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What is an Independent Registered Investment Advisor (RIA)?
- An RIA is in the business of giving advice.
- An independent RIA is not owned by another company or institution.
- An RIA has a Fiduciary Responsibility to their clients. They are legally required to put the client’s interest first. This is a higher standard that what is required of brokerage firms, which is the suitability of an investment for an individual client.
- An RIA is typically compensated by fees for advice, rather than commissions on buying & selling.
- An RIA is regulated by the Securities and Exchange Commission (SEC) or the state in which they operate.
Blog
A Defensive Shift
Today , October 2 , 2020 the level of uncertainty reached the threshold that caused us to begin taking about 25% of the market exposure off of the table. These funds have been placed into a short-term US Government bond fund.
As many of you know from previous e-mail blasts and ne
Update On Hurricane Sally Impact
As most of you are aware, our offices at Southern Capital were in the path of Hurricane Sally. Our physical office had power restored on Monday. This means that our phones systems are back up and working correctly. Some of us are staffing the office and some are still working remotely, as we have been since March.
As we mentioned in a previous update, everyone on our staff is fine. We just have a ton of clean up to do in our yards. Also, as of today, our entire staff now has power and running water in their homes! Terry drew the short straw. He was the last to regain p
The Market Has Been Correcting
Corrections are never pleasant. They are part of the market process to determine "price discovery" – which is when a willing buyer and a willing seller agree on a price and a trade occurs. The market experienced phenomenal growth from the March 23 low to the September 2 high without a correction. That torrid pace was 56.66% over a 5 and 1/3 month period. Clearly this an unsustainable pace but not necessarily the end of the bullish run.
A correction is a way of bringing some sobering reality to an overly speculative market. However, it does not necessarily mean that the bull is over and a bear market is beginning.
