SEBI RIAs new association - Association of Registered Investment Adviser (ARIA)

Best Wishes to Association of Registered Investment Adviser (ARIA)

It will also be nice if SEBI registered RIAs give a declaration based on truth that they maintain arm's length relationship with any entity that works on brokerage basis. It is said that many of these RIAs charge for advisory services and simultaneously put the deal through broker codes of kith and Kin and known entities , which is a double whammy. Well , many banks do it. The wealth management team works in the same building as the Banks who do mutual fund business. Many national level distributors do it. The sanctity is lost. The main loser is the tiny distributor who goes from client to client , sources business and
gets a measly 70 or 80 BPS as trail commission , which is around 6 to 7 BPS per month which would not even cover his conveyance charges. It is very sad . People who have built up sizeable business and expertise over a long period have been forced to quit the business as even their fixed expenses are not recovered. No one talks about it. Let their be more blogs on these.

I agree with Mr. Murari's comment , SEBI should look at all the prospectives of any business than only the distributors who are working since long independently can survive .Big distributors and individual distributors work on different grounds so the rules also should be different

Yes, it is very true that certain advisors and RIA is doing the practice as described by Murari and eill SEBI look in this matters too

call me asap