SEBI's recent consultation paper proposing tougher, tighter and more rigorous IA (Investment Adviser) regulations is a breath of fresh air. The points proposed in the paper clearly underscore the regulator's commitment towards creating a cleaner, more ethical sales environment for Financial products in India. By tightening the RIA noose, SEBI has clearly signalled that the future of Advisory is fiduciary and fee based and not commission oriented; either create enough value to get your client to write a fee cheque in your name, or perish.
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