Planning to start your Investment Advisory practice? SEBI RIA registration is mandatory if you charge fees for financial advice. Choosing the right structure is critical for long-term growth and compliance.
🔹 Option 1: Individual RIA
Eligibility:
• Net worth: ₹5 lakh
• NISM certification mandatory
• Minimum qualification & experience required
Government Fees:
• Application fee: ₹5,000
• Registration fee: ₹10,000
Pros:
✔ Low setup and compliance cost
✔ Faster approval process
✔ Ideal for independent advisors and beginners
Cons:
✖ Limited scalability
✖ Lower brand credibility compared to firm structure
✖ Difficult to onboard multiple advisors
🔹 Option 2: Non-Individual RIA (Company / LLP)
Eligibility:
• Net worth: ₹50 lakh
• Separate Principal Officer & Compliance Officer required
Government Fees:
• Application fee: ₹25,000
• Registration fee: ₹5,00,000
Pros:
✔ High credibility and professional image
✔ Suitable for scaling wealth management business
✔ Ability to build advisory team and larger client base
Cons:
✖ Higher initial cost
✖ More compliance and audit requirements
💰 Additional Costs to Consider (Both):
• NISM Certification
• Professional fees for application & compliance
• Infrastructure and compliance setup
🎯 Professional Insight:
• Individual RIA is best for solo advisors starting practice
• Company / LLP RIA is ideal for building a scalable wealth advisory firm
💼 We provide complete support including:
• Eligibility assessment
• Net worth certification
• SEBI application filing
• Documentation and compliance setup
📞 CA Ramakrishna Sanjay
📱 +91 77602 52581
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