How to Become a Qualified Financial Advisor in India - Market Analyst

by CorpSeed Pvt Ltd Environment | Compliance | Finance

The career of investment advisors comes in great demand. They are the professionals who provide exclusive assistance to customers when the main area of interest is related to financial matters. Regardless of whether it comes with retirement plans, insurance options and investment strategies, investment advisors are there to solve any kind of problem-related to monetary issues. If you are from India and are planning to pursue your career as an investment adviser, you must obtain an appropriate registration certificate that will facilitate you to work as an investment adviser.

Request the registration certificate

The first and most important thing you need to get certified is to pass the exam of NISM or National Institute of Securities Market, or 'NISM Series VA: Certification exam of Mutual Fund Distributors', in case of passing the exam, you will get a certification from NISM. According to recent regulations, volunteer candidates must apply for registration under the SEBI (Investment Advisers) regulation, 2013 . Candidates must correctly complete the form and send it together with the required documents. It is worth mentioning in this context, if the application is for a single entity, it requires sending a photo while the organization does not require any photos.

How to apply?

In most cases, applicants will get SEBI's response with four weeks. However, the time of registration may vary based on how efficiently candidates are able to meet the criteria. Before applying for the registration certificate, it is highly recommended that you go through the eligibility criteria for registration. Together with Form A, applicants must pay Rs. 5000 as the registration fees. This amount must be drawn up in favor of "The Securities and Exchange Board of India", which is payable in Mumbai. In addition to this, applicants must also apply online following the strict SEBI guidelines which is updated regularly.

Eligibility criteria

  • -If the applicant is a bank or bank, the RBI should be authorized to operate as an AI and the application must be submitted through a division or affiliate or separately identifiable entity.
  • -If an applicant is a legal person, other than a Bank or NBFC registration, the application must be submitted through a separately identifiable department or division.
  • -Where an entity incorporated outside India proposes to undertake AI services, the application should be made by the branch in India of that foreign entity.
  • -If a foreign national intends to carry out AI services, the applicant should establish an office in India and perform AI services through that office.

After receiving the registration certificate

After considering all aspects of the applications, SEBI will grant a registration certificate to the candidates. After receiving the approval of the Securities and Exchange Board of India, applicants must pay a registration fee through the bank project in favor of "The Securities and Exchange Board of India". If the applicant is a business the amount of the registration fee is Rs. 1, 00.000, while the entry fee for an individual is Rs. 10,000.

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After receiving the registration certificate from SEBI, candidates can work as an investment advisor. However, to continue their career without problems and update on the latest regulations, it is highly advisable to visit the official SEBI website and find the latest news regarding the new circulars and updated guidelines. In addition, they must also comply with SEBI's reporting requirements from time to time. Never deny the terms and conditions, the renewal rules and various other aspects that can prevent you from enjoying the great career potential of the investment advisor.

In the event that the applicant is a bank or central bank, it should be authorized by the RBI to act as an AI and the application should be submitted through a division or affiliate or separately identifiable entity.

For additional questions on regulatory guidelines for Registered Financial Advisor

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Created on Jun 19th 2020 05:44. Viewed 278 times.


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