Why do we need more awareness about SEBI-registered investment advisers?3 min read 17 May 2023, 12:20 AM IST
Sebi introduced the regulations to address the problem of inappropriate recommendations from wealth management professionals. However, more awareness needs to be created to boost demand for fee-based advisers and attract more quality people to the profession.
Sebi introduced Registered Investment Adviser (RIA) as a category of intermediaries in 2013 to safeguard the interests of investors. RIAs are competent professionals offering unbiased and optimum investment advice to their clients. Nearly a decade thereafter of changes in regulations, challenges still prevail on the awareness of the benefits of hiring an RIA, limiting the growth of the profession.
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