CreditMantri Finserve Private Limited
Door No.3, Block B, No. 147, Workeasy Space Solutions, RK Swamy Centre, Hansa Building, Pathari Road,Thousand Lights, Chennai, Tamil Nadu600006
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If you want to carry on investment advisory services for clients, you should become a registered investment adviser with SEBI. SEBI has some eligibility criteria and conditions that you must fulfill before applying for an investment adviser registration with SEBI.
About Components of The Gumasta Certificate of Maharashtra?
An investment adviser is a person who is engaged in providing investment advice to clients or other individuals or a group of individuals. Investment advice means the guidelines relating to dealing in securities or investment products, investing in purchasing or investing in selling. It also includes advice on the investment portfolio related to securities or investment products given to the client in written, oral, or any other form. It includes financial planning as well.
If you want to register yourself with SEBI as an investment adviser, you must fulfill the following criteria.
As per regulation 7 of the Investment Advisor Act 2014, the following are the eligibility criteria to become an investment adviser in India:
You have to obtain a fresh NISM certification before the validity of the current certification expires. This is to make sure that certification requirements are Section 1. General Information fulfilled. A fresh NISM certification cannot be obtained through a CPE program.
4. Net worth
5. Proper Infrastructure
6. Application and Fee Structure
The registration process is completely online.
1. Go to the SEBI intermediary portal by making the payment of the initial registration fee of Rs. 2000 (Earlier, it was Rs. 5000).
2. Fill out the investment adviser registration form on the SEBI intermediary portal and upload the pertinent documents.
3. Pay a registration fee of Rs. 3000 after application approval by SEBI.
4. Current amendment application fee is Rs. 10,000 (Previously, it was Rs. 50,000) and the registration fee is Rs. 15,000 (Earlier it was Rs. 5,00,000)
5. After getting an approval from SEBI as an investment adviser, it is mandatory to do the BSE registration also. The BSE registration fee is Rs 6000/- + GST (Individual) and Rs 3,00,000+ GST for non-individuals.
Section 1. General Information
Section 2: Applicant Details
Section 3: Details about Investment Advisory Services ( Business Plan )
Section 4: Details of Infrastructure
Section 5: Execution Services
Section 6: Other Questions/Declarations/Information
Section 7: Fees and Details
Type of Applicant
Application Fees (INR) Non-Refundable
Registration Fees (INR)
Individuals and firms
Body corporates including LLPs
Currently, it is mandatory for all individuals or corporate bodies who are into the business of investment advisory to register with SEBI. It takes three to six months to get registered based on the time SEBI takes to respond. Considering that the process of registering is online now, it may be easy and seamless.
1. How do investment advisers get paid?
Advisors and planners can either be compensated through flat fees or commissions. Fee-only financial advisors get paid for the services they provide rather than in the form of commissions for the products they sell or trade.
2. Why did I quit being a financial advisor?
The most common reasons for financial advisors quitting are difficulty in finding clients, burnout, and lack of satisfaction. Over 90% of financial advisors do not stay even for three years. This indicates a low retention rate for financial advisors. You need to be a successful financial advisor to be able to close a deal.
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