What is a Registered Investment Advisor?

JPG Wealth is a fee-only Registered Investment Advisor and is held to and follows a fiduciary standard.

A Registered Investment Advisor (RIA) is a person or firm who has registered either with the Securities and Exchange Commission (SEC) or state securities authorities in connection with the management of others’ investments. An RIA does not receive income on a transaction for any investment product, but they are generally paid a fee as a proportion of the assets under management.

An RIA has a fiduciary duty to his or her clients, which means that he or she has a fundamental obligation to provide suitable investment advice and always act in the clients’ best interests. (As defined Investopedia).

It is among the highest standards available and is what you should expect in a relationship with an RIA. The use of a fiduciary in managing your assets is not going to guarantee the results of your portfolio but does align the advisor’s interests with your own. The quality of RIAs varies and still should be subject to your normal vetting process and due diligence.