My Automated Advisor (myautomatedadvisor.com) has a very interesting business model.
My Automated Advisor requires all of its advisors who make stock and option recommendations associated with our trade alert services, to be properly registered as Investment Advisor Representatives in the states in which they conduct business under the Investment Advisors Act.
Additionally, all of their Investment Advisor Representatives are screened and pre-qualified according to their experience and credentials in the brokerage industry, prior to their affiliation with My Automated Advisor.
Many newsletter publishers provide investment recommendations (trade alerts) from unlicensed individuals with no regulatory accountability to the customer.
My Automated Advisor is different in that their trade alert services are developed by licensed Investment Advisor Representatives. Also, My Automated Advisor is a division of Regal Advisory Services, Inc., a Registered Investment Advisor firm.
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