News From Press A new Sebi rule is creating a snag for Robo Wealth Advisers

A new Sebi rule is creating a snag for Robo Wealth Advisers

With the Securities and Exchange Board of India (Sebi) insisting on a physical agreement between financial advisors and investors, a move that will increase the costs of acquiring clients, these new-age firms providing algorithm-driven investment advice — known as robo advisory — are revisiting the viability of such platforms in their current form.

Source: ET May 28, 2021

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