The capital market regulator, Securities and Exchange Board of India (SEBI), has proposed a Self Regulatory Organisation (SRO) for the wealth management industry to regulate the business. According to SEBI, the new SRO would also serve as a medium for SEBI to implement its various initiatives for the wealth managers. Any regulation or guideline in wealth advisory business has to encompass different kinds of players that exist in the market. There are a range of service providers in the wealth management spectrum and the services they offer range from a pure advice to a level of comprehensive portfolio management services.
http://www.thehindubusinessline.com/features/investment-world/article2442180.ece
pretty good insights. I’ll be sure to stop by and read more from you. thanks.