Choosing the Right Financial Advisor: Fiduciary vs. Traditional Firms
A list of the Best Financial Advisory Firms of 2023 has been developed by Statista for USA TODAY, based on the growth of their assets under management over the short and long term, and recommendations from clients and peers. Registered investment advisers (RIAs) are recommended as they have a fiduciary duty to act in their clients’ best interests at all times. RIAs charge fees rather than sales commissions and employ investment adviser representatives (IARs) who are licensed to give financial advice. The article provides tips on how to choose an RIA, including finding a firm based in your city or state, deciding on the type of service you want, and considering the fees.