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What is a Registered Investment Advisor (RIA)?

April 26, 2017advisor Investment registered ria

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What is a Registered Investment Advisor (RIA)?

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An investment advisor is a fiduciary whose duty is the undivided loyalty to its clients and who must deal fairly and honestly with them. Any person or entity that provides advice and holds itself out as offering financial planning and receives compensation must be registered. A Registered Investment Advisor is a representative of the client who, for compensation, engages in the business of advising as to the value of securities or the advisability of purchasing or selling securities. RIAs are required to register with the SEC and in certain states.