Welcome to our blog post on RIA fiduciary responsibility! If you’ve ever wondered what it means for a Registered Investment Advisor (RIA) to have fiduciary duty, or how it differs from being a financial advisor, you’ve come to the right place. In this article, we’ll dig into the ins and outs of RIA fiduciary responsibility, exploring the SEC’s interpretation and the requirements that RIAs must meet to fulfill their fiduciary duties. So let’s dive in and unravel the world of fiduciary responsibility in the realm of investment advising.
RIA Fiduciary Responsibility
What Is This Fiduciary Business Anyway
Alright folks, let’s break it down: RIA fiduciary responsibility. Big words, right? But fear not, my friends, because I’m here to make it all crystal clear for you. So, what on earth does “fiduciary” mean? Well, it’s a fancy way of saying that someone (like your friendly neighborhood RIA) has a legal obligation to act in your best interest when it comes to managing your hard-earned moolah. Yep, you heard it right – they have a responsibility to prioritize you over their own self-interest. Now, don’t we all wish we had someone like that in our lives?
Your Money Matters – Your Interests Come First
Do you know what this means for you? It means that when you entrust your financial future to a Registered Investment Advisor (RIA), they are legally bound to do right by you. They can’t just go off and invest your money willy-nilly in some questionable scheme that will line their pockets. Oh no! They have to take your goals, dreams, and risk tolerance into account. It’s like having a personal finance guru who’s also your ride-or-die cheerleader, making sure you’re making the best moves for you.
A Fiduciary Relationship: More Than Just a Label
So, it’s not just a fancy word – this “fiduciary” thing is a genuine, bona fide (see what I did there) legal relationship between you and your RIA. And you know what? It’s a pretty darn important one. When an RIA becomes your fiduciary, they are legally obligated to put your interests front and center. They can’t just slip a little something extra into their pocket while they manage your portfolio. Nope, no funny business allowed here. It’s all about transparency, trust, and keeping your financial goals on track.
The Difference Between a Fiduciary and a Regular Joe
Now, hold on just a second – not all financial pros are created equal. Sure, you’ve got the fiduciaries who are like the good guys in those superhero movies. They’ll swoop in and save the day. But then you’ve got those other folks who may not be as noble. They might work on commission or have other incentives that could cloud their judgment. They’re more like the sidekicks who mean well but might not always make the best choices. So, when it comes to managing your money, wouldn’t you rather have a superhero on your side? Someone who’s legally bound to do right by you?
So, my friends, a fiduciary responsibility is not just some hoity-toity phrase – it’s a real deal, no-nonsense commitment that your RIA takes on to protect your financial interests. It means they have your back, and they’ll always put your needs first. When it comes to your money, you want someone who’s looking out for you, right? So, embrace that fiduciary relationship, because it’s like having a superhero on your financial dream team.
What is an RIA
A Walk in the Era of RIAs
Welcome to the world of RIAs, where money talks and fiduciary responsibility reigns supreme. But hold your horses, what exactly is an RIA? Well, let me break it down for you in the simplest and most entertaining way possible.
RIA: The Secret Agent of the Financial World
Imagine a glamorous secret agent, like James Bond, armed not with a license to kill, but with a license to manage your money. That’s what an RIA (Registered Investment Advisor) essentially is. These financial superheroes have the power to make trades, manage portfolios, and help you reach your financial goals. Move over, 007!
A Beacon of Trust and Responsibility
In a world filled with financial jargon and complexity, an RIA is like a trusted friend who simplifies everything for you. They work with your best interests at heart and must adhere to a fiduciary responsibility. That means they are legally obligated to put your needs above their own. Talk about having a friend in the finance world!
What Sets RIAs Apart from the Rest
Are you tired of getting financial advice from strangers in suits spewing complicated terms at you? Well, an RIA is different. They provide personalized financial guidance tailored to your unique needs. Think of them as a cool bartender who knows your drink preferences, but instead of cocktails, they’re serving up solid financial advice. So long, generic one-size-fits-all recommendations!
The Little Known Superpowers of an RIA
RIAs have some serious superpowers under their stylish suits. They have the ability to analyze complex market trends, foresee changes, and make strategic financial moves. It’s like having a psychic friend who can predict the future of the market. Okay, maybe not that accurate, but pretty close!
