We are pleased to inform you that we have transitioned from being an Individual RIA to a Non-Individual RIA as BasuNivesh Fee Only Financial Planners!
My aspiration to become a SEBI RIA began as soon as SEBI introduced RIA Regulations in 2013. Despite being a CFP with over 5 years of experience back then, I was ineligible to apply due to being an undergraduate at the time. Consequently, after finishing my graduation, I submitted my application in 2017 and obtained my individual SEBI RIA registration in 2018. I shared this achievement through my blog post titled “Introducing Fee-Only Financial Planning Service!“.
Reasons behind moving from Individual RIA to Non-Individual RIA
# To increase our business
It is important to note that when an individual RIA’s ACTIVE client count reaches 150, they are required to cease their individual RIA business and obtain a non-individual RIA license if they intend to continue serving more than 150 active clients.
Therefore, transitioning from…