Registered Financial Advisor
More About Registered Financial Advisor or Registered Investment Advisor (RIA) The client profile of registered investment advisors ranges from corporate houses to individual entities. RIAs themselves mostly operate as partnership businesses or business corporations. However, individuals also operate as IRAs.
It is to be noted that registration with the Securities and Exchange Commission only implies that the RIA is under the regulatory authority of the commission. It does not tantamount to recommendation of any kind from the commission. Fee Structure of IRAs IRAs charge a compensation or fee for their services. The fee is usually calculated as a percentage of the proportion of client asset managed by the investment advisor. Increment of client asset base augments the income accruing to the concerned investment advisor. Conclusion Registered investment advisors are much sought after professionals in the modern day financial sector. They are basically money managers. They are adept at economic analysis, financial interpolation, accounting rules, quantitative tools and management basics.
However, since it's one's money that one is trusting with, one should always go for a registered financial advisor. One pays the RIAs money to make more money.