Adviser | a person or company engaging in or holding out the person or company as engaging in the business of advising others with respect to investing in or the buying or selling of securities or exchange contracts (Examples: Portfolio Managers, Investment Counsel and Securities Advisers) |
Dealer | a person or company that trades in securities or exchange contracts as principal or agent (Examples: Investment Dealers, Mutual Fund Dealers and Scholarship Plan Dealers) |
Investment Counsel | an adviser who shall not instruct any trades in securities, or exchange contracts on behalf of any client without advising the client of the specific trade being proposed, and obtaining the approval of the client for that specific trade |
Investment Dealer | a firm that is registered to trade, buy or sell all types of securities. The Investment Dealers Association (IDA) registers these firms on behalf of the ASC. |
Investment Fund Manager (or “Fund Manager”) | a person or company who has the power to direct and exercises the responsibility of directing the affairs of an investment fund |
Mutual Fund Dealer | a firm that is registered to trade, buy or sell mutual funds |
Portfolio Manager | an adviser registered for the purpose of managing the investment portfolio of the adviser’s clients through discretionary authority granted by the clients |
Registrant | a person or company registered or required to be registered under Alberta Securities Act or the regulations |
Salesperson | an individual who is employed by a dealer for the purpose of making trades in securities or exchange contracts on behalf of that dealer |
Scholarship Plan Dealer | a firm that is registered to sell a specific group scholarship plan or education savings plan |
Securities Adviser | an adviser who provides advice to a non-specific client, for example a newsletter or magazine |