Before you take advice on how to invest your money, the one thing that is paramount to know is the different legal safeguards and standards of care depending upon from whom you receive your financial advice.
You have three options for receiving investment advice:
1) Registered Investment Advisor (RIA). According to state and federal law anyone providing financial advice for a fee must be registered with his or her State or the federal government as a Registered Investment Advisor (RIA). These individuals are paid a fee by their clients for the advice and are called “Fee–Only” Advisors. They have a …Read More