Registered Investment Advisor (RIA) 

A Registered Investment Advisor (RIA) is a firm or individual that provides financial advice, investment management, and planning services to clients while adhering to fiduciary standards. Unlike brokers who operate under a suitability standard, RIAs are legally required to act in their clients’ best interests. 

Key characteristics: 

• Registered with the Securities and Exchange Commission (SEC) or state regulators. 

• Compensated through management fees, hourly fees, or fixed retainers — typically avoiding commission-based structures. 

• Offer services such as asset allocation, wealth management, retirement planning, and tax optimization. 

RIAs are often chosen by high-net-worth individuals, families, and institutions seeking personalized, unbiased financial guidance.