A registered investment advisers denoted by the abbreviation RIA is a person who has been certified and is registered with the state or alternatively with the Securities and Exchange Commission (SEC). These individuals give advice to people or firms about their investment plans and where to invest. It is a rule that those investment advisors who handle investments of more than twenty five million U.S Dollars are supposed to get themselves registered with the Securities and Exchange Commission and those who handle amounts less than this are supposed to register with the state.

There are certain specifications from the United States government regarding registered investment advisors. Getting registered is a compulsory factor according to the Investment Advisor Act that came out in the year 1940. There are no registration fees charged by the Securities and Exchange Commission from the investment advisor for getting registered. Though the state registration procedure involves a fees structure.

For registering as an investment advisers at the official government or federal stage there is no exam required

by the Securities and Exchange Commission. But for registering on a state level the investment advisor may have to clear an exam. The investment advisor should contact the local state registering office about the details of the registration procedure. Usually the investment advisor can get information about the state exams from an authentic state agency. They can also collect the forms for the exam that are available at the agency and also a registration packet. There are certain criteria are required by the state council. So if you are planning to register with more than one state then you should check whether you qualify for these criteria s or not.

A registered investment advisor works for a firm or a person who needs some financial investment advice. They work on a fee basis and take fees for their services like financial planning, investment management, investment advice etc. there are some cases wherein the person who is taking the assistance of a registered investment advisor gives his a discretionary permission i.e. the registered investment advisor can handle the investments for the person on his own without seeking permission from him time to time before an investment. This is however applicable in few cases and not in all. It depends on the choice of the client.

The duties of a registered investment advisers include setting financial targets for his/ her client, and determining the risks that the client can face and the financial burden that they can bear. Cases where the registered investment advisor is granted with a discretionary authority he should utilize this opportunity to work for the benefit of his client and work in such a way that the client achieves a gain in his finances. The registered investment advisor is supposed to manage the investments carefully because he shares a very important and special relation with the client and is required to be trustworthy. The registered investment advisor is also supposed to forecast the future returns of the investment for the client.

It is very important that you should be comfortable while talking your registered investment advisor regarding your financial issues. Besides the registered investment advisor should also be ready to answer your questions whenever you ask him/ her about anything regarding the investment and the financial matters. For a registered investment advisor to be good at his work he should have excellent communication skills. Make sure that the registered investment advisor tries to understand your queries and is interested in your profile. Usually the registered investment advisor does not compare their offers with the other financial investment companies but some of them do. Make sure that the registered investment advisor works for your financial growth and not for the profit of some mutual fund firm.

It is advised that before you start looking for a registered investment advisor you should work out your needs and requirements. Determine your aims and targets so that it is easy for you to look for a registered investment advisor. When you meet a registered investment advisor for the first time talk to him about your future plans of investments. See what he has to offer you and then make your choice. It is always adviced that do not stick to the first advisor that you meet. Look around and meet a few of them then make your decision. If you take these steps then you can get a good registered investment advisor to manage your investments.

It is better that you personally meet the registered investment advisors to start off with. By doing this you can get to know how these advisors are and you can determine as to which one you should appoint. You can also ask them questions that you feel are important about investment and your future plans. You should also ask them questions about the documents that are essential to determine the authenticity of the registered investment advisor.

If you take care of these things and select a registered investment advisor with much thinking and research then you can have a great financial investment back up. The choice of a registered investment advisor is very important for you to make a successful investment. Besides don t take advice from people who are not much experienced and don t have much knowledge about the subject