How To Become Registered Investment Advisor?

A financial advisor is a specialist who provides his clients with financial advice and helps them achieve their goals in life. For their clients, they conduct financial preparation, which is the method of achieving their life goals through proper financial management. Life goals can include owning a home, investing for the education of kids, retirement planning or estate planning. A big part of the role of a financial advisor is to make customers feel relaxed and create confidence in them. They have to keep up with the latest business events and have to provide their customers with impartial advice.

Being a financial advisor also comes with a lot of responsibility, as with any other specialist. A financial planner handles other people’s finances. A good financial advisor may be a person who has experience, desired passion and an ever-growing interest.

Eligibility To Become Registered Financial Advisor

  • Education Every firm has its own criteria for eligibility. Candidates can review any company’s job description to know the minimum requirements for the job. Some businesses need candidates with a master’s degree in a finance-related stream, whereas brokerage firms can employ candidates based on their bachelor’s degree results.

  • Experience As most individuals tend to take advice from an experienced financial planner, before going forward, candidates should obtain some experience. By applying as an intern, they can start their career so that they can become acquainted with all the funding-related terminology and strategies. This will also assist them in acquiring some field experience.

  • Skills The financial adviser must also possess certain additional skills in addition to the academic requirements. It will allow candidates to stand ahead of the other candidates by getting certain skills related to financial management. Some of the significant abilities are interpersonal skills, communication skills, organizational skills, enthusiasm and customer service skills.

Becoming a Registered Financial Advisor In India

  • Fee only advisors have to be registered as an Investment Advisor (RIA) with SEBI
    1. Certification accredited by National Institute of Securities Markets (NISM) – like Chartered Wealth Manager (CWM)

    2. CWM certification is provided by AAFM India approved by AAFM US.

  • Commission only advisor has to get certain certifications such as
    1. Insurance IRDA Examinations IRDAI IC 38

    2. Certification accredited by National Institute of Securities Markets (NISM) – like Chartered Wealth Manager (CWM)

    3. CWM certification is provided by AAFM India approved by AAFM US.

You might also like: Financial Advisor Costs in India

What Is The Scope Of Registered Financial Advisors In India?

Personal financial advisors are not just for people who are rich. Without any anxiety, every person can benefit from objective support to systematically develop, grow, accumulate and use wealth to fulfill one’s personal goals, family goals and other lifestyle goals. Financial planners will guide people to achieve their ultimate goal of happily enjoying their retirement lives without sacrificing living standards.

Following advices are provided by a registered financial advisor on:

  • Savings systematically

  • Control of cash flow

  • The management of debt

  • Allocating assets for investment

  • Risk management via insurance planning

  • Tax methods to raise the investment surplus

  • Distribute residual capital by the preparation of estates.

For people with good communication skills combined with knowledge of how the financial service industry works, financial advisory is the perfect profession. One could work for a bank, insurance company, brokerage house or have one’s own practice as a financial advisor.


In addition to feeling good about providing sound advice and creating a strong financial basis for their clients, registered financial advisers can reap other incentives for themselves, such as high salary, flexibility in the work schedule, and control over their practice. Evaluating the pros and cons of this career will help you make a powerful decision as to whether or not this career is the right one for you.

A registered financial advisor will help you ensure that along with your company finances, your personal finances will be in good order. In your business and personal life, these professionals play an important role and ensuring good communication and teamwork will be crucial to your long-term success. Always note, those who have your best interests at heart are the best financial advisors. For the same thing, you should reach out to reputable franchises like IIFL in order to stay bullish on your future by becoming a financial advisor.

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