Registered Investment Advisors

Sebi eases norms for boarding of investment advisors, research analysts

Allows part-time advisors and analysts, reduces compliance requirements

Choose fixed-fee RIAs to avoid high costs, improve value for money

One reason why the fee can't be lower than 3 per cent is that it is difficult for an RIA to do a good job and remain viable even at this level

Sebi launches centralized fee collection for investment advisers, analysts

Market regulator Sebi on Friday announced rolling out a new system -- Centralized Fee Collection Mechanism -- to facilitate collection of fees by Investment Advisers (IAs) and Research Analysts (RAs) from their clients on an optional basis. Under this mechanism, clients will pay fees to IAs/RAs, through a designated platform or portal administered by a recognised Administration and Supervisory Body (ASB), the regulator said in a circular. The move came in response to the growing interest in the securities market and the need for greater transparency in fee payments. The markets regulator said that BSE would specify the operational framework for the mechanism on or before September 23 and make the mechanism operational from October 1. The mechanism has been co-created by BSE Ltd with the help of various stakeholders. While using this mechanism is optional, Sebi asked ASB to take steps to encourage clients and the registered IAs and RAs to avail the services of this mechanism. Fur

Sebi to release paper on easing norms for investment advisor registration

Capital markets regulator Sebi will early next week come out with a consultation paper on making it easier to become a registered investment advisor, a senior official said on Friday. The move has come amid Sebi efforts to contain the activities of unregulated 'fin-influencers'. The Sebi board recently approved a series of measures on restricting the play of fin-influencers, which focus mainly on policing the segment through their tie ups with the entities regulated by Sebi. Also, senior Sebi officials in the recent past have said that challenges to get registered as an investment advisor are among the reasons for growth in the problematic fin-influencers segment. The capital markets regulator will come out with a consultation paper which will have proposals on relaxing the registration requirements for investment advisors and research analysts by Monday or Tuesday, its whole-time member Kamlesh Varshney said addressing Ficci's Capam event here. The registered investment advisors h

Finfluencers feel the heat as market regulator Sebi crackdown looms

Regulator sends warning letters to 20 unauthorised investment advisors in two months

Voting advisory firm opposes Aster DM Healthcare's sale of Gulf business

IiAS raises concern over lack of clarity on the utilisation of sale proceeds of unit that contributes 75% of revenue

Sebi bans two people for 1 year over unregistered investment advisories

Capital markets regulator Sebi on Wednesday debarred two individuals from the securities markets for one year and slapped a fine of Rs 2 lakh on them for carrying out unregistered investment advisory activities. The regulator also directed the noticees (P Krishnakumar and Jagadeesan S) to refund all the money, within three months, collected from any investors/complainants, as fees in respect of their unregistered investment advisory activities. The order came after Sebi conducted an examination on the receipt of a complaint against www.ymforecast.com managed by P Krishnakumar and Jagadeesan S, and prima facie found that they were carrying out unregistered investment advisory activities. Subsequently, a show cause notice was issued to the noticees on September 4. In its 22-page order, Sebi found that the noticees were acting as an investment adviser without holding the certificate of registration from the markets watchdog. Therefore, the noticees were in violation of the provisions

Sebi bans Fincap Research Investment Advisor, two individuals for 2 yrs

Capital markets regulator Sebi on Monday barred Fincap Research Investment Advisor and two individuals from the securities markets for two years for violating regulatory norms. The regulator also slapped a penalty of Rs 14 lakh on Sonika Namdharani, proprietor of Sebi-registered Fincap Research Investment Advisor and Rs 7 lakh on Mahavir Prasad Mundra. Further, the markets watchdog restrained them from associating themselves as a director or key managerial personnel with any listed company or any public company which intends to raise money from the public, or any intermediary registered with Sebi for a period of two years. The order came after the Securities and Exchange Board of India (Sebi) conducted an inspection of Fincap Research Investment Advisor from April 2018 to November 2019 (inspection period). In its 62-page order, Sebi found that Fincap was knowingly acting in a deceitful manner by allowing Mahavir (Sonika's husband) to run her proprietorship, submitting fake experien

