fiduciary adviser

(A)The term “fiduciary adviser” means, with respect to a plan, a person who is a fiduciary of the plan by reason of the provision of investment advice referred to inby the person to a participant or beneficiary of the plan and who is— (i)registered as an investment adviser under the Investment Advisers Act of 1940 (15 U.S.C. 80b–1et seq.) or under the laws of the State in which the fiduciary maintains its principal office and place of business, (ii)a bank or similar financial institution referred to in subsection (b)(4) or a savings association (as defined insection 1813(b)(1) of title 12), but only if the advice is provided through a trust department of the bank or similar financial institution or savings association which is subject to periodic examination and review by Federal or State banking authorities, (iii)an insurance company qualified to do business under the laws of a State, (iv)a person registered as a broker or dealer under the Securities Exchange Act of 1934 (15 U.S.C. 78aet seq.), (v)an affiliate of a person described in any of clauses (i) through (iv), or (vi)an employee, agent, or registered representative of a person described in clauses (i) through (v) who satisfies the requirements of applicable insurance, banking, and securities laws relating to the provision of the advice.


29 USC § 1108(g)(11)(A)

Scoping language

None: Default is title Scope
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