{"id":5340,"date":"2024-05-27T12:46:35","date_gmt":"2024-05-27T12:46:35","guid":{"rendered":"https:\/\/wp-api.pocketful.in\/blog\/?p=5340"},"modified":"2025-03-12T05:29:32","modified_gmt":"2025-03-12T05:29:32","slug":"rias-vs-mfds","status":"publish","type":"post","link":"https:\/\/wp-api.pocketful.in\/blog\/rias-vs-mfds\/","title":{"rendered":"RIAs vs MFDs: Who Is Better?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">People have many goals in life, like getting married, having children, buying a dream home, etc. However, nobody knows how to properly plan for such events. This is where investment advisors come in, helping you with thorough financial planning. The problem is, many people confuse SEBI\u2019s Registered Investment Advisors (RIAs) with Mutual Fund Distributors (MFDs).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Keep on reading; all your queries related to this will be cleared.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/wp-api.pocketful.in\/blog\/rias-vs-mfds\/#Mutual_Fund_Distributors\" title=\"Mutual Fund Distributors\">Mutual Fund Distributors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/wp-api.pocketful.in\/blog\/rias-vs-mfds\/#Duties_of_Mutual_Fund_Distributors\" title=\"Duties of Mutual Fund Distributors\">Duties of Mutual Fund Distributors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/wp-api.pocketful.in\/blog\/rias-vs-mfds\/#Eligibility_of_a_Mutual_Fund_Distributors\" title=\"Eligibility of a Mutual Fund Distributors\">Eligibility of a Mutual Fund Distributors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/wp-api.pocketful.in\/blog\/rias-vs-mfds\/#Registered_Investment_Advisors\" title=\"Registered Investment Advisors\">Registered Investment Advisors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/wp-api.pocketful.in\/blog\/rias-vs-mfds\/#Duties_of_RIAs\" title=\"Duties of RIAs\">Duties of RIAs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/wp-api.pocketful.in\/blog\/rias-vs-mfds\/#Eligibility_of_RIAs\" title=\"Eligibility of RIAs\">Eligibility of RIAs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/wp-api.pocketful.in\/blog\/rias-vs-mfds\/#Difference_between_MFD_RIA\" title=\"Difference between MFD &amp; RIA\">Difference between MFD &amp; RIA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/wp-api.pocketful.in\/blog\/rias-vs-mfds\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/wp-api.pocketful.in\/blog\/rias-vs-mfds\/#Frequently_Asked_Questions_FAQs\" title=\"Frequently Asked Questions (FAQs)\">Frequently Asked Questions (FAQs)<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"h-mutual-fund-distributors\"><span class=\"ez-toc-section\" id=\"Mutual_Fund_Distributors\"><\/span>Mutual Fund Distributors<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/05\/Marketing-consulting-amico-1.png\" alt=\"Mutua Funds Distributors\" class=\"wp-image-5344\" style=\"width:345px;height:auto\" srcset=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/05\/Marketing-consulting-amico-1-1024x1024.png 1024w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/05\/Marketing-consulting-amico-1-300x300.png 300w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/05\/Marketing-consulting-amico-1-150x150.png 150w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/05\/Marketing-consulting-amico-1-768x768.png 768w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/05\/Marketing-consulting-amico-1-1536x1536.png 1536w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/05\/Marketing-consulting-amico-1-96x96.png 96w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/05\/Marketing-consulting-amico-1.png 2000w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Mutual fund distributors, or MFDs, are individuals or businesses registered with the Association of Mutual Funds in India (AMFI) who serve as a middleman between asset management firms and investors seeking to purchase mutual funds.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">An MFD offers an investment strategy tailored to your risk tolerance and has relationships with several asset management firms. They don&#8217;t charge their clients fees; instead, mutual fund firms pay them compensation for introducing investors to their products.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-duties-of-mutual-fund-distributors\"><span class=\"ez-toc-section\" id=\"Duties_of_Mutual_Fund_Distributors\"><\/span>Duties of Mutual Fund Distributors<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Assessment of the risk profile of the client and suggesting the best mutual funds.<\/li>\n\n\n\n<li>MFD educates the investors about the various mutual fund schemes, their investment objective, and the risk associated with the fund.<\/li>\n\n\n\n<li>They facilitate the investor&#8217;s completion of the necessary formalities to make them eligible for buying and selling mutual funds.<\/li>\n\n\n\n<li>They also provide all the required support, such as portfolio reviews, market updates, etc.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-eligibility-of-a-mutual-fund-distributors\"><span class=\"ez-toc-section\" id=\"Eligibility_of_a_Mutual_Fund_Distributors\"><\/span>Eligibility of a Mutual Fund Distributors<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li>The applicant must be above 18 years.<\/li>\n\n\n\n<li>To obtain the license from AMFI, the applicant must pass the NISM Series VA Mutual Fund Distributor Exam conducted by the National Institute of Securities Market (NISM).<\/li>\n\n\n\n<li>The minimum qualification must be class 10th or 12th with three years of diploma.<\/li>\n\n\n\n<li>Every corporate mutual fund distributor employee must be NISM VA certified.