Post by cxgllc on Feb 20, 2019 6:31:10 GMT -5
All financial advisors fall into one of two broad categories: Registered Investment Advisors (RIAs) and broker-dealers. RIAs are fiduciaries, while broker-dealers aren’t.
RIAs are registered with the Securities and Exchange Commission (SEC) or their state securities regulator, depending on their size. Most broker-dealers, meanwhile, are members of the Financial Industry Regulatory Authority (FINRA), which is regulated under the Securities and Exchange Act of 1934.
Broker-dealers are held to what’s referred to as a suitability standard when offering financial and investment advice, rather than a fiduciary standard. This means that their advice must be “suitable” for the client’s needs at that particular time.
I need a compliance officer| RIA registration services
RIAs are registered with the Securities and Exchange Commission (SEC) or their state securities regulator, depending on their size. Most broker-dealers, meanwhile, are members of the Financial Industry Regulatory Authority (FINRA), which is regulated under the Securities and Exchange Act of 1934.
Broker-dealers are held to what’s referred to as a suitability standard when offering financial and investment advice, rather than a fiduciary standard. This means that their advice must be “suitable” for the client’s needs at that particular time.
I need a compliance officer| RIA registration services