When investors are asked if they understood the differences between a registered investment advisors (RIAs) and stockbrokers (registered representatives) a lot of confusion exist. This presentation explains the differences and why over 79%* of investors chose to work with RIA's firms like RL Paler Investment Advisors, LLC over stockbrokers. **TD AMERITRADE survey of 1,000+ U.S. investors conducted by Penn, Schoen & Berland Associates, 2006