Secure Your Investments With Arizona Registered Investment Advisor

Incidents of millionaires becoming bankrupt in an instant are often heard. These people must have worked day and night to accumulate such huge amount of money. But the biggest mistake they might have made is not hiring the services of a registered investment for their investment needs. Though many people will not agree to such fact, but unfortunately this is the truth. Therefore, if you are planning to invest in the near future, you should definitely make yourself aware of who a registered investment advisor is and the contribution he can make to ensure the success of your investment plan.

Benefits of working with a Registered Investment Advisor

A Registered Investment Advisor provides a host of benefits to its clients and makes the process of investment easy. The major benefits of working with a reputed RIA are as follows

Providing advice on complex financial needs 

People having a significant amount of idle cash need to invest them prudently to ensure it generates high returns. Independent RIAs specialize in providing complex financial advice to maximize the wealth creation of the investor. They are also known to be experts in intergenerational and trusts planning. Others emphasize on sophisticated investment strategies for high net-worth individuals. There are some who even expertise in devising sustainable succession plans and managing family businesses. Choose an Arizona RegisteredInvestment Advisor based on your needs.

Working in collaboration with a third-party custodian

This is a huge benefit for large-scale investors. The investor will receive statements on a regular basis from the custodian providing details of every transaction taking place with respect to the account in addition to any report sent by the RIA. Registered Investment Advisors who are maintaining custody of client assets need to get an annual audit done by any third-party accounting firm for verification of the assets and records of the client.

Selecting the right Registered Investment Advisor

A Registered Investment Advisor plays a crucial role in determining the outcome of your investment plans. Each one is specialized in their own field of expertise. Therefore, it is necessary to hire an advisor who best suits your investment needs. Below are a few tips that can help you in your search for the appropriate RIA –

*You might want an advisor who works on a fee-only basis. This will help to reduce conflict of interest and also their choice of investment proposals for their client will be unbiased. They need not to push any investment just because they are being paid for better returns.

*You can also choose an RIA which is an asset management company so that there are no double fees to be paid to any intermediary for receiving such services, except in a few rare cases.

* A reputed Arizona Registered Investment Advisor charges reasonable fees for the services rendered to its clients. The fees can reach at most 1.50% of the assets under management per annum except under certain circumstances. However, for private index accounts that are passively managed, the fees should be relatively lower at 0.25%.

A Final Word of Advice

Whatever be your preference, make sure you do proper research before hiring the services of the next best alternative. Clear all terms of engagement from appointment to payment so that there is no ambiguity between you and your registered investment advisor.