a business entity that invests or trades securities for its own account, or an individual or business that exercises investment discretion over the accounts of others. Institutional investment managers may include banks, insurance companies, corporations, pension funds, investment advisers, and broker-dealers.
Series 51: Institutional Investment Manager
Taken from our Series 51 - MSRB Municipal Fund Securities Limited Principal Qualification Exam
Definition of the term Institutional Investment Manager...
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