How to Spot an RIA in the Wild
So, how do you identify an RIA? They are typically registered with the Securities and Exchange Commission (SEC) or state regulators. They will proudly display their title and credentials, assuring you of their financial prowess. But don’t worry, they won’t wear a cape or a mask. Look for the RIA logo and be prepared for a financially enlightening conversation.
Wrapping Up the RIA Adventure
Now that you’re acquainted with the world of RIAs, you can confidently navigate the financial landscape. Remember, an RIA is not just another financial advisor. They are your trusted partner, ready to guide you through the ups and downs of the market. So, embrace the RIA spirit and let them be your financial guardian angel.
That’s a wrap on our adventure into the realm of RIAs! Stay tuned for more exciting finance-related journeys.
RIA vs Financial Advisor
Is There a Difference
When it comes to managing your finances, it’s important to understand the roles of different professionals who can assist you. You may have heard the terms RIA (Registered Investment Advisor) and financial advisor used interchangeably, but are they really the same thing? Let’s break it down and see what sets them apart.
The Similarities
In many aspects, RIAs and financial advisors share common ground. Both are professionals who offer financial guidance and assistance to individuals or businesses. They both aim to help you make smart decisions about your money and investments. So, if they have so much in common, what’s the fuss about?
The Nuances
The main difference lies in how they are regulated. An RIA is bound by a fiduciary duty, while a financial advisor may not necessarily be. What does that mean exactly? Well, imagine if choosing a financial professional was like hiring a pet sitter. Would you want someone who genuinely cares for your pet’s well-being or someone who just wants their paycheck?
The Pet Sitters
An RIA, like the caring pet sitter, has a fiduciary duty, which means they bear the responsibility of acting in their clients’ best interests. This obligation is legally binding, making them accountable for putting your financial goals ahead of their own. On the other hand, a regular financial advisor may operate under a “suitability standard,” which only requires them to recommend investments that are suitable for you, but not necessarily the best option.
Whose Side Are They On
RIAs, as fiduciaries, are committed to being on your side of the fence. Just like the loyal pet sitter, they prioritize your needs and work to build a long-term relationship based on trust and transparency. Financial advisors, however, may have other loyalties, such as commissions or incentives tied to certain investment products. They might still have your best interest at heart, but their financial considerations might sometimes take precedence.
Making the Right Choice
Choosing between an RIA and a financial advisor depends on your personal preferences and requirements. If you value a higher level of duty and accountability, an RIA might be the way to go. But if you’re comfortable with the suitability standard and don’t mind the potential conflicts of interest, a financial advisor might suit your needs just fine.
While RIAs and financial advisors both offer financial guidance, the distinction lies in their levels of responsibility and accountability. An RIA, with their fiduciary duty, may provide a greater sense of security, knowing they are legally obligated to act in your best interest. Ultimately, it’s crucial to research and understand the differences, to ensure you find the professional who aligns with your financial goals and values. After all, when it comes to your money, you deserve a loyal and trustworthy ally.
SEC Fiduciary Interpretation
Understanding the SEC’s Fuzzy Interpretation
So, you’ve got your RIA fiduciary responsibilities down pat, and you’re feeling like a financial superstar. But hold up, because now we need to dive into the confusing world of the SEC’s fiduciary interpretation. Cue suspenseful music.
What on Earth is the SEC thinking?
The Securities and Exchange Commission (SEC), being the rule-making authority that it is, loves to keep us on our toes. When it comes to their fiduciary interpretation, it’s like they’re playing a never-ending game of charades, leaving us scratching our heads. Seriously, guys, just give it to us straight!
Is it a fiduciary or not?
The SEC’s interpretation of what constitutes fiduciary responsibility is about as clear as mud. It’s like they’re speaking a whole different language, and we’re stuck in translation limbo. Sometimes it feels like we’re playing a game of “is it fiduciary or not?” One moment they’re nodding along with fiduciary duty, and the next they’re winking at non-fiduciary relationships. Talk about mixed signals!
The grayest of gray areas
Just when you thought it couldn’t get any hazier, the SEC throws in some handy-dandy exceptions that muddy the waters even further. They love to keep things interesting, don’t they? It’s like they’re saying, “Sure, you can be a fiduciary, but only if you meet these super specific conditions that we won’t explicitly outline.” Thanks for that, SEC. We’re forever grateful.
