{"id":1320,"date":"2024-04-23T05:11:57","date_gmt":"2024-04-23T05:11:57","guid":{"rendered":"https:\/\/jamawealth.com\/askguru\/?p=1320"},"modified":"2026-03-02T19:26:42","modified_gmt":"2026-03-02T19:26:42","slug":"how-can-one-become-independent-financial-consultants-with-no-affiliation-to-any-firms-banks-or-mutual-funds","status":"publish","type":"post","link":"https:\/\/maxiomwealth.com\/askguru\/2024\/04\/23\/how-can-one-become-independent-financial-consultants-with-no-affiliation-to-any-firms-banks-or-mutual-funds\/","title":{"rendered":"How can one become independent financial consultants with no affiliation to any firms, banks or mutual funds?"},"content":{"rendered":"\n<p>You can become a SEBI Registered Investment Advisor who only provides consulting and advisory services. You can let the client do the follow on tasks of investments on his or her own.<\/p>\n\n\n\n<p>To become a SEBI RIA, you will need to pass two exams of National Institute of Securities Management (NISM). Series X-A (or Level 1) and X-B (or Level 2).<\/p>\n\n\n\n<p>These exams ensure that you become well acquainted with the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Know the process of investment advisory, stages in the advisory process, creating and implementing a financial plan.<\/li><li>Understand various products, evaluate their suitability, risks, returns and strategies<\/li><li>Regulatory &amp; Taxation aspects: Income-tax, Wealth tax, Estate planning<\/li><li>Insurance, Retirement planning<\/li><\/ul>\n\n\n\n<p>Some people also go for a Certified Financial Planner course (CFP) but this is not as well recognised and established as the RIA tag to make you a truly independent advisor with \u2018fiduciary\u2019 responsibility.<\/p>\n\n\n<!-- mw-cta-block -->\n\n<div class=\"mw-cta-block\" style=\"background:#EEF3FC;border-left:5px solid #1C52A0;padding:22px 26px 20px;margin:36px 0 24px;border-radius:0 10px 10px 0;\">\n  <p style=\"margin:0 0 4px;font-size:11px;font-weight:700;color:#276FC4;letter-spacing:1px;text-transform:uppercase;\">Maxiom Wealth \u2014 Free Tool<\/p>\n  <h3 style=\"margin:0 0 10px;font-size:19px;font-weight:700;color:#113E81;line-height:1.3;\">Will You Have Enough When You Retire?<\/h3>\n  <p style=\"margin:0 0 18px;color:#444;font-size:15px;line-height:1.65;\">India&#8217;s average retirement corpus shortfall is \u20b91.8 crore. Inflation, rising healthcare costs, and longer lifespans make retirement planning urgent \u2014 not something to defer. Use our planner to find your number.<\/p>\n  <a href=\"https:\/\/maxiomwealth.com\/resources\/calculators\/retirement-plan\" style=\"display:inline-block;background:#1C52A0;color:#fff!important;padding:11px 22px;border-radius:6px;text-decoration:none;font-weight:600;font-size:14px;margin:0 10px 8px 0;\">Check My Retirement Plan \u2192<\/a>\n  <a href=\"https:\/\/maxiomwealth.com\/meeting\" style=\"display:inline-block;border:2px solid #1C52A0;color:#1C52A0!important;padding:9px 22px;border-radius:6px;text-decoration:none;font-weight:600;font-size:14px;margin-bottom:8px;\">Speak to a Retirement Planner<\/a>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>You can become a SEBI Registered Investment Advisor who only provides consulting and advisory services. You can let the client do the follow on tasks of investments on his or her own. To become a SEBI RIA, you will need to pass two exams of National Institute of Securities Management (NISM). Series X-A (or Level&hellip;&nbsp;<a href=\"https:\/\/maxiomwealth.com\/askguru\/2024\/04\/23\/how-can-one-become-independent-financial-consultants-with-no-affiliation-to-any-firms-banks-or-mutual-funds\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">How can one become independent financial consultants with no affiliation to any firms, banks or mutual funds?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[119,26],"tags":[],"class_list":["post-1320","post","type-post","status-publish","format-standard","hentry","category-advisory","category-investments"],"_links":{"self":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/comments?post=1320"}],"version-history":[{"count":1,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1320\/revisions"}],"predecessor-version":[{"id":3565,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1320\/revisions\/3565"}],"wp:attachment":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/media?parent=1320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/categories?post=1320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/tags?post=1320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}