What is a Registered Investment Adviser (RIA)?

A Registered Investment Adviser (RIA) is a professional financial advisor who is registered with the Securities and Exchange Commission (SEC). These professionals provide advice and investment services to their clients, such as helping them invest their money or manage their portfolios. In order to become a Registered Investment Adviser in Washington, an individual must register with the state’s securities division. Once registered, RIAs must adhere to a set of rules and regulations known as the Investment Advisers Act of 1940. This Act outlines RIAs’ fiduciary duty to their clients, which requires them to provide honest and sound financial advice and act in their clients’ best interests at all times. Additionally, the Act requires RIAs to have a certain level of education and experience in order to safeguard their clients from potential investment fraud. Registered Investment Advisers must also meet certain standards of continuing education, so they are able to stay up to date on industry and legal developments that could impact their clients. Additionally, many states require RIAs to pass the Series 65 exam or the Series 66 exam, which tests their knowledge of and compliance with securities laws. Registration through Washington state also involves submitting paperwork and paying any applicable fees. Registered Investment Advisers can provide valuable insights and advice to their clients, as well as help them select and manage appropriate investments. For these reasons, it’s important to research and find a reputable RIA when looking for financial advice.

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What is a Registered Investment Adviser (RIA)?

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