Navigating the fiduciary jungle
To make sense of this fiduciary maze, you need a compass and a go-getter attitude. It’s time to channel your inner Indiana Jones and embrace the adventure. Start by dissecting the SEC’s interpretations piece by piece. Break them down, analyze, and figure out how they fit into your fiduciary puzzle. It’s a journey, my friend, but keep your chin up!
Don’t fret, be proactive
Instead of waiting for the SEC to hand you a perfectly wrapped fiduciary gift, take the initiative and build your own best practices. Don’t rely solely on the SEC’s interpretation to guide your actions; instead, go above and beyond to prioritize trust, loyalty, and clients’ best interests. If in doubt, just ask yourself, “What would Indiana Jones do?”
Confidence, communication, and clarity
The key to surviving the SEC’s fuzzy interpretation is to be confident in your fiduciary role. Communicate openly and clearly with your clients, so they understand your duties and your commitment to their financial well-being. Transparency is your superpower, my friend. Embrace it!
In conclusion, the SEC’s fiduciary interpretation might feel like an episode of “Lost,” with its twists and turns, but don’t let it deter you. Use your wit, determination, and a dash of humor to navigate the murky waters. Remember, you’re not alone in this fiduciary jungle, and with a hearty laugh and a sense of adventure, you’ll conquer whatever the SEC throws your way. Onward, fiduciary warriors!
RIA Fiduciary Responsibility: Understanding the Advisers Act Fiduciary Duty
What’s the Buzz about the Advisers Act Fiduciary Duty
So, you’ve heard about this thing called the “Advisers Act Fiduciary Duty” and you’re probably wondering what the fuss is all about. Well, my friend, buckle up because I’m about to break it down for you in a way that’s as entertaining as a stand-up comedy show.
The Lowdown on Fiduciary Duty
Picture this: you’re a financial advisor, also known as a Registered Investment Advisor (RIA), and you have a fiduciary duty. Now, that might sound like some fancy legal jargon, but it simply means that you have a responsibility to act in the best interests of your clients.
It’s Like Being a Superhero for Your Clients
Think of it this way: being a fiduciary is like being a superhero for your clients (minus the cape and the ability to fly, of course). You’re there to protect and serve them, making sure that their financial well-being is your top priority. It’s like having a financial guardian angel watching over you.
The Advisers Act: Your Fiduciary Rulebook
To keep things fair and square, the Advisers Act lays down the law when it comes to fiduciary duty. It sets the guidelines for how RIAs should conduct themselves and what they can and can’t do. Kind of like having a rulebook for being a superhero, but instead of fighting off supervillains, you’re fighting for your clients’ financial success.
What’s in it for You
Okay, I know what you’re thinking: “This all sounds great, but what’s in it for me?” Well, my friend, being a fiduciary brings with it a few perks. First, it builds trust with your clients. When they know you have their best interests at heart, they’re more likely to stick around for the long haul. And let’s face it, happy clients mean a happy bank account for you.
So, there you have it: the lowdown on the Advisers Act Fiduciary Duty. It’s like being a superhero for your clients, protecting and serving their financial interests. Just remember, with great power comes great responsibility. Embrace your fiduciary duty and watch your business soar to new heights!
Now, wasn’t that a fun way to learn about fiduciary responsibility? It’s not all dry and boring, my friend. So, go out there and be the superhero your clients deserve!
What is Fiduciary Responsibility
Fiduciary responsibility may sound like a term straight out of a legal textbook, but fear not! We’re here to break it down for you in the simplest, most entertaining way possible. So grab your popcorn and get ready for a wild ride through the world of fiduciary responsibility!
The Lowdown on Fiduciary Responsibility
Alright, let’s start with the basics. Fiduciary responsibility is all about trust, baby! It’s the legal duty that certain professionals have to act in the best interests of their clients or beneficiaries. Basically, they have to put their clients’ needs before their own. It’s like having a personal financial superhero looking out for you!
The Fiduciary Superheroes
Now, let’s meet the fiduciary superheroes! First up, we have the Registered Investment Advisers (RIAs). These financial geniuses are like the Batman of the investment world. They provide advice, manage portfolios, and handle all sorts of financial wizardry for their clients.
Then we have the Fiduciary Financial Planners (FFPs). Think of them as the Iron Man of the financial planning world. They help clients create a plan for their future, whether it’s saving for retirement or buying a yacht (hey, dreams are important!). And of course, they always have their clients’ best interests at heart.
