The Collaborative International Dictionary of English v.0.48:

advised \ad*vised"\ adj.
   1. 1 Carefully thought out; likely to be the best course; --
      said of actions. Often used in combination; as,
      ill-advised, well-advised. Also See: wise unadvised,
      ill-advised

   Syn: considered, well-advised
        [WordNet 1.5]

   2. Having received information; as, be kept advised.
      uninformed
      [WordNet 1.5]

The Collaborative International Dictionary of English v.0.48:

Advise \Ad*vise"\, v. t. [imp. & p. p. Advised; p. pr. & vb.
   n. Advising.] [OE. avisen to perceive, consider, inform, F.
   aviser, fr. LL. advisare. advisare; ad + visare, fr. L.
   videre, visum, to see. See Advice, and cf. Avise.]
   1. To give advice to; to offer an opinion, as worthy or
      expedient to be followed; to counsel; to warn. "I shall no
      more advise thee." --Milton.
      [1913 Webster]

   2. To give information or notice to; to inform; -- with of
      before the thing communicated; as, we were advised of the
      risk.
      [1913 Webster]

   To advise one's self, to bethink one's self; to take
      counsel with one's self; to reflect; to consider. [Obs.]
      [1913 Webster]

            Bid thy master well advise himself.   --Shak.
      [1913 Webster]

   Syn: To counsel; admonish; apprise; acquaint.
        [1913 Webster]

WordNet (r) 3.0 (2006):

advised
    adj 1: having the benefit of careful prior consideration or
           counsel; "a well-advised delay in carrying out the plan"
           [syn: well-advised, advised] [ant: ill-advised,
           unadvised]
    2: having received information; "be kept advised"