According to the uniform securities act, there is an exemption from registration for investment advisers who solely service institutional investors. institutional investors are defined

Institutional investors are those who have been designated as such by the rule or order of the state Administrator

Explanation:

An institutional investor refers to a non-bank entity or company that exchanges investments in sufficiently large numbers of shares or dollars to qualify for favorable treatment and reduced compensation.

An institutional investor is indeed an entity which works in its stakeholders ' interest. Institutional investors encounter lower regulations for security since they are considered to be much more experienced and ideally able to support themselves.

Institutional investors gets the tools and technical knowledge rarely available to small investors for thorough research into a range of investment choices.

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