X-Nico

3 unusual facts about Registered Investment Advisor


First Command Financial Planning

In anticipation of an SEC ruling requiring that all firms whose primary business is financial planning must become a Registered Investment Advisor (RIA), First Command filed with the SEC to become one in the spring of 2005.

Registered Investment Advisor

The numerous references to RIAs within the Investment Advisers Act of 1940 popularized the term, which is closely associated with the term investment advisor (spelled "investment adviser" in U.S. financial law).

As Investment Adviser Representatives (IARs) they are held to the "Fiduciary Standard" as defined under the US Investment Advisers Act of 1940 when providing investment advice to clients.



see also

Dale Folwell

He is a former Vice President and Registered Investment Advisor for Deutsche Bank/Alex Brown.