<\/li>\n\n\n\n<li>After obtaining the license, they are provided an ARN number.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-registered-investment-advisors\"><span class=\"ez-toc-section\" id=\"Registered_Investment_Advisors\"><\/span>Registered Investment Advisors<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/05\/Business-Plan-bro.png\" alt=\"Registered Investment Advisors\" class=\"wp-image-5345\" style=\"aspect-ratio:1.3333333333333333;object-fit:cover;width:373px;height:auto\" srcset=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/05\/Business-Plan-bro-1024x1024.png 1024w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/05\/Business-Plan-bro-300x300.png 300w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/05\/Business-Plan-bro-150x150.png 150w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/05\/Business-Plan-bro-768x768.png 768w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/05\/Business-Plan-bro-1536x1536.png 1536w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/05\/Business-Plan-bro-96x96.png 96w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/05\/Business-Plan-bro.png 2000w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read Also:<\/strong> <a href=\"https:\/\/wp-api.pocketful.in\/blog\/itc-vs-hul\/\" target=\"_blank\" rel=\"noreferrer noopener\">ITC vs HUL: Comparison of India\u2019s FMCG Giants<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the Investment Advisor Regulation of 2013, RIAs are financial advisors registered with the Securities Exchange Boards of India (SEBI) as individuals or companies. This registration enables them to provide investment advice to their clients. The only two fee models available to RIAs are fixed fees and asset under management or asset under advisory-based variable costs, as per the most recent change to the RIA Regulation by SEBI in 2020.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-duties-of-rias\"><span class=\"ez-toc-section\" id=\"Duties_of_RIAs\"><\/span>Duties of RIAs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li>The fiduciary duty of RIA is to act in clients&#8217; best interest, which means they provide advice and recommendations that are solely aimed at benefiting the client without any conflict of interest.<\/li>\n\n\n\n<li>They also provide a detailed document in which all the details related to fees, services, etc., are mentioned before entering into a contract with the client.<\/li>\n\n\n\n<li>RIAs provide periodic reports to their client related to their investment performance.<br>4.The recommendations provided by the RIAs are aligned with the client&#8217;s risk profile and financial goals.<\/li>\n\n\n\n<li>RIAs are required to follow all compliance orders issued by the relevant authorities and maintain the required filings.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-eligibility-of-rias\"><span class=\"ez-toc-section\" id=\"Eligibility_of_RIAs\"><\/span>Eligibility of RIAs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li>SEBI mandates few specific educational qualifications to become an RIA, such as a post-graduation degree from a recognized university.<\/li>\n\n\n\n<li>The applicant must have at least five years of experience in providing financial advisory services.<\/li>\n\n\n\n<li>The applicants must acquire a necessary certificate recognized by SEBI, named NISM Investment Advisor, for the Level 1 and Level 2 exams or a certified financial planner certificate.<\/li>\n\n\n\n<li>If you are registering as an individual advisor, you must have a net worth of INR 5 Lakhs; if you are registering as a corporate investment advisor, you must have a minimum net worth of INR 50 lakhs is required.<\/li>\n\n\n\n<li>After meeting all the eligibility criteria and completing the process, the SEBI issues an RIA number to the applicants, which acts as a unique identification number.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-difference-between-mfd-amp-ria\"><span class=\"ez-toc-section\" id=\"Difference_between_MFD_RIA\"><\/span>Difference between MFD &amp; RIA<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The significant differences between MFD &amp; RIA are defined in the below mentioned table:<\/p>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Particulars<\/th><th>MFD<\/th><th>RIA<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">Services<\/td><td>Provide facilities to investors relating to execution of mutual funds transactions, following the compliances related to KYC, etc.<\/td><td>RIAs provide advice and guidance on a client\u2019s investment portfolio, tax planning, etc.<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Tie-up<\/td><td>MFDs collaborate with all the mutual fund companies.<\/td><td>They do not have any particular connection with any mutual fund providers, as they provide only investment advice.<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Revenue<\/td><td>Their major revenue comes from commissions from the asset management company in which their clients make investment.<\/td><td>They generate their revenue from advisory fees charged to their clients.<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Regulations<\/td><td>MFDs are regulated by AMFI and SEBI.<\/td><td>RIAs are regulated only by SEBI.<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Minimum Investment \/ Fees<\/td><td>MFDs do not set minimum investment criteria; these are set up by the mutual fund schemes in which they want to invest.<\/td><td>RIA may have some minimum fees based on the value of investors&#8217; portfolios. This varies from advisor to advisor.