5/23/2019 How to start a financial advisory firm in India?

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Startup Advice and Strategy in India Finance Startup Strategy Business India How do I start a financial advisory firm in India?
What are the capital and regulatory requirements
How do I start a financial advisory firm in India? for the same?

What are the capital and regulatory requirements Do I need the SEBI's permission in India to start
for doing so, and what SEBI approvals are needed? an online business in the stock market or financial
domain?

Is there a difference between Financial Advisory

2 Answers
Firms and Wealth Management Firms?

Ritesh Tidke, Senior. Embedded Developer (2017-present) I am an MBA. Is it good to start my own financial
advisory firm?
Answered Jul 8, 2017

Apply for Registration certificate Is there any financial advisory website in India?

The first and foremost thing that you need to get the certification is to pass the Which area in Pune, Maharashtra I should start a
financial advisory firm?
examination of NISM or National Institute of Securities Market, namely ‘NISM Series
V-A: Mutual Fund Distributors Certification Examination,’ On successful How do you start an algo trading firm in India?
completion of the examination, you will get a certification from NISM. According the What is the capital required for this?

recent regulations, the willing candidates need to apply for the registration under the Why did SEBI give its registration to advisory
regulations of SEBI (Investment Advisers) Regulations, 2013. Applicants need to firms?
fill up the form properly and submit the same along with required documents. It is
What are the regulatory requirements to start a
worth to mention in this context, if the application is for individual entity, it requires hedge fund in India?
submitting a photo while the organization does not require any photo.

How to apply?

In most of the cases, applicants will obtain the response of SEBI with four weeks.
However, the time of the registration may vary based on how efficiently the
applicants are able to fulfill the criteria. Before, apply for the registration certificate, it
is highly recommended to go through the eligibility criteria of the registration. Along
with the form A, applicants need to pay Rs. 5000 as the application fees. You need to
draft this amount in favor of “The Securities and Exchange Board of India,” that is
payable at Mumbai. Apart from this, the candidates also need to apply online by
following the strict guidelines of the SEBI that is updated on a regular basis.

Eligibility Criteria

-Where the applicant is a bank or NBFC, it should be permitted by RBI to act as IA and
the application should be made through a subsidiary or separately identifiable
department or division.

-Where the applicant is a body corporate, other than a Bank or NBFC, the application
should be made through a separately identifiable department or division.

-Where an entity incorporated outside India proposes to undertake IA services, the

application should be made by the subsidiary in India of such foreign entity.

-Where a foreign citizen proposes to undertake IA services, the applicant should set
up an office in India and undertake IA services through such office.

After receiving registration certificate

After considering all the aspects of the applications, SEBI will grant a registration
certificate to the applicants. After receiving the approval of the Securities and
Exchange Board of India, the applicants need to pay a registration fee through the

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5/23/2019 How to start a financial advisory firm in India? What are the capital and regulatory requirements for doing so, and what SEBI approv…
bank draft in favor of “The Securities and Exchange Board of India.” If the applicant
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is corporate the amount of registration fee is Rs. 1, 00,000, whereas the
application fee for an individual is Rs. 10,000.

Verdict Related Questions

After receiving the registration certificate from SEBI, applicants can work as an How can I start a financial advisory firm?
investment advisor. However, in order to continue their career sans hassle and get up-
How do I start a financial advisory firm in India?
to-date about the latest regulations, it is highly advisable to pay a visit to the official What are the capital and regulatory requirements
website of SEBI and find the latest news regarding the new circulars and updated for the same?
guidelines. Moreover, they must also abide by requirements of reporting by SEBI from
Do I need the SEBI's permission in India to start
time to time. Do not ever deny the terms and conditions, renewal rules and various
an online business in the stock market or financial
other aspects that can prevent you to enjoy the great career potential of investment domain?
advisor.
Is there a difference between Financial Advisory
Where the applicant is a bank or NBFC, it should be permitted by RBI to act as IA and Firms and Wealth Management Firms?

the application should be made through a subsidiary or separately identifiable I am an MBA. Is it good to start my own financial
department or division. advisory firm?

for more faqs about the regulatory guidelines for Registered Financial Advisor india Is there any financial advisory website in India?

read this document from deloitte. Which area in Pune, Maharashtra I should start a
2.6k views · View 3 Upvoters financial advisory firm?

How do you start an algo trading firm in India?

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Related Questions More Answers Below

How can I start a financial advisory firm?

How do I start a financial advisory firm in India? What are the capital and regulatory
requirements for the same?

Do I need the SEBI's permission in India to start an online business in the stock market or
financial domain?

Is there a difference between Financial Advisory Firms and Wealth Management Firms?

I am an MBA. Is it good to start my own financial advisory firm?

Neerupama Vermani, Equity analyst

Answered Oct 1, 2018 · Author has 358 answers and 124.1k answer views

Apply for the registration certificate

The first and leading thing that you need to get the certification is to pass the
examination of NISM or National Institute of Securities Market, namely ‘NISM Series
V-A: Mutual Fund Distributors Certification Examination,’ On successful completion
of the examination, you will get a certification from NISM. According to the recent
regulations, the willing candidates need to apply for the registration under the
regulations of SEBI (Investment Advisers) Regulations, 2013.

How to apply?

In most of the cases, applicants will obtain the response of SEBI with four weeks.
However, the time of the registration may vary based on how efficiently the
applicants are able to fulfil the criteria. Along with the form A, applicants need to pay
Rs. 5000 as the application fees. You need to draft this amount in favour of “The
Securities and Exchange Board of India,” that is payable at Mumbai.

Eligibility Criteria

Where the applicant is a bank or NBFC, it should be permitted by RBI to act as IA and
the application should be made through a subsidiary or separately identifiable
department or division.

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5/23/2019 How to start a financial advisory firm in India? What are the capital and regulatory requirements for doing so, and what SEBI approv…
Where the applicant is a body corporate, other than a Bank or NBFC, the application
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should be made through a separately identifiable department or division.

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What are the capital and regulatory requirements
914 views
for the same?

Do I need the SEBI's permission in India to start

an online business in the stock market or financial
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