Answer:
No, registration does not mean that the Investment Adviser is qualified to provide investment advice to clients.
Step-by-step explanation:
Investment adviser are licensed professionals who are saddled with the responsibility of providing financial guidance or expert advice around investments, tax planning etc for customers in a financial institution.
A representative of a Federal Covered adviser is only required to register with the state in which he or she is operating.
However, for the investment adviser, they're expected or required by law to register with the Securities and Exchange Commission (SEC) since they're having no office in the state.
Hence, No, registration does not mean that the Investment Adviser is qualified to provide investment advice to clients according to the Uniform Securities Act.
The Uniform Securities Act ( USA ) is a model statute or legal framework designed to guide each state of the United States of America in drafting and balancing both state and federal regulatory securities law. It is used in the United States of America to prosecute all fraud relating to buying and selling of securities.