Understanding the RIA model
RIAs do things differently. At Schwab, we advocate for independent advisors and believe in the freedom of the RIA model. It's a good idea to get familiar with how this model differs from other financial advice models, and to understand some of the top benefits of working with an RIA.
What is an RIA?
An RIA manages the assets of affluent, often high-net-worth individuals and institutional investors.
RIA firms are registered with the Securities and Exchange Commission or state securities regulators, are subject to the Investment Advisers Act of 1940, and have a fiduciary duty to act in the best interest of their clients.
Many independent RIA firms:
- Work with complex portfolios and address unique needs that require a highly customized level of investment management strategy and consultation
- Are owned by the individual advisors who run them
- Provide advice and services for a fee based on a percentage of the client’s assets
Seeing opportunities for your future
Interested in finding out what the RIA industry could offer you? Watch these videos from college students.
Watch video: Dan Costigan – University of California, IrvineCollege student Dan Costigan discusses the opportunities he sees in the RIA model.
Watch video: Lauren Eagan – Loyola Marymount UniversityCollege student Lauren Eagan expresses her surprise over the numerous career paths found in the RIA model.
Watch video: Cassidy Farar - Brigham Young University - Idaho
College student Cassidy Farar shares what stands out to her about RIAs and how advisors can help drive more awareness of the profession with students.
Here are a few good places to start your research:
How does Schwab work with RIAs?
For information on Schwab and how we work to support independent advisors, begin by looking through the content here: