Sebi registeted investment advisor is new form of agent. When you plan for investment you contact agent or mostly agent call you and you ask commission from agent and on greed of money you take decision of investment in share market, mutual fund,ilife insurance, general insurance and primary market of stock exchange and fixed deposit of corporate so regulator decide and all India basis survey regulator allow registered investment advisor in professional way
Now a day you get pass back and force agent to give pass back otherwise you don't invest so new form you invest without pass back and total commission agent get remove and on that part i.e. direct option he charge fees from you. Ilife insurance agent get 21% & 35% commission so this amount deducted and on give service by RIA he get professional fees from you on agreement with you and RIA give advice on all segment of investment module
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