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read Also: <\/strong><a href=\"https:\/\/wp-api.pocketful.in\/blog\/rbi-action-on-kotak-mahindra-bank\/\" target=\"_blank\" rel=\"noreferrer noopener\">RBI Action On Kotak Mahindra Bank: Should You Invest?<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-conclusion\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">An MFD is a better alternative if you are starting to invest, have a small portfolio, and want a simple approach to mutual funds. On the other hand, if you have a larger portfolio, several intricate financial goals, and want complete financial planning, you should consider a SEBI Registered Investment Advisor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In summation, a mutual fund distributor is a better resource for investors seeking advice and direction specific to their mutual fund investments. However, if a person has more complicated financial needs and needs help with estate planning, tax planning, etc., they should consider consulting with a Registered Investment Advisor (RIA).<\/p>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">S.NO.<\/th><th class=\"has-text-align-left\" data-align=\"left\">Check Out These Interesting Posts You Might Enjoy!<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">1<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/wp-api.pocketful.in\/blog\/mahindra-mahindra-vs-tata-motors\/\" target=\"_blank\" rel=\"noreferrer noopener\">Mahindra &amp; Mahindra vs Tata Motors: Which is Better?<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">2<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/wp-api.pocketful.in\/blog\/bank-of-baroda-vs-sbi-bank\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bank of Baroda vs SBI Bank: Which is Better?<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">3<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/wp-api.pocketful.in\/blog\/pnb-vs-bank-of-baroda\/\" target=\"_blank\" rel=\"noreferrer noopener\">PNB Vs Bank of Baroda: Which is Better?<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">4<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/wp-api.pocketful.in\/blog\/mrf-vs-apollo-tyres\/\" target=\"_blank\" rel=\"noreferrer noopener\">MRF vs Apollo Tyres: Which is Better?<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">5<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/wp-api.pocketful.in\/blog\/bank-of-baroda-vs-canara-bank\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bank of Baroda Vs Canara Bank: Which is Better?<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-frequently-asked-questions-faqs\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span>Frequently Asked Questions (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"saswp-faq-block-section\"><ol style=\"list-style-type:none\"><li style=\"list-style-type: none\"><h3 class=\"\">Can MFD charge fees from their investors?<\/h3><p class=\"saswp-faq-answer-text\">MFDs can earn only a commission from AMCs in which their clients invest.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">How does RIA make money?<\/h3><p class=\"saswp-faq-answer-text\">Usually, RIA charges fees based on the percentage of assets or fixed annual fees fromtheir clients for advising them on various financial aspects.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">For comprehensive financial planning, whom should I approach?<\/h3><p class=\"saswp-faq-answer-text\">If you are looking for comprehensive financial planning, you should contact a SEBI Registered Investment Advisor, who is licensed by SEBI to do such work.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">What are the minimum fees for taking services from a SEBI RIA?<\/h3><p class=\"saswp-faq-answer-text\">There is no minimum prescribed limit for taking services from a SEBI RIA as it varies from an investment advisor. However, the SEBI has two types of fees: the first one should not exceed 2.5% of assets under advice or a fee not exceeding INR 1.25 Lakhs per year.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">Which certification exam must you pass to become a Mutual Fund Distributor?<\/h3><p class=\"saswp-faq-answer-text\">NISM conducts an exam called NISM VA (Mutual Fund Distributor), which must be cleared to become an MFD.<\/p><\/ul><\/div>","protected":false},"excerpt":{"rendered":"<p>People have many goals in life, like getting married, having children, buying a dream home, etc. However, nobody knows how to properly plan for such events. This is where investment advisors come in, helping you with thorough financial planning. The problem is, many people confuse SEBI\u2019s Registered Investment Advisors (RIAs) with Mutual Fund Distributors (MFDs). [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":5365,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"is_paper_insight":false,"paper_insight_image":0,"paper_insight_pdf":0,"paper_insight_ppt":0,"footnotes":""},"categories":[18],"tags":[],"class_list":["post-5340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-finance"],"acf":{"freelancer":"Akash Gupta"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.13 (Yoast SEO v21.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RIAs vs MFDs: Who Is Better? - Pocketful<\/title>\n<meta name=\"description\" content=\"Not sure if your investing advice is better served by an RIA or an MFD? Discover the differences by reading our blog and make informed decision.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RIAs vs MFDs: Who Is Better?\" \/>\n<meta property=\"og:description\" content=\"Not sure if your investing advice is better served by an RIA or an MFD? 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