... Read Full Answer >>
  4. What happens if property is wrongfully escheated?

    If your financial accounts, such as bank, investment or savings accounts, are declared dormant and the managing financial ... Read Full Answer >>
  5. How do financial advisors help you avoid escheatment?

    Financial advisors can help you avoid the escheatment of your financial assets by regularly reviewing all of your accounts, ... Read Full Answer >>
  6. Are 401(k) accounts escheatable?

    Typically, 401(k) plans are not subject to state escheatment laws because they are covered under the Employee Retirement ... Read Full Answer >>

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