kaal:claim:2337268-006

The frequency of advice helps determine adviser status: advice rendered occasionally, rarely, and in a non-periodic fashion makes classification as an investment adviser less likely.

Source quote, verbatim

Finally, the frequency of rendering investment advice helps define whether a person is an investment adviser. Providing investment advice occasionally or rarely and in a non-periodic fashion makes it less likely for a person to be considered an investment adviser.

From

Wulf A. Kaal, Investment Adviser Regulation (2013), 1. Definitions, p. 6
https://ssrn.com/abstract=2337268 · source PDF

Cite as

Wulf A. Kaal, Investment Adviser Regulation (2013). SSRN: https://ssrn.com/abstract=2337268

Holds when

determining whether a person is in the business of rendering investment advice

Classification

conditionsupport: arguedprivate-funds

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