Jill on Money with Jill Schlesinger Do You Need a Registered Investment Advisor?
9 snips
Jan 9, 2026 Jonathan Beatty, head of Schwab Advisor Services at Charles Schwab, sheds light on the world of independent Registered Investment Advisors (RIAs). He explains the fiduciary duty of RIAs to prioritize client interests and details how they offer comprehensive services beyond just investments. The conversation delves into the collaborative culture among RIAs, emerging trends like succession planning, and the transformative role of AI, which enhances advisor workflows while maintaining crucial emotional connections. Beatty also emphasizes the importance of democratizing financial advice.
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Independence Means Full Flexibility
- Independent RIAs own their firms and can access the whole industry's solutions for clients.
- That independence lets advisors choose best-fit investment, tax, and estate services without corporate constraints.
Fiduciary Duty Drives Comprehensive Care
- Independent advisors operate as fiduciaries required to act in clients' best interests.
- They often deliver comprehensive services beyond investments, like tax and estate planning.
Conference Shows Collaborative Culture
- Jill describes attending an RIA conference where firms freely shared best practices and client solutions.
- She contrasts that collaborative culture with the 'eat what you kill' mentality at larger captive firms.