We’re happy to tell you that we’ve transitioned from being an Particular person RIA to a Non-Particular person RIA as BasuNivesh Payment Solely Monetary Planners!
My aspiration to turn 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 as a result of 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 submit titled “Introducing Payment-Solely Monetary Planning Service!“.
Causes behind transferring from Particular person RIA to Non-Particular person RIA
# To extend our enterprise
It is very important be aware that when a person RIA’s ACTIVE consumer rely 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 lively purchasers.
Due to this fact, 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 may be any change in service choices. The charge, course of, and dedication will stay the identical as the way it was earlier.
Please examine the knowledge concerning the service particulars of our fastened fee-only monetary planner providing on the “Mounted Payment Solely Monetary Planning Service“.
# We might have a staff
At current, our staff consists of two members. However, we anticipate that just a few extra people might 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 positioned in Bangalore, typically results in the query of whether or not our companies are solely for Bangalore residents. Nonetheless, with technological progress, bodily distance is 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 will be organized and carried out effortlessly via Google Meet, Skype, or Whatsapp calls, whereas information will be exchanged by way of electronic mail.
Consequently, our companies are accessible to everybody, no matter their location.
In conclusion, I wish to specific my gratitude to my family members, supporters, weblog followers, and purchasers 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.