A Registered Investment Advisor (RIA) is a fiduciary financial firm focused on providing investment advice tailored to clients' best interests. Here’s how they stack up in the financial world—RL-style! 😉
A trust is a fiduciary relationship in which a trustor gives another party, known as the trustee, the right to hold title to property or assets for the benefit of a third party.
Trust Property refers to assets that have been placed into a fiduciary, managed by trustees on behalf of beneficiaries, often with tax benefits and streamlined transfer upon death.