Approaches Differ for B-Ds, RIA CIOs

Daryanani, Gobind
June 2008
Journal of Financial Planning;Jun2008 Trends in Investing, Vol. 21, p14
Academic Journal
The article reports that high-net-worth investors are attempting to increase their knowledge of possible investments by studying the operating styles of registered investment advisers (RIAs) and broker-dealers (B-Ds). The author conducted a poll of a group of chief investment officers and their counterparts at RIA firms and discovered that since B-Ds work at larger firms with greater access to investment research and firm strategists, they could exercise more investment strategy than their counterparts. B-Ds do not have discretionary powers and cannot make trades without their clients' consent.


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