“Investment adviser representative” means, with respect to an investment adviser who is required to register under this Act, any partner, officer, director of (or a person occupying a similar status or performing similar functions), or other natural person employed by or associated with an investment adviser, except clerical or ministerial personnel, who in this State:
         (1) makes any recommendations or otherwise renders
    
advice regarding securities or investment products;
        (2) manages accounts or portfolios of clients;

Terms Used In Illinois Compiled Statutes 815 ILCS 5/2.12b

  • State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14

         (3) determines what recommendation or advice
    
regarding securities or investments should be given;
        (4) supervises any employee who performs any of the
    
foregoing; or
        (5) solicits, refers, offers, or negotiates for the
    
sale of, or sells, investment advisory services.
    With respect to a federal covered investment adviser, “investment adviser representative” means any person who is an investment adviser representative with a place of business in this State as such terms are defined by the Securities and Exchange Commission under Section 203A of the Federal 1940 Investment Advisers Act.
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