His one thought of the incident was that the lieutenant was a pecul- iar
creature to feel interested in such matters upon this occasion.
When hiring an IAR, that person will almost always have background and disclosure information that is searchable through the Investment Adviser Public Disclosure website (IAPD).
My prior article assumed that the candidate is an IAR, and would need to be licensed and registered as such to provide investment advice.
If the candidate will not perform any of the above-enumerated functions, he/she will not be deemed an IAR or need to become licensed or registered.
The new guidance suggests that an RIA or IAR will not face enforcement action for public comments appearing on thirdparty, independent social media sites, so long as:
* The RIA or IAR has no ability to affect which public commentary is included or how it is presented.
AN INCREASING NUMBER OF INDEPENDENT AGENTS are evaluating whether to set up a registered investment adviser (RIA) firm or become an investment adviser representative (IAR) of an existing RIA firm.
The ability to offer written retirement and financial plans to prospective clients stands out as a main benefit of becoming an RIA or IAR. Being an RIA does not mean giving up on being an insurance agent.
Only states require registration of IARs, not the SEC.
It is important to be familiar with your jurisdiction's laws on IARs because not all states treat supervisory personnel as IARs.
"FSI members demonstrated that IARs
who were providing investment advice in Minnesota prior to the requirement are well qualified by virtue of their experience and encouraged the department to waive the exam requirement for existing IARs
and those with certain designations," according to FSI.