Michael Covel speaks to Tim Dyer, an RIA (Registered Investment Advisor) in La Jolla, CA. Dyer has also seen the brokerage side of the world too, shares insights regarding how these worlds work, and how clients navigate the waters of professional investing advice. Covel and Dyer discuss what an RIA does for the average investor; the difference between trend following fund managers and the RIA world; the difference between hiring Merrill Lynch and hiring an independent RIA; fiduciary suitability; black swan protection; benchmark issues; Warren Buffett declaring The Fed as history's greatest hedge fund; how the Internet might open up the RIA world, and the value of human-based advice in the RIA world; the disingenuousness of focusing only on the benefits, and failing to see the risks; and why some might say it "feels like 1999" today. Want a free trend following DVD? Go to trendfollowing.com/win.