Sebi asks investment advisers to display info prominently in advertisements

To bring more transparency, Sebi on Thursday asked investment advisers and research analysts to prominently display information, including their name registered with the regulator, logo, registration number and complete address with telephone numbers, in their advertisements. In addition, they have been asked to give the disclaimer that "registration granted by Sebi, membership of BSE Administration and Supervision Ltd (BASL) in case of IAs and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors" in their advertisements. This information should also be there in publications, Know Your Client (KYC) forms, client agreements, statements and in any other form of correspondence with the client. In addition, the regulator has prohibited them from using Sebi logo in their advertisements. The latest move comes after the regulator observed that few Investment Advisers (IAs) and Research Analysts (RAs) are using the bra

Women account for only 10% of total fund managers in MF industry: Report

Women account for only 10 per cent of the total fund managers in the mutual fund industry despite a gradual increase in their numbers witnessed in the last few years, a report said on Tuesday. The Morningstar Investment Adviser India's annual report on women fund managers in the asset-management industry said the total count of women fund managers has increased from 32 last year to 42 now. Interestingly, the total number of fund managers also saw a healthy increase this year to 428 from 399 last year. "When it comes to gender diversity, the latest findings of our report show that of the 428 fund managers, 42 are women who are managing funds either as primary or secondary managers," said the Morningstar report released ahead of International Women's Day on May 8. With a meagre 9.81 per cent representation, women still remain drastically under-represented among the ranks of mutual fund managers, Morningstar said. According to the report, there were only 18 women fund managers in 201

Overcaution could stymie investment advisory's growth

The safety and logistics costs (they are imported in tin boxes from the US) make them prohibitively expensive, fit only as showpiece items

Scrutinise your no-cost EMI offers for hidden charges, say experts

There could also be a third scenario where the interest cost is added to the product price and then the higher price is converted into EMIs

Kotak AMC rejigs management; Iyer made CEO of investment advisory business

Fund manager Deepak Agrawal has been appointed as the new CIO, debt. Another fund manager, Abhishek Bisen has been elevated to the position of head, fixed income position

SEBI bans Wishworth Financial Services from securities market for 4 years

Sebi on Friday barred Wishworth Financial Services and their proprietors Pankaj Khanchandani and Dheeraj Kapoor from the securities markets for four years and directed them to refund the money collected through unauthorised investment advisory services. A complaint filed on October 24, 2017, had alleged that Wishworth was offering financial investment plans with assured returns. Pursuant to the receipt of the complaint, Sebi conducted an examination in the matter and thereafter issued a show cause notice dated January 20, 2022 to the noticees. The regulator found that the noticees -- Wishworth and their proprietors -- were engaged in the business of providing investment advice to their clients for consideration and thus acting as investment adviser. They were involved in such investment advisory activities without obtaining a certificate of registration from the regulator, which is in violation of the provisions of Investment Adviser (IA) rules, the Securities and Exchange Board o

Why's India short on registered investment advisors?

India has just about 1,324 registered investment advisors for an investor base of over five crore. What is the reason for this? Is it SEBI's rules or investors' reluctance to pay for advice?

TMS Ep64: Investment advisors, Puneet Nanda, US Fed, RT-PCR & RAT

Why's India short on investment advisors? What is the investment strategy of ICICI Venture's Puneet Nanda? Will US Fed increase pace of tapering? What is RT-PCR & Rapid Antigen Test? All answers here

Choosing the right financial planner is a wise investment, say experts

Discussing scope of work will enable the registered investment advisor to decide the right fee

Lower fees structure for investment advisors to kick in from April 1: Sebi

This applies to filing application and registration for individuals and corporates seeking a registered investment advisor status

Sebi releases guidelines for investment advisors on client segregation

Sebi has also fixed a cap on fee that investment advisers (IA) can charge from clients. It has also put in place a procedural framework pertaining to audit and record-keeping

Investment advisers to ensure client-level division of distribution: Sebi

These amendments will come into force from September 30