Saving Money While Finding the Best RIA

July 7, 2010 - PRLog -- WILMINGTON, DELAWARE – (July 7, 2010) – According to the U.S. Securities and Exchange Commission (SEC), it is important to thoroughly investigate any Registered Investment Advisor (RIA) before making a selection. While this can be a time-consuming and costly process, it’s one that pays off in the long run. There are ways you can save money in conducting your RIA search, and there are things you should be looking for, in order to find the best possible advisor with whom to work.

“Finding a reputable RIA is golden and absolutely can be done, but you need to do your homework,” explains Christopher Joyce, CEO of Joyce Co., the private equity company launching Uzurp, which offers an affordable online RIA database. “Taking the time to investigate the advisor can make the difference between literally throwing your money away and truly investing it and seeing a return.”
   
When it comes to finding the best RIA, you will need to conduct a database search, as all legitimate advisors will be included in a database such as the one offered by Uzurp.com. Although the database includes over 30,000 RIA firms and over 60,000 contacts, you can easily narrow your search by adding in over 140 demographic selections.

Once you have the list of possible RIA firms, your next move is to determine which the best is for you. This is where your investigative skills come into play. There are things you will want to compare and find out about each firm, before deciding who to work with. Inquire about their experience, education, employment history, and their licenses. Also, the SEC recommends that you find out whether they are members of the Securities Investor Protection Corporation (SIPC), which provides some limited protection for customers in the event that their firm becomes insolvent.

All RIA’s must be registered with the SEC or their state securities agency. Those RIA’s managing more than $25 million must be registered with the SEC. Conducting a database search to find these legitimate and reputable agents is simple, with Uzurp’s comprehensive Registered Investment Advisor database.

Uzurp.com recently announced the official launch of their database, providing the same all-inclusive RIA information that their competitors offer but at a discounted rate of $999 annually. In addition, Uzurp.com users never sacrifice benefits, as they still receive:

•   An online database of more than 30,000 Registered Investment Advisors
•   An easy-to-use interface
•   A database that is searchable, with radius-searching capabilities
•   Live tech support for each pricing plan
•   Ability to do mobile downloading

“Our mission is to help people access this important information at an affordable price,” adds Joyce. “That’s the way it should be, and it has been working quite nicely.”

About Uzurp:
Uzurp, based in Wilmington, Del., is a company that specializes in providing easy and affordable access to the Registered Investment Advisor database. Their database includes more than 30,000 RIA Firms, 60,000 contacts, and can be accessed for a fraction of what their competitors typically charge. Uzurp is a Joyce Co company. Joyce Co is a business development company specializing in revolutionary start-ups.  To learn more about Uzurp, visit the Web site at http://www.uzurp.com.  To learn more about Joyce Co, visit the site at http://www.joyceco.com.

Source:
U.S. Securities and Exchange Commission. Protect Your Money.