investment advisor
(8) Investment advisors For purposes of paragraph (1)(F)— (A) In general A person is described in this paragraph if such person— (i) is an investment advisor, (ii) is a member of the family of an individual described in clause (i), or (iii) is a 35-percent controlled entity (as defined in paragraph (3) by substituting “persons described in clause (i) or (ii) of paragraph (8)(A)” for “persons described in subparagraph (A) or (B) of paragraph (1)” in subparagraph (A)(i) thereof). (B) Investment advisor defined For purposes of subparagraph (A), the term “investment advisor” means, with respect to any sponsoring organization (as defined in section 4966(d)(1) ), any person (other than an employee of such organization) compensated by such organization for managing the investment of, or providing investment advice with respect to, assets maintained in donor advised funds (as defined in section 4966(d)(2)) owned by such organization.