1. All firms are registered investment advisers ranked based on discretionary assets under management as defined by the Security and Exchange Commission as of Sept. 30, 2008.
  2. Greater than 50% of their business must serve the retail marketplace.
  3. Advisers must provide financial planning services, portfolio management for individuals or conduct due diligence on third-party advisers.
  4. They must not be doing business as a broker/dealer, bank or insurance company.
  5. They can neither charge commissions nor have registered representative employees at the firm.
  6. A majority of the RIA’s business must not be invested in proprietary products.