Trust Me, I’m a Fiduciary
So, why is it important to have professionals who are fiduciaries? Well, imagine you’re Captain America, and you need someone to watch your shield while you’re off fighting bad guys. You want someone you can trust, right? That’s exactly how it is with fiduciaries. They’re like your financial sidekicks, always looking out for your best interests and making sure your money is in good hands.
The Difference Between Fiduciaries and the Rest
You may be wondering, “What’s the big deal? Can’t anyone handle my money?” Ah, my friend, that’s where you’re wrong! Not everyone is bound by fiduciary responsibility. That means some financial professionals can make decisions that benefit themselves more than you. Yikes! That’s like having the Joker managing your finances – it’s definitely not gonna end well.
Wrap-Up
In a nutshell, fiduciary responsibility is all about trust, putting clients first, and having financial superheroes on your side. Whether you’re dealing with an RIA or an FFP, you can rest easy knowing that your money is in good hands. So next time you hear the word “fiduciary,” don’t panic! Just remember that it’s all about having someone you can trust to guide you through the financial maze. Stay financially savvy, my friends!
SEC Investment Adviser Fiduciary Duty
Introduction to SEC Investment Adviser Fiduciary Duty
When it comes to handling your hard-earned money, you want to make sure you can trust the person or entity giving you advice. That’s where the Securities and Exchange Commission (SEC) comes in. They have implemented regulations to ensure that investment advisers act in your best interest, just like your favorite Labrador retriever fetching the stick you threw. This responsibility is known as the SEC investment adviser fiduciary duty.
What is SEC Investment Adviser Fiduciary Duty
Think of the SEC investment adviser fiduciary duty as your financial advisor donning the cape of a superhero, with the power to protect your financial well-being. It requires investment advisers, like responsible superheroes, to act in the best interest of their clients. This means that they must put your interests above their own, just like Batman tirelessly protecting Gotham City from evildoers.
What Does SEC Investment Adviser Fiduciary Duty Entail
Under the SEC investment adviser fiduciary duty, investment advisers are required to act with utmost care, skill, and diligence. They should carefully evaluate a wide range of factors before making any investment recommendations. It’s like ordering pizza—you want your financial advisor to consider all the available options and suggest the one that satisfies your craving for financial success.
Additionally, advisers should disclose any potential conflicts of interest that may compromise their ability to act solely in your best interest. Think of it as a magician revealing their tricks before performing them. You deserve to know if they have any vested interests or hidden agendas that could impact their advice.
The Importance of SEC Investment Adviser Fiduciary Duty
SEC investment adviser fiduciary duty is crucial because it helps protect you from potential harm. It ensures that the advisors you trust with your hard-earned money are not putting their interests ahead of yours, like a child who tries to sneak an extra cookie from the cookie jar.
By adhering to this fiduciary duty, investment advisers must provide advice that is not only suitable for your financial goals and risk tolerance but also aligns with your best interests. It’s like having a personal stylist who understands your fashion preferences and can help you choose outfits that flatter your unique style.
Understanding the SEC investment adviser fiduciary duty is essential when navigating the financial realm. By requiring advisers to act in your best interest, the SEC helps protect you from potential conflicts of interest and ensures that you receive advice that aligns with your financial goals. So, next time you seek financial guidance, remember to look for that superhero-like fiduciary duty and trust in the SEC to safeguard your financial well-being.
Fiduciary Responsibilities of an RIA: What’s the Deal with These Requirements
Introduction
So, you’ve decided to dip your toes into the world of Registered Investment Advisors (RIAs) and now you’re wondering about the fiduciary requirements that come along with it. Well, fear not my friend, because I’m here to break it down for you in a way that won’t make your eyes glaze over. Let’s dive right in!
Duty Calls: Acting in the Best Interest of Clients
When it comes to fiduciary responsibilities, the main idea is that as an RIA, you have a duty to act in the best interest of your clients. And no, that doesn’t mean taking them out for fancy lunches or buying them a round of drinks at the local pub (although that would be nice, wouldn’t it?). It means that you have a legal obligation to put your clients’ interests above your own. It’s like being a superhero, but with numbers instead of superpowers.
