• IARs are persons employed by or associated with an investment advisor who make recommendations or otherwise provide financial or investment advice.

  • IARs are compensated by charging a fee either on a commission basis, at a flat or hourly rate, or as a percentage of assets under management (AUM).
  • IARs must be properly registered and, at a minimum, have passed certification exams certified by FINRA and other required regulatory bodies.
  • IARs are often required to take the Series 63 and Series 65 exams, although the requirements vary by state.
  • The responsibilities of an IAR include providing financial advice, managing client accounts, providing advisory services to external parties, or overseeing other IARs.