If you wish to work as an investment advisor in India, you must register with the SEBI. A registered investment advisor may not accept any fee or payment from anybody other than the investor who is advised. This implies that an investment advisor in India can only be paid a fee suggested for consultation. Let’s find out how to become SEBI registered Investment Advisor in this article.
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Who is an Investment Advisor?
Investment advisors are professionals that advise and help customers in financial concerns. Investing advisers offer guidance on a wide range of financial issues, including insurance policies for financial planning and investment techniques. To work as an investment advisor in India, one must first get a certificate of registration from the SEBI.
Documents Required for Investment Advisor
A list of the documents that must be presented with the request is as follows:
- Proof of Address
- Identification Proof
- Qualification proof which also includes degrees.
- Certificate of CA that declares net assets
- ITR of the previous 3 years
Cover letter
In the covering letter, the candidate must provide the following information:
- Whether or whether the applicant provided investment advisory services prior to the implementation of these Regulations. If so, give specifics.
- Details of the investment advice given prior to the submission of such an application.
- It is submitting an application to register as a new Investment Adviser that will provide investment advisory services.
Law About Investment Advisor
Selling commissions are separated from investment advising under the SEBI Investment Advisers Law of 2013. Earlier, the consulting community in India was outspoken in its opposition to this legislation.
Investors began to seek guidance from fee-only experts later on. As a result of the restrictions, no one may become an investment advisor without first obtaining SEBI permission.
How to Become SEBI Registered Investment Advisor?
The following is a step-by-step procedure for online registration of investment advisors on the SEBI official Website:
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SEBI Official Website
Go to www.sebi.gov.in and select Self-Registration from the drop-down menu.
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Information
Complete the application’s details and click “Continue,” which will lead you to a new payment tab. Login credentials will be generated online on SEBI’s platform.
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Payment
The next step is to make a payment. Payments may be made using either online banking or a debit card. After selecting the ‘Online’ payment mode, select the ‘Proceed to Pay’ button to be taken to the payment gateway.
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Confirmation Mail
The candidate will thereafter get a confirmation email from SEBI for the payment of fees as well as access credentials within 7-10 working days.
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Complete details
Use the credentials to log in to the account and complete the application’s information. All documentation and declarations must be connected to an application. In addition, make sure the application is filed within 14 days of receiving the login credentials.
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Form A
After that, log in to the SEBI portal using your credentials and select the Investment Advisor option. Click the Navigate to registration option from the drop-down menu. This will bring up the registration Form-A, which includes several sections that an applicant must fill out and submit.
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SEBI Clarifications
Within one month of filing the application, contact is initiated. In the case of any SEBI query, the response must be sent within the time limit.
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Registration Certificate
The receipt of an email from SEBI requesting the issuance of a registration number by post, as well as a registration certificate, at the registered address given in the application.
Updates from SEBI
Applicants would operate as investment advisors after getting a registration certificate from SEBI. To continue their profession without stumbling blocks, the adviser must stay current on new legislation.
It is recommended that you go to the official SEBI website for this purpose, as well as to keep up with the newest circulars and revised rules. They must also meet SEBI’s reporting obligations on a regular basis.
The investment adviser must not dispute the terms and conditions, renewal rules, or any of the other issues that may prevent the investment advisor from becoming a significant potential investment advisor.
Conclusion
This is something that is a must for everyone who wants to become an Investment advisor. However, you need to fulfil the requirements of SEBI to become one. After becoming a Investment advisor it also important to stay upto date.
This is all from our side regarding How to Become SEBI Registered Investment Advisor. Although, if you have any doubts you can just comment below.
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FAQ About How to Become SEBI Registered Investment Advisor ?
SEBI registered investment advisor fees?
Everyone who wants to become an investment advisor must pay a Rs. 5,000 application fee, and after receiving approval from SEBI, the applicant must pay a registration fee of Rs. 1,00,000 if the applicant is a corporation and Rs. 10,000 if the applicant is an individual online or by bank draft in favour of The Securities and Exchange Board of India.
List of SEBI registered Investment advisor
You can find the list of SEBI registered Investment advisors on Official website of SEBI.
SEBI registered Investment advisor exam?
This Exam is mostly conducted to check the basic knowledge of the advisor.
How to become investment advisor in India?
To become a registered adviser, you must meet the following requirements: Five years of experience with an expert qualification, postgraduate degree, or postgraduate diploma in finance, business management, banking, capital markets, accounting, commerce, economics, or insurance. NISM level 2 certification is required.
SEBI registered investment advisor salary?
Salary starts from INR 3 lakh and can go up to 20 lakh in senior Positions.
