Monday April 17, 2017
By Conor Delaney
When thinking of the word hybrid, combining two elements together probably comes to mind. People tend to imagine hybrid cars, golf clubs and even smartphones. Essentially, when hearing the word hybrid, people think of getting the best of both worlds.
However, while speaking about the advisory practice in the financial industry, when combined with the term registered investment adviser, the word hybrid remains confusing to many people. In simple terms, a hybrid RIA is registered as both an RIA and a broker/dealer, allowing advisers to operate both a fee- and commission- based practice. In this ever-changing industry, clients’ needs are becoming more and more high level and complex.
With particularly high net worth clients, a hybrid adviser can offer a broad range of advice-driven strategies and solutions while providing comprehensive guidance on all aspects of a client’s financial position… Read Full Article Here!