What is Adviser?

Legal Definition
An adviser or advisor is normally a person with more and deeper knowledge in a specific area and usually also includes persons with cross functional and multidisciplinary expertise. An adviser's role is that of a mentor or guide and differs categorically from that of a task specific consultant. An adviser is typically part of the leadership, where as consultants fulfill functional roles.

The spellings adviser and advisor have both been in use since the sixteenth century. Adviser has always been the more usual spelling, though advisor has gained frequency in recent years and is a common alternative, especially in North America.
-- Wikipedia
Legal Definition
A party who gets a fee for managing a mutual fund. Its usually less than one percent of the assets value. AKA advising bank.