N.J. Admin. Code § 13:47A-2.9

Current through Register Vol. 56, No. 21, November 4, 2024

Section 13:47A-2.9 - "Investment advisory services" defined

"Investment advisory services" is defined as the giving of continuous advice to clients as to the investment of funds on the basis of individual needs of each client, as distinguished from continuous advice of any nature which is not based on consideration of all relevant factors; for example, the nature and amount of other assets, investment and insurance, and the nature and extent of the personal and family obligations of each client. For interpretive purposes, the Bureau follows SEC Release No. IA-770 and SEC Release No. IA-1092.

Amended by R.1997 d.451, effective 10/20/1997.
See: 29 N.J.R. 3119(a), 29 N.J.R. 4463(a).
Added the second sentence.
Amended by R.2008 d.301, effective 10/6/2008.
See: 40 N.J.R. 2061(a), 40 N.J.R. 5820(a).
Section was "'Investment supervisory services' defined". Substituted "advisory" for "supervisory" and deleted "of Securities" following "Bureau".