The Securities and Exchange Board of India (Sebi) recently introduced significant changes to the norms governing registered investment advisors (RIAs). These changes come at a time when the number of RIAs in India has dwindled to below 1,000.
"Sebi has eased the norms to encourage more people to become RIAs," says Avinash Luthria, Sebi-registered investment advisor and founder, Fiduciaries.
Why you need an advisor
Retail investors often lack the expertise to handle the complexities of personal finance. "A financial planner can offer advice on all aspects, including investment, insurance, estate planning, portfolio construction, and goal setting," says Arnav Pandya, founder, Moneyeduschool.
Biases cloud investment decisions, particularly during market highs. "In a bull market, investors fall prey to overconfidence bias. A financial planner can help by moderating expectations," says Vishal Dhawan, chief financial planner, Plan Ahead Wealth Advisors.
Bu hikaye Business Standard dergisinin January 01, 2025 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin January 01, 2025 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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