Investment Adviser
SEBI Investment Adviser (IA) registration
Investment Adviser registration is governed by the SEBI (Investment Advisers) Regulations, 2013. It applies to anyone advising clients on securities or investment products for consideration. BuildWright Consultants handles the documentation, filing, and post-registration compliance that registration requires.
Documentation
Prepared to SEBI's current format
Filing
Through the BSE portal, which administers applications on SEBI's behalf
Compliance
A calendar once registration is granted
- Individuals or firms advising clients on securities or investment products for consideration.
- Financial professionals looking to formalize an advisory practice under SEBI's regulatory framework.
- Firms currently operating informally that want to bring their advisory activity within SEBI's registration regime.
Document preparation
The application form, identity and qualification records, and the supporting documentation SEBI expects, assembled in its current required format.
Application drafting and filing
Drafting the application and filing it through the BSE portal, which administers IA applications on SEBI's behalf and raises observations before onward submission.
Responding to SEBI queries
Handling clarification requests and follow-up queries raised by SEBI during processing, so responses go back accurately and on time.
Post-registration compliance
A compliance calendar covering the reporting, disclosure, and renewal obligations that begin once registration is granted.
Individual or firm
₹55,000
Body corporate
₹90,000
SEBI and exchange fees and the prescribed deposit are paid at actuals, separately from our fee. We give you a written scope before you pay.
Eligibility check
Qualification, certification and deposit criteria as prescribed by SEBI, reviewed against your position.
Documentation
Application form and supporting records prepared to SEBI's current requirements.
Filing
Application submitted through the BSE portal; BSE reviews it, raises observations, and passes it on to SEBI.
Query resolution
Responses to any SEBI clarifications during processing.
Registration
Certificate issued by SEBI.
Ongoing compliance
The post-registration calendar takes over from here.
Who is required to register as an Investment Adviser?
Anyone advising clients on securities or investment products for consideration, as defined under the SEBI (Investment Advisers) Regulations, 2013, generally needs to register, subject to the exemptions set out in those regulations. We confirm whether your specific activity falls within scope during scoping.
What certifications are required?
SEBI requires the prescribed NISM certifications relevant to investment advisory, along with minimum qualification criteria. We confirm the current certification and qualification requirements applicable to you before documentation begins.
Is there a deposit requirement?
Yes. SEBI replaced the net worth requirement with a deposit held with the stock exchange, sized by the maximum number of clients served in the previous financial year. We confirm the slab that applies to you as part of the eligibility check.
How long does registration take?
Timelines depend on SEBI's processing queue and how quickly clarifications are resolved, and are not something we can commit to in advance. We'll give you a realistic expectation once your application is filed.
Considering Investment Adviser registration?
We'll start with an eligibility check against your specific situation, then take it from there.
Background reading: what registration costs and what you can charge clients.