The rating (level 1 to level 5) will be awarded by auditing parameters like infrastructure, policy on investor interest and approach to financial planning
Mumbai: FPSB has started a certification and rating services for financial planning and advisory services firms. The ratings aim to create quality standards and benchmarks across the financial advisory business.
FPSB will rate the services of financial planner as (Level 1 to Level 5) based on their approach to financial planning process, policy on investors' interest, risk management policy and systems, resources & infrastructure. The rating will be valid for a period of one year. Financial planners will have to shell out an initial fee of Rs. 1 lakh to get them rated and Rs. 50,000 as renewal fee after one year.
The certification and rating will be evaluated by audit firms – M/s BDO Consulting and M/s Morisson Vasudeva Consulting.
