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Question

RIA vs. broker-dealer: what’s the difference?

Answer

A Registered Investment Advisor (RIA) provides advisory services under a fiduciary standard, meaning advice must prioritize client interests. Broker-dealers primarily facilitate investment transactions and may receive commissions. Because compensation and regulatory obligations differ, clients should understand which role a professional is acting in when receiving advice.

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Last Updated Aug. 5, 2026
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Further Learning

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Investment Management Podcast

Episode 38 – The Science of Investing

CIO Don Calcagni unpacks why active investing underperforms, why indexing is a smart start, and how factor investing can improve your long-term returns.

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Episode 524 – Generational Wealth

John Walker and Jason O’Meara break down the mindsets and strategies that help families grow and preserve generational wealth across decades.

Financial Planning Article

How To Open a Trump Account for Your Child

Trump Accounts (Section 530A) let families invest up to $5,000 a year for any child under 18 — plus a $1,000 federal pilot contribution for kids born 2025 to 2028.

Financial Planning FAQ

What happens to a Trump Account when my child turns 18?

See the answer
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