CHARLOTTE, N.C., Oct. 11, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC is pleased to congratulate nine registered investment advisors (RIA) who have been recognized for their outstanding performance and achievements. These RIAs have demonstrated their commitment to providing excellent financial advice and have made a significant impact on the industry.
A Registered Investment Advisor (RIA) is an individual financial advisor or a company that provides its clients with financial advice. These advisors are registered with the Securities and Exchange Commission (SEC) or state securities regulators and are held to a fiduciary standard, meaning they are obligated to act in their clients' best interests.
Steward Partners Global Advisory, LLC, an employee-owned, full-service independent partnership, has placed in the #21 spot on the list of top registered investment advisors. This achievement highlights the firm's dedication to delivering exceptional financial advice and services to its clients. Steward Partners Global Advisory's success can be attributed to its team of experienced and knowledgeable advisors who prioritize their clients' financial goals.
If you are a financial professional and wish to work as an investment advisor to help individual investors manage their assets, becoming a registered investment advisor can offer numerous benefits. As an RIA, you have the opportunity to build long-term relationships with your clients, provide comprehensive financial planning services, and charge fees for your advice. This fee-based structure ensures that your interests are aligned with your clients' goals.
One key aspect of working with an RIA is the fiduciary duty that these advisors uphold. A financial advisor who's a fiduciary has an ethical duty to make recommendations that are best for you, rather than their own financial gain. This commitment to acting in the clients' best interests sets RIAs apart from other types of financial advisors and establishes a foundation of trust and transparency.
The marketplace for registered investment advisors has seen a rebound in deal activity, reaching levels not seen since early 2022. This surge in activity indicates a growing demand for personalized financial advice and services. Investors are recognizing the value of working with an RIA who can provide tailored strategies and objective guidance to help them achieve their financial goals.
Artificial intelligence-powered investing tool PortfolioPilot has recently received approval from the Securities and Exchange Commission for regulation as a registered investment advisor. This development showcases the increasing integration of technology in the financial industry and highlights the potential for AI to enhance investment decision-making and portfolio management.
For financial advisors considering joining an RIA firm, there are key factors to consider and questions to ask when evaluating potential RIAs. It is essential to assess the firm's investment philosophy, client base, technology infrastructure, compliance procedures, and support services. By conducting thorough due diligence, advisors can find the right fit and position themselves for a successful and fulfilling career in the RIA space.
In conclusion, Steward Partners Global Advisory's ranking as the #21 registered investment advisor emphasizes the firm's commitment to delivering exceptional financial advice and services. The rise in deal activity within the RIA marketplace indicates a growing demand for personalized financial guidance. Financial professionals considering a career as an investment advisor should carefully evaluate potential RIAs to find the right fit. The integration of artificial intelligence in the industry further showcases the evolving landscape of financial advice and investment management.
