> ## Knowledge Base Index
> Fetch the complete knowledge base index at: https://biasinvestors.crisp.help/sitemap.xml
> Use this file to discover available pages before exploring further.
> Pure-Markdown content can be obtained by appending a '.md' suffix to the content URLs listed in the sitemap (without the trailing slash).

# Investment Adviser (IA)

A firm or individual, as defined in the Investment Advisers Act of 1940, that provides investment advice about securities, is in the business of giving advice, and is compensated for that advice. Mutual funds have an investment adviser to manage the fund’s portfolio.