What designation is given to individuals that provide advice on specific securities?

• A. Investment Advisor
• B. Restricted Portfolio Manager
• C. Carrying Broker
• D. Discretionary Manager

Answer: (B)

The designation given to individuals who provide advice on specific securities is "Investment Advisor." This title is designated for professionals who give personalized advice, manage investment portfolios, and can offer recommendations based on a client’s financial situation and investment objectives. Investment Advisors have a fiduciary duty to act in the best interest of their clients, which is crucial in maintaining trust and integrity in finance.

The other options lack the broad scope associated with the term "Investment Advisor." While a Restricted Portfolio Manager may have some advisory functions, their role is typically limited in certain aspects or to specific types of investments. A Carrying Broker mainly deals with the settlement and execution of trades, focusing on operational aspects rather than providing investment advice. A Discretionary Manager has the authority to make investment decisions on behalf of clients but doesn't necessarily provide advice on specific securities in the same personalized manner as an Investment Advisor does. Therefore, the correct designation aligns directly with the role of providing advice on specific securities.