Registered Investment Advisor (RIA)

A Registered Investment Advisor (RIA) is a person or firm that is licensed by the Securities and Exchange Commission (SEC) to provide investment advice to clients. RIAs are held to a high standard of conduct and must comply with a variety of regulations designed to protect investors.

There are two main types of RIAs: fee-only and commission-based. Fee-only RIAs charge a fee for their services, which is typically based on a percentage of the assets they manage. Commission-based RIAs earn commissions from the products they sell, such as mutual funds and stocks.

When choosing an RIA, it is important to consider the following factors:

* The RIA's qualifications and experience
* The RIA's investment philosophy
* The RIA's fees
* The RIA's conflicts of interest

You can find a list of RIAs in your area by visiting the SEC's website. You can also read reviews of RIAs online or ask for recommendations from friends or family.

Working with an RIA can be a great way to get the investment advice you need to reach your financial goals. However, it is important to choose an RIA that is qualified, experienced, and has a track record of success.