What Makes Us Different
The financial services industry can be confusing for investors looking to hire a qualified professional. There are many different titles, designations, and firm structures that look similar at first glance. Below is a list of just a few of the differences between ARS Wealth Advisors and our competition.
ARS Wealth Advisors
Fiduciary vs. Suitability
Governing Laws
As an SEC Registered Investment Advisor (RIA), ARS is regulated under the Investment Advisers Act of 1940 and is overseen by the Securities and Exchange Commission (SEC).
Fee Only vs. Fee Based
Independent Advice & Recommendations
ARS is Independent, which means that we only work for our clients. We are free to research and buy only those securities which we feel are best for our clients.
The Other Guys
Fiduciary vs. Suitability
Brokers are held to a lower suitability standard. Broker recommendations may not be in the best interest of their clients and may only be suitable for them.
Governing Laws
Brokers fall under the Securities Exchange Act of 1934 and are overseen by FINRA, the self-regulatory body of the securities industry.
Fee Only vs. Fee Based
Most brokerage accounts are set up as “fee based” accounts. Brokers are paid by the client directly (fee) and also by firms who compensate them based on what the client buys (commission). This structure creates a conflict of interest since brokers are compensated to sell product, rather than to manage money.
Independent Advice & Recommendations
Most brokers work for a broker-dealer (i.e. – Morgan Stanley or Raymond James). This means the broker can only do what the broker-dealer allows him or her to do, even if it is not in the best interest of the client. The broker works for the firm not the client.
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