No Conflicts of Interest Allowed
Now, being a superhero doesn’t mean you can’t have a personal life or make money yourself. However, it does mean that you need to avoid conflicts of interest like the plague. Picture this: you’re recommending a certain investment to a client, but the real reason behind it is that you’ll get a fat commission. That’s a big no-no in the RIA world. You need to disclose any conflicts of interest and make decisions solely based on what’s best for your clients. No sneaky business here!
Transparency Is Key: Disclosing All the Dirty Secrets
You know those embarrassing stories you told your best friend and swore them to secrecy? Well, when it comes to being an RIA, you need to spill all the beans. Transparency is the name of the game. You must provide your clients with all the necessary information regarding fees, potential risks, and anything else that could sway their decision-making process. It’s all about keeping it real and building trust. Like they say, honesty is the best policy (and it won’t get you grounded, either).
Play It Safe: Diversification and Monitoring 24/7
Remember that kid who always had a backup plan for everything? Yeah, that’s you as an RIA. You need to ensure your clients’ investments are diversified and well-balanced, just like a healthy diet. You should regularly monitor their portfolios, making adjustments as needed to keep them on the right track. Think of yourself as their financial personal trainer, guiding them towards wealth and prosperity (and maybe a bit of financial muscle).
Being an RIA may come with its fair share of fiduciary responsibilities, but with great power comes great responsibility, right? As long as you act in your clients’ best interest, avoid conflicts of interest, and maintain transparency, you’ll be well on your way to super-hero status in the financial world. So, put on your fiduciary cape and get ready to save the day, one investment at a time!
SEC-Registered Investment Advisor Requirements
Understanding the Basics
Before we dive into the nitty-gritty details of SEC-registered investment advisor requirements, let’s take a moment to appreciate the irony of discussing something as serious as fiduciary responsibility in a light-hearted manner. Because, let’s face it, financial talk can often be as dry as an unbuttered piece of toast.
What’s in a Name
So, you want to become an SEC-registered investment advisor, huh? Well, buckle up, my friend, because we’ve got some hoops to jump through! The Securities and Exchange Commission, or SEC for short, has a few requirements you’ll need to meet before you can proudly display that shiny registration status.
License to Advise
First things first, if you want to become an SEC-registered investment advisor, you better get yourself a proper license. No, not a James Bond-style license to kill, but rather a humble but important “Series 65” or “Series 66” license. These licenses prove you’ve got the knowledge and expertise to guide people through the ever-changing maze of financial choices.
Regulatory Registration
Now that you’re licensed to thrill (financially, that is), it’s time to get registered with the SEC. They want to know who you are, what you do, and why you do it. Think of it as a dating profile for financial advisors. But instead of listing your love for long walks on the beach, you’ll be detailing your experience, investment strategies, and any disciplinary actions taken against you. No skeletons in the closet, please!
Skilled Obligations
As an SEC-registered investment advisor, you’re not just responsible for investing people’s hard-earned cash. Oh no, you’re also expected to maintain a certain level of expertise. It’s like being a superhero with a specific set of financial powers. You’ll need to stay up-to-date on market trends, new regulations, and any fancy financial products that pop up like mushrooms after rain. Knowledge is power, my friend!
Compliance Conundrum
Last but not least, let’s talk compliance. We all know that playing by the rules is important, but when it comes to the SEC, it’s taken to a whole new level. They have a laundry list of rules and regulations you’ll need to follow, and failure to comply can result in some serious consequences. So, make sure your compliance game is strong, and remember, it’s not just about dotting your i’s and crossing your t’s. It’s about ensuring your clients’ trust and protecting their financial interests.
And there you have it, a whirlwind tour of SEC-registered investment advisor requirements. By now, you should have a better understanding of what it takes to become an esteemed member of this exclusive financial club. So, go forth and conquer the financial world, armed with knowledge, a license, and a sprinkle of humor to lighten the mood along the way!
Do Registered Representatives Have a Fiduciary Duty
What’s the Deal with Fiduciary Duty
Ah, fiduciary duty. It’s like the Gandalf of the financial world—mysterious, powerful, and sometimes hard to pin down. So, what’s the deal with it? And more importantly, do registered reps have this magical duty?
Out with the Jargon!
Before we dive into the nitty-gritty, let’s throw out the complex jargon and bring in the fun. Fiduciary duty is basically the responsibility to act in someone else’s best interests. It’s like being entrusted with your friend’s Netflix password and promising not to take advantage of their impeccable taste in shows.
