Registered investment company means an investment company that is registered with the Securities and Exchange Commission under the Investment Company Act of 1940 (15 U.S.C. 80a). Examples of registered investment companies are mutual funds and unit investment trusts.
People also ask, what is the difference between an RIA and a financial advisor?
RIAs offer financial advice to clients, including advice related to investment management. A registered investment advisor may execute trades on your behalf or help you with completing transactions. RIAs may cater to a specific type of client, such as high-net-worth individuals or retirees.
In this manner, what is an RIA in finance?
A registered investment advisor (RIA) is an individual financial advisor or advisory firm that gives investment advice to clients.