Once Bitten! A Bitcoin Podcast. cover image

@MorgenRochard - Leaving Fiat Life To Find #Bitcoin And Doing What You Love! #290

Once Bitten! A Bitcoin Podcast.

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What's the Difference Between Fiduciary and Registered Investment Advisor?

In the US, if you own and operate something called a registered investment advisory firm, then you are required to be a fiduciary. A fiduciary is somebody who puts their clients first, rather than themselves or any other business interests that they may have. So for instance, there's something called fee-only versus fee-based. And the problem with these terms is that people get them confused, but they're actually very different.

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