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How is a Registered Investment Advisor different from a stockbroker?

April 26, 2017advisor different Investment registered stockbroker

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How is a Registered Investment Advisor different from a stockbroker?

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Sommers Financial Management is an Independent, Fee-Only Registered Investment Advisor, a title that means we are paid only by our clients — never through commissions or hidden fees. Registered Investment Advisors must act in accordance with the Investment Advisor Act of 1940, which holds such advisors to a “fiduciary” standard, meaning they must act in the best interest of their clients at all times.