Through true independence, DAI advisors can be true fiduciaries for their clients. Our advisors can choose what to focus on and not be encumbered by corporate goals and profit motives that may be misaligned with client interests.

Your DAI advisor is committed to not only meeting but exceeding your needs and expectations. Integrity, authenticity and honesty are the hallmarks of our mission. We are unwavering in our commitment to utilize every available resource to help our advisors give you peace of mind related to your future and financial well-being.

What is a Broker-Dealer?

A broker-dealer is a person or firm in the business of buying and selling securities for its own account or on behalf of its clients. The term broker-dealer is used in U.S. securities regulation parlance to describe stock brokerages because most of them act as both agents and principals. A brokerage acts as a broker (or agent) when it executes orders on behalf of its clients, whereas it acts as a dealer or principal when it trades for its own account. Broker-dealers fulfill several important functions in the financial industry. These include providing investment advice to clients, supplying liquidity through market making activities, facilitating trading activities, publishing investment research and raising capital for companies. Broker-dealers range in size from small independent boutiques, like DAI Securities, to large subsidiaries of giant commercial and investment banks.

What is an RIA?

A registered investment adviser (RIA) manages the assets of high net-worth individuals and institutional investors, among others, and sits on the buy side of the investment field. They must register with the Securities and Exchange Commission (SEC), unless they are ineligible or exempt from registration with the SEC. In addition, they must file notices with certain states in which they do business. Most RIAs are partnerships or corporations, but individuals can also register as RIAs. An RIA can create portfolios using individual stocks, bonds and mutual funds. RIA firms can cover the spectrum as far as what goes into their clients’ portfolios. They may use a mix of funds and individual issues or only funds as a way to streamline asset allocation and cut down on commission costs.