The significance of having a Registered Investment Advisor aside for financial planning and investment management is unmatchable. You would have heard stories of many rich people going bankrupt nowadays, that’s because they made the mistake of not hiring an Independent Registered Investment Advisor to assist. When you get new wealth, you likely want to do investment or any other means to increase it. Most of the people don’t think they need professional help, as they have little money or know a trusted person who knows about investment. But it is not how it works; investing money in the right process needs knowledge and experience, which we don’t think anybody will have rather than professional like Registered Investment Advisor.

Source: https://sproutadvisers.com/