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RIA (Registered Investment Advisor)

Industry Terms

A Registered Investment Advisor (RIA) is a person or firm that advises clients on securities investments and manages portfolios. RIAs are registered with the SEC or state regulators and are held to a fiduciary standard — legally required to act in clients' best interests.

RIAs are fiduciaries — a higher legal standard than broker-dealers.

Further reading: Wikipedia

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