A license to rise and grow...

The regulation for SEBI Registered Investment Advisers has set off ripples of change in the Indian retail advisory market. With growing investor awareness and regulatory pressure on commissions, licensed, fee-based advisory is the surest, most future-proof way to grow!

If you already have or are thinking about starting an independent advisory practice in India, understanding the benefits of the SEBI Registered Investment Adviser Regulation (2013) can help you steer your practice in the right direction. Become a SEBI registered investment adviser to be:

A Trusted Adviser


With no conflict of interest, you become the professional, trusted adviser of choice for thousands of families.

In Control of Your Revenues & Future

With stable revenues earned through transparent fees, you can build a solid practice with good valuations for future retirement.

A Multi-Asset Adviser


You can broaden your offerings to advise and earn fees on all asset classes including direct plans, low-cost ETFs, equities, and bonds.

How to Become an RIA


Apply for a License: Eligibility & Other Requirements

Structure

An individual, partnership firm or corporate can apply to become a Registered Investment Adviser (RIA).

Qualifications

A  professional  qualification  or  post-graduate  degree  or  post  graduate  diploma  in  finance,   accountancy,   business   management,   commerce,   economics,   capital   market, banking, insurance or actuarial science from a university or an institution recognized  by  the  central  government  or  any  state  government  or  a  recognised  foreign university or institution or association; OR  graduation in any discipline with an experience of at least five years in activities relating  to  advice  in  financial  products  or  securities  or  fund  or  asset  or  portfolio  management.

The applicant should also have a certification on financial planning or fund or asset or portfolio management or investment advisory services: (a) from NISM; or (b) from any other organization or institution including Financial Planning Standards Board  India  or  any  recognized  stock  exchange  in  India  provided  that  such  certification is accredited by NISM.

Capital Adequacy

Individuals seeking registration should have minimum capital of Rs. 1 lakh, whereas a corporate should have minimum capital of Rs. 25 lakh.

Fees

Application fees: Rs. 5000/- (Individuals) and Rs. 25,000/- (Company or Firm)

Registration fees: Rs. 10,000/- (Individual) and Rs. 500,000/- (Company or Firm)

Join an RIA

You can also consider joining forces with another practice that is already registered with SEBI, and form a partnership or body corporate to continue. This is a beneficial growth strategy that is finding many takers in India today.

India's only exchange for buying, selling or merging of advisory practices, the IFA Marketplace offers fair valuation and networking services to help you identify the growth or transformation strategy that works best for you.

Join an RIA Incubator Program

The RIA model is still nascent in India, and thus relatively less understood. The iFAST RIA Incubator program RIA Network offers you the chance to explore the fee-based advisory model before you commit to it, with complete support for compliance, fee management and marketing.

Once you decide to transition, the program offers support with licensing and infrastructure to help you get started on your own.