What is the difference between a registered representative and an investment adviser?

A registered representative and an investment adviser are both individuals who work in the finance industry in Washington. However, they have different roles and responsibilities. A registered representative is a person who is licensed by the Financial Industry Regulatory Authority (FINRA) to buy and sell securities such as stocks, bonds, or mutual funds. They must have passed a test and have several years of experience in the industry in order to be registered and receive their license. An investment adviser is a professional who provides financial advice to clients on areas such as investments, taxes, and estate planning. Investment advisers must be registered with the Securities and Exchange Commission (SEC) and typically have special knowledge in a certain area of financial planning. In Washington, both registered representatives and investment advisers are subject to the state’s Investment Fraud Law. This law was created to protect individuals from fraud and misrepresentation in the securities markets. It requires registered representatives and investment advisors to be properly licensed and adhere to ethical standards when providing investment advice or representing a client. In summary, the difference between a registered representative and an investment adviser is that a registered representative sells and buys securities, whereas an investment adviser provides financial advice to clients. Both are subject to the Investment Fraud Law in Washington.

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What is the difference between a registered representative and an investment adviser?

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