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We’re happy to tell you that now we have transitioned from being an Particular person RIA to a Non-Particular person RIA as BasuNivesh Charge Solely Monetary Planners!
My aspiration to develop into a SEBI RIA started as quickly as SEBI launched RIA Laws in 2013. Regardless of being a CFP with over 5 years of expertise again then, I used to be ineligible to use resulting from being an undergraduate on the time. Consequently, after ending my commencement, I submitted my utility in 2017 and obtained my particular person SEBI RIA registration in 2018. I shared this achievement by way of my weblog put up titled “Introducing Charge-Solely Monetary Planning Service!“.
Causes behind shifting from Particular person RIA to Non-Particular person RIA
# To extend our enterprise
You will need to observe that when a person RIA’s ACTIVE shopper depend reaches 150, they’re required to stop their particular person RIA enterprise and acquire a non-individual RIA license in the event that they intend to proceed serving greater than 150 energetic shoppers.
Due to this fact, transitioning from serving particular person RIAs to serving non-individual RIAs permits us to develop our companies to a bigger viewers and develop our enterprise.
# No change in service
Simply because we moved from particular person RIA to non-individual RIA doesn’t imply there may be any change in service choices. The price, course of, and dedication will stay the identical as the way it was earlier.
Please verify the data relating to the service particulars of our mounted fee-only monetary planner providing on the “Fastened Charge Solely Monetary Planning Service“.
# We might have a group
At current, our group consists of two members. However, we anticipate that a couple of extra people shall be becoming a member of us quickly. In my capability as a principal officer of the agency, I’ll stay the first level of contact and bear full duty.
# Our registered workplace is in Bangalore, however we provide companies nationwide and worldwide.
Provided that our registered workplace is situated in Bangalore, typically results in the query of whether or not our companies are completely for Bangalore residents. Nevertheless, with technological progress, bodily distance is now not a barrier. Due to this fact, our companies cater to people in Bangalore, in addition to different areas in India and across the globe.
Conferences could be organized and carried out effortlessly by way of Google Meet, Skype, or Whatsapp calls, whereas knowledge could be exchanged by way of e-mail.
Consequently, our companies are accessible to everybody, no matter their location.
In conclusion, I want to categorical my gratitude to my family members, supporters, weblog followers, and shoppers who’ve been instrumental in my running a blog journey. Their unwavering assist and encouragement have motivated me to transition from a person RIA to a non-individual RIA.
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