The Fiduciary Squad
Now, here’s where things get interesting. While RIAs (Registered Investment Advisors) are legally bound to uphold fiduciary duty, registered representatives may not have the same obligations. Gasp! Don’t worry, though, it’s not because they’re the black sheep of the financial world.
Registered Reps: The Free Birds
Registered reps, also known as brokers or agents, have a different role compared to RIAs. They’re like the James Bonds of the financial universe—licensed to sell securities and represent brokerage firms. But when it comes to fiduciary duty, they may not be bound by it. However, they still have a responsibility to act in their clients’ best interests, just not to the same extent as RIAs.
Terms and Conditions Apply
To make things more confusing (because why not?), registered reps may also serve as investment advisor representatives (IARs) and be subject to fiduciary duty when providing investment advice. It’s like having two Facebook accounts—one for work and one for stalking old high school friends. Depending on their role and the services they provide, registered reps may have different hats to wear.
The Great Debate
Fiduciary duty is a hot topic of debate, like pineapple on pizza or cats versus dogs. Some argue that all financial professionals should be held to the same high standard, while others believe that different roles and services call for different levels of duty. It’s a gray area that can make your head spin faster than a roller coaster ride.
Conclusion: It’s a Fiduciary Wonderland
In this curious financial wonderland, the level of fiduciary duty can vary depending on the type of advisor you’re dealing with. So, before hopping into a financial relationship, it’s essential to understand the specific obligations and responsibilities of your potential advisor. And remember, even if someone isn’t legally bound to a high-level fiduciary duty, most reputable professionals still strive to act in their clients’ best interests.
Which Financial Advisors Have Fiduciary Responsibility
Understanding Fiduciary Responsibility: Beyond the Serious Stuff
When it comes to fiduciary responsibility, we definitely need to address the serious side of things. But hey, who says we can’t have a little fun with it too? So, let’s talk about which financial advisors actually have fiduciary responsibility while cracking a few jokes along the way.
Fee-Only Advisors: Financial Knights Out to Protect Your Pocket
Fee-only advisors are like the mighty knights of the financial world. They are sworn to protect and serve their clients’ best interests, never wavering in their fiduciary duty. These noble creatures have a sacred code that clearly states: “I shall never seek personal gain at the expense of my clients’ financial well-being.” With these warriors by your side, you can rest easy knowing your hard-earned money is in trusted hands.
The Legend of the Commission-Based Advisors: Minding Their Moolah
Ah, the commission-based advisors, the rebels of the financial realm. They roam the land, chasing their bread (or rather, commission checks), guided by a slightly different set of rules. While their fiduciary responsibility may be limited to specific products they recommend, rest assured, they still need to prioritize your interests. It’s like having a friend who always has your back, as long as it’s in their best interest too.
The Hybrid Advisors: The Yin, the Yang, and the Money
In the world of financial advice, there exists a mystical breed known as hybrid advisors. They are the perfect blend of fee-only and commission-based advisors, taking the best of both worlds. Picture a beautifully balanced universe where these advisors can wear different hats depending on the situation. They have the power to act as a fiduciary for your fee-based account and as a charming salesperson selling commission-based products. Talk about versatile!
Robo-Advisors: When Artificial Intelligence Matters More Than Human Intentions
Now, let’s step into the realm of the robo-advisors. These little robots may not possess the charm and wit of a human advisor, but they come with significant perks. With algorithms running through their circuits, they are programmed to act in your best financial interest. You don’t need to worry about any conflicted motivations or human errors; they’re all about efficiency and data-driven decisions. Just remember: their humor might be a bit binary.
Finding Your Fiduciary Fairy Godparent
When it boils down to choosing a financial advisor with fiduciary responsibility, there’s no one-size-fits-all answer. What works for one person might not work for another. Each type of advisor has its pros and cons, based on your personal financial needs and preferences. So, embrace the process, and remember that finding your fiduciary fairy godparent might take a little time and research. But trust us, the peace of mind it brings will be worth it!
So there you have it—a light-hearted guide to understanding which financial advisors truly have fiduciary responsibility. Now go forth, armed with this newfound knowledge, and conquer the financial world with a smile (and a healthy dose of due diligence)!
