Advisors v/s Adviser - competition!

[Sumeet Kohli]

Dear Friends,

What do you think who is an ideal advisor? what are the qualities required to be the best advisor in our financial services domain. Your views please. just to share a thought...difference between Advisor v/s Adviser.

Both spellings, advisor and adviser, are grammatically correct and denote someone who provides advice. Some sources suggest that adviser refers to anyone who gives advice, while advisor refers to one who is specifically tasked to provide advice. According to one textbook, adviser and advisor are not interchangeable in the financial services industry, since the term adviser is generally used "when referring to legislative acts and their requirements and advisor when referring to a practitioner. Since [a financial advisor's practice] is never described as an advisery practice, advisor is preferable when not referencing the law.

Please share your thoughts by end 7th May and we will collectively select a winner for the best answer amongst all!

Let's have some action guys....!

Regards,

Sumeet Kohli