Financial Planning and Investment Advisors With Luke Montaine

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A registered Investment Advisor (RI) is an individual professional company that provides investment advice to clients and manages the personal assets of investors. Most Registered Investment Advisors (RIAs) are required to pass both an examination and a certification exam administered by the Financial Industry Regulatory Authority (FINRA).

Most RIs are required to be licensed by state financial agencies and are also bound by federal and state securities laws. There are several types of RIs (, including mutual funds, investment advisers, self-directed investment units, limited partnerships, and real estate investment advisers. A registered investment advisor company holds the license to sell financial products.

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A financial advisor can give sound financial advice and recommendations to families, students, businesses, and individuals on the different available investment options Roadmap Investments. The best thing about hiring an adviser is that they have experience in dealing with various investment issues and know how to guide you through the process of choosing the right option. They also have the expertise to provide sound advice depending upon the requirements of the client.


Investment Advisors

However, if you have made up your mind to use a registered investment advisor, make sure you check their credentials and make sure that the services they are offering you are completely legitimate. In order to ensure that you are hiring an advisor who is reliable and trustworthy, you can always do a background check on them.

It is very important for an individual to understand the difference between a financial planner and an investment advisor. A financial planner helps you make financial plans and provides advice to people in regard to those plans. They help you strategize and evaluate the potential of a particular investment option. However, an investment advisor is not allowed to give legal advice but rather he or she can only advise you and can help you select an option.

Final Words

Although financial planners are considered professionals and have gone through education and training to obtain their particular degree, there are still instances when their advice proves to be detrimental to their clients’ monetary goals. Therefore, before you entrust your financial future in the hands of a planner or an investment advisor, make sure you understand the difference between these two professionals.