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In the context of financial regulations, an Advisor typically refers to individuals who provide investment advice or manage portfolios on behalf of clients. A portfolio manager or restricted portfolio manager falls under this definition because they are specifically involved in creating and overseeing investment strategies, making investment decisions, and guiding clients on their financial planning. Their role inherently involves advising clients, making them an essential part of the financial advisory framework.

The other roles, while important within financial organizations, do not primarily focus on providing direct client advice in the investment context. A registered agent is usually involved in the selling of securities and facilitating transactions rather than offering advice. A compliance officer ensures that the organization adheres to regulatory requirements, and a risk assessment analyst evaluates risks but does not engage in advising clients on investment options directly. Thus, the role of a portfolio manager or restricted portfolio manager aligns best with the definition of an Advisor in financial regulation.