What is a Registered Investment Adviser (RIA)?

A Registered Investment Adviser (RIA) is an individual or organization that provides advice on investments and portfolio management. They must register with the state where they do business, and in the state of Florida, they must register with the Florida Office of Financial Regulation. RIAs are held to a fiduciary standard, which means that they are legally obligated to act in their clients’ best interests when providing investment advice. This means that RIAs must disclose to their clients any and all fees and commissions that they receive for their services. RIAs must also pass a test and obtain a license for the state in which they do business. In Florida, a qualified applicant needs to pass the Series 65 or Series 66 exams, which cover topics such as securities laws, financial analysis techniques, portfolio management, economics, and other related topics. RIAs are closely monitored and regulated by the state. In the state of Florida, RIAs must file annual reports and disclosures with the Office of Financial Regulation to ensure that they follow applicable laws and regulations. Ultimately, an RIA is an individual or organization that provides advice on investments and portfolio management to their clients. They are held to a higher standard and must be registered with the state and pass a series of tests in order to do business. It is important for investors to ensure that any RIAs they are working with are registered in the state of Florida and meeting all applicable laws and regulations.

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What is a Registered Investment Adviser (RIA)?

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