News From Press The popular myths about investment advisers that need to be corrected

The popular myths about investment advisers that need to be corrected

Source: Mint Jun 14, 2023

Market regulator Sebi tightened regulations for registered investment advisers (RIAs) to ensure that only non-conflicted advisers give investment advice. It barred wealth managers (distributors) from offering any sort of advice. These regulations did not find favour wealth managers, who make anywhere between 1% and 5% commission on investment products. An adviser, however, may only get a small percentage of that as advisory fees.

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