What is a Registered Investment Advisor (RIA)?
Depending on their size, investment advisors have to register with either the Securities & Exchange Commission (SEC) or the state securities agency where they have their principal place of business. For the most part, investment advisers who manage $100 million or more in client assets must register with the SEC. If they manage less than $100 million, they must register with the state securities agency in the state where they have their principal place of business. FAM is a SEC registered advisor.
Source: U.S. Securities and Exchange Commission; www.SEC.gov