Investment Advice

DEFINITION of 'Investment Advice'

Any recommendation or guidance that attempts to educate, inform or guide an investor regarding a particular investment product or series of products. Investment advice can be professional; that is, the investor pays a fee in exchange for the qualified professional's guidance and expertise, as seen with financial planners; or, investment advice can be amateur in nature, as with certain internet blogs, chat rooms or even conversations.

BREAKING DOWN 'Investment Advice'

Investment advice refers to any recommendations regarding an investor's portfolio. Many professionals, including financial planners, bankers and brokers, can provide investors with investment advice that is specific to their financial situation and short- and long-term financial goals. Due to the vast amount of investment advice available, particularly online, an investor may wish to determine the qualifications of the person dispensing the advice prior to making any investments. Ultimately, it is up to the individual investor to decide which investments are most suitable.

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RELATED FAQS
  1. Are professionals, such as financial planners and brokers, liable for the advice ...

    In the U.S., the Securities and Exchange Commission (SEC) does its best to protect investors from being cheated. To do so, ... Read Answer >>
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    I am 26 years old and at the end of this year plan to have between $80K and $90K saved. I don't know what to do with ... Read Answer >>
  3. How do I invest with a full service broker?

    I would like to know how to get a broker who has the time to get to know me and my situation. I also want... Read Answer >>
  4. What's the difference between a financial advisor and a financial planner?

    Seeking professional advice from a financial advisor may involve asking for financial help from a certified financial planner, ... Read Answer >>
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