Process to register as Investment advisor
Eligibility for registration as an investment adviser in India
Following minimum qualifications are required to become an investment adviser in India.
- A professional qualification or postgraduate degree or postgraduate diploma in finance, accountancy, business management, commerce, economics, capital market, banking, insurance or actuarial science.
or You should be a graduate in any discipline with an experience of at least five years in activities relating to advice in financial products or securities or fund or asset or portfolio management. - A certification on financial planning or fund or asset or portfolio management or investment advisory services from (a) NISM or (b) from any other organization or institution including Financial Planning Standards Board India (FPSB) or any recognized stock exchange in India provided that such certification is accredited by NISM.
In simple words, a postgraduate in finance-related topics or a graduate in any discipline with 5 years’ experience in the financial sector can pass following 2 examinations by National Institute of Securities Markets (NISM) and apply to SEBI for registration as an Investment Adviser.
- NISM – Series-X-A: Investment Adviser (Level-1) Certification Examination
- NISM- Series – X-B: Investment Adviser (Level-2) Certification Examination
If you are a Certified Financial Planner (CFP), you need not pass these 2 examinations.
(An MBA from any branch with zero relevant experience can become an RIA by passing two NISM exams. Likewise, an insurance agent with 5 years’ experience in insurance selling also qualifies to become an RIA if he has a graduate degree in any discipline.)
Get help in your registration with investment advisor registration consultants in India.
Following minimum qualifications are required to become an investment adviser in India.
- A professional qualification or postgraduate degree or postgraduate diploma in finance, accountancy, business management, commerce, economics, capital market, banking, insurance or actuarial science.
or You should be a graduate in any discipline with an experience of at least five years in activities relating to advice in financial products or securities or fund or asset or portfolio management. - A certification on financial planning or fund or asset or portfolio management or investment advisory services from (a) NISM or (b) from any other organization or institution including Financial Planning Standards Board India (FPSB) or any recognized stock exchange in India provided that such certification is accredited by NISM.
In simple words, a postgraduate in finance-related topics or a graduate in any discipline with 5 years’ experience in the financial sector can pass following 2 examinations by National Institute of Securities Markets (NISM) and apply to SEBI for registration as an Investment Adviser.
- NISM – Series-X-A: Investment Adviser (Level-1) Certification Examination
- NISM- Series – X-B: Investment Adviser (Level-2) Certification Examination
If you are a Certified Financial Planner (CFP), you need not pass these 2 examinations.
(An MBA from any branch with zero relevant experience can become an RIA by passing two NISM exams. Likewise, an insurance agent with 5 years’ experience in insurance selling also qualifies to become an RIA if he has a graduate degree in any discipline.)
Get help in your registration with investment advisor registration consultants in India.
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