What does Advisory Broker mean?

Advisory Broker meaning in Finance Dictionary

an agent who not only discounts in stocks and stocks on behalf of their client, and advises on what shares must be bought and offered when it comes to portfolio. The broker will get in touch with the customer to suggest changes in the structure associated with the profile, but doesn't have authority to trade on an entirely discretionary basis. Your client will pay a commission on working and may spend fees in line with the value of the portfolio.