Investment Advisors registration with SEBI


Package Inclusion :

  • Application filling before
  • Business Case Analysis
  • End to end follow-up with SEBI

Investment Advisors registration with SEBI

Who Are Investment Advisors?

An investment advisor, as per the Investment Advisors Act of 1940, means any person or group who in return for fees, makes investment recommendations or conducts securities analysis, whether through direct management of client assets or via written publications. They are experiencing a level of discretionary authority, which allows them to act on the behalf of their clients without obtaining any formal permission prior to the execution of an action. They basically provide advice relating to investing in, purchasing, selling or otherwise dealing in securities or investment products, and advice on investment portfolio containing securities (See Section 2(h) of Securities Contracts Regulation Act 1956 to understand what all instruments are covered under the word Securities) or investment products. This advice can be given in written, oral or through any other means of communication.

Obligations and Responsibilities of SEBI Registered Investment Advisors

It is unlawful for any investment Adviser to employ any device or scheme to defraud any client or prospective client.

An Investment advisor can be in any form such as:

But before Establishing as an Investment advisor, one has to get itself registered with SEBI under SEBI (Investment Advisers) Regulations, 2013 as RIA. Once registered, they have the obligation to act as a fiduciary i.e prescribe only commission free product.

Procedure for getting SEBI Registered Investment Advisor are explained below:


S.No. Particular Fees
1. For Individual and Firms 5000
2. For Body Corporate including Limited Liability Partnerships 25000

1. Whether the applicant is an individual or a body corporate or a firm;
2. In case, if applicant is an individual, he must possess the following qualification

3. Whereas in case the applicant is a body corporate, all the representatives on the behalf of the applicant who provides investment advice are appropriately qualified and certified as specified in regulation 7; Similarly, in case of firm or LLP

4. whether the applicant fulfills the capital adequacy requirements as specified in regulations as described below;

5. The applicant, its representatives, and partners, if any, are fit and proper persons determined on the basis of the criteria specified in Schedule 11

S.No. Particular Fees
1. In case of individuals and firms
2. In case of Body Corporate including Limited Liability

The Board shall grant the certificate of registration in Form B as specified in regulations. It remains valid unless it has been suspended or canceled.



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