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Business Model for Independent
RIA's |
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An
RIA engages in the business of advising others, either directly
or through publications or writings, as to the value of securities
or as to the advisability of investing in, purchasing, or selling
securities, or who, for compensation and as part of a regular
business, issues or promulgates analyses or reports concerning
securities.
A
typical Investment Advisor:
- Registers
either with their state or the SEC by filing Form ADV and
meeting other requirements.
- Registered
Investment Advisors are independent contractors - self employed
or employees of their own firms. In many states they are
required to be registered and to hold a Series 65 license
or have a combination of Series 7 and 66.
- Typically
charges a fee based on a percentage of client's total portfolio
to manage their portfolio (typical range = 80 - 150 bps/yr).
Or, may charge hourly or flat fees.
- Evaluates
client's needs and risk tolerance, and advises on appropriate
investments.
- Monitors
client's portfolio. Regular performance reports may be provided.
- May
provide other wealth management services, such as retirement,
trust, tax, charitable giving, estate and financial planning
services.
- Uses
a broker/dealer and/or bank to custody assets and to settle
and/or to execute trades.
- Successful
Registered Investment Advisors help their clients achieve
their financial goals.
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Securities
offered through WallStreet*E, WallStreet Electronica Inc.,
Financial Industry Regulatory Authority (FINRA)
All accounts carried by Ridge Clearing / Ridge Clearing & Outsourcing Solutions, Inc. member
FINRA
© copyright 2007 All rights reserved
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Registration
& Compliance
