Do You Need a Registered Investment Advisor?
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 9 January 2026
⏱️ 19 minutes
🧾️ Download transcript
Summary
Independent Registered Investment Advisors (RIAs) are professional independent advisory firms that provide personalized financial advice to their clients, many of whom have complex financial needs.
To break down all the ins and outs of RIAs, we're joined by Jon Beatty, head of Schwab Advisor Services at Charles Schwab. As Managing Director, Jon oversees the business that serves over 16,000 independent advisory firms that trust Schwab with $5.0 trillion in assets under management.
You can learn more about Schwab and their support of independent financial advisors here.
Schwab Advisor Services™ is a division of Schwab. Independent investment advisors are not owned by, affiliated with, or supervised by Schwab.
The comments, views, and opinions expressed are those of the speakers and do not necessarily represent the views of Charles Schwab. This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions. Investing involves risk, including loss of principal, and for some products and strategies, loss of more than your initial investment.
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Transcript
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| 0:00.0 | Welcome to the Jill On Money Show. |
| 0:05.4 | It's Friday, January 9th. |
| 0:07.8 | And you know, when we turn the page of a calendar, you know what happens? |
| 0:11.6 | You start saying, I got to get my financial life together. |
| 0:14.7 | And maybe in your case, that would mean that you are going to get in touch with us. |
| 0:19.5 | You're going to finally click the contact us button at the gillonmoney.com website, write us a note |
| 0:26.1 | and come join us on the program by checking the box. |
| 0:29.0 | Maybe this is really apropos of you figuring out, do I want to continue managing my own |
| 0:34.9 | financial life? |
| 0:36.0 | Do I need the assistance of an advisor? Well, we have a |
| 0:39.5 | great guest to discuss that very conundrum. Today we are joined by Jonathan Beatty. He is head of Schwab |
| 0:46.7 | advisor services, meaning he's the guy who oversees the business that serves 16,000 independent |
| 0:53.8 | advisory firms. |
| 0:55.6 | And what I think is important about registered investment advisors is that you know you're |
| 1:00.9 | dealing with a fiduciary. |
| 1:02.2 | You know, we talk about that all the time. |
| 1:03.7 | So today we're so delighted to have somebody who is on the ground talking to these folks |
| 1:08.8 | and here to explain why working with a registered investment |
| 1:12.0 | advisor might be something that you should consider. So here is our interview with John Beatty. |
| 1:17.9 | Okay. Now, what you guys don't know is that I am very well steeped in this world. So listeners, |
| 1:24.8 | I, Jill Schlesinger, was a registered investment advisor and an independent one |
| 1:29.9 | for 14 years. And so I love this topic. And so often, John, people come on the program and they |
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