Registered investment adviser


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Registered investment adviser

SEC-registered individual or firm that substantiates completion of education and work experience in the field, and pays an annual membership fee.

Registered Investment Advisor

A person or business regulated by the SEC that provides investing advice or counsel to an investor. All investment advisers managing over $25 million must register with the SEC; the actions of all registered investment advisers are governed by the Investment Advisors Act of 1940. Importantly, it is a criminal offense for investment advisers to provide false or misleading information, and to buy or sell his/her own securities to or from a client. Registration helps the SEC enforce these provisions.

registered investment adviser

A professional investment adviser who is registered with the SEC as part of the Investment Advisers Act of 1940. Registered investment advisors are required to register annually with the SEC and to disclose any conflicts of interest they have concerning transactions executed for their clients.

Registered investment adviser (RIA).

Investment advisory firms that register with the Securities and Exchange Commission (SEC) and agree to be regulated by SEC rules are known as registered investment advisers.

Only a small percentage of all investment firms, and an even smaller number of individuals, register, though being registered is often interpreted as a sign that the adviser meets a higher standard.

References in periodicals archive ?
Lincoln Investment Planning is a full-service independent broker/dealer and registered investment adviser providing investment, wealth and retirement planning services nationwide through a network of financial advisors.
Alliance member firms are registered investment advisers working with portfolios of $100,000 or higher who split a 1.
Because the interpretations expanded the definition of those who must register as investment advisers, the number of registered investment advisers grew from 4,580 in 1980 to about 15,000 in 1989.
Source: Letter from the SEC's Office of Compliance Inspections and Examinations to registered investment advisers, 2000.
It would exempt other advisers from SEC registration if the SEC determined that registration would be unfair or a burden, and it would exempt investment advisers registered with the SEC from state investment adviser regulation; however, states may require registered investment advisers to file notices with the state and pay appropriate fees.

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