As used in this chapter, unless the context otherwise requires:

1. 1. “Client” means a person who receives advice from a financial planner.
2. 2. “Compensation” means a fee for services provided by a financial planner to a client or a commission or other remuneration derived by a financial planner from a person other than the client as the result of the purchase of a good or service by the client.

3. 3. “Financial planner” means a person who for compensation advises others upon the investment of money or upon provision for income to be needed in the future, or who holds himself or herself out as qualified to perform either of these functions, but does not include:

   1. (a) An attorney and counselor at law admitted by the Supreme Court of this State;
   2. (b) A certified public accountant who holds a certificate issued pursuant to NRS 628.190 to 628.310, inclusive; or

   3. (c) A producer of insurance licensed pursuant to chapter 683A of NRS or an insurance consultant licensed pursuant to chapter 683C of NRS,

      whose advice upon investment or provision of future income is incidental to the practice of his or her profession or business.

(Added to NRS by 1993, 1372; A 1995, 1453, 1635; 1997, 530; 2001, 2256; 2017, 1796, 3476)