- Euripides. It is a beautiful trait in the lover's character, that they think no evil of the object loved. - Henry Wadsworth Longfellow. Each character represented a trait that resides in me. - Chuck Jones. No trait is more justified than revenge in the right time and place.
RIAs and Broker-Dealers can be different in many ways, but the main point revolves around compensation. Broker-Dealers are typically compensated by charging a commission on the sale of an investment product, whereas RIAs are typically compensated by charging a fee for advice â two very different structures.
A hybrid RIA firm may find itself regulated by both FINRA and the SEC (or relevant states) given that individuals at the firm may be serving as investment adviser representatives of the advisory firm while simultaneously serving as a registered representative of a broker dealer firm.hile FINRA does not regulate RIAs, it does administer the online application and filing system for the registration of investment advisory firms and individual investment adviser representatives.