Q. |
What is a Registered Investment Adviser (RIA)? |
A. |
An RIA is
an adviser registered with the Securities and Exchange Commission who manages
the investments of others. This registration doesn't mean that the person
is recommended by the SEC, it simply means that they are regulated by the
SEC.
In general, an RIA with more than $25 million under management must register with the SEC. RIAs managing less than $25 million are registered at the state level. Registered Investment Advisers differ from commission-based stock brokers because they must adhere to the role of fiduciary indicated by the Investment Advisers Act of 1940. Alpha Capital Management is a fee-only Registered Investment Adviser that accepts its fiduciary responsibilities. |