We’re happy to tell you that we now have transitioned from being an Particular person RIA to a Non-Particular person RIA as BasuNivesh Price Solely Monetary Planners!
My aspiration to develop into a SEBI RIA started as quickly as SEBI launched RIA Rules in 2013. Regardless of being a CFP with over 5 years of expertise again then, I used to be ineligible to use attributable to being an undergraduate on the time. Consequently, after ending my commencement, I submitted my software in 2017 and obtained my particular person SEBI RIA registration in 2018. I shared this achievement via my weblog put up titled “Introducing Price-Solely Monetary Planning Service!“.
Causes behind shifting from Particular person RIA to Non-Particular person RIA
# To extend our enterprise
You will need to notice that when a person RIA’s ACTIVE shopper depend reaches 150, they’re required to stop their particular person RIA enterprise and procure a non-individual RIA license in the event that they intend to proceed serving greater than 150 energetic shoppers.
Subsequently, transitioning from serving particular person RIAs to serving non-individual RIAs permits us to increase 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’s any change in service choices. The price, course of, and dedication will stay the identical as the way it was earlier.
Please verify the knowledge relating to the service particulars of our mounted fee-only monetary planner providing on the “Mounted Price Solely Monetary Planning Service“.
# We could have a crew
At current, our crew consists of two members. However, we anticipate that just a few extra people can 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 accountability.
# Our registered workplace is in Bangalore, however we provide companies nationwide and worldwide.
On condition that our registered workplace is positioned in Bangalore, typically results in the query of whether or not our companies are completely for Bangalore residents. Nonetheless, with technological progress, bodily distance is not a barrier. Subsequently, our companies cater to people in Bangalore, in addition to different areas in India and across the globe.
Conferences will be organized and carried out effortlessly via Google Meet, Skype, or Whatsapp calls, whereas knowledge will be exchanged through e mail.
Consequently, our companies are accessible to everybody, no matter their location.
In conclusion, I wish 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 help and encouragement have motivated me to transition from a person RIA to a non-individual RIA.
