Sebi fee cap: Move could force players to change biz model, say advisors

The Securities and Exchange Board of India’s (Sebi’s) move to cap fees for advisory services could force players to move out of the advisory business and switch to commission-linked services, with advisors seeing the move as detrimental to business viability.   In its board meeting on Monday, the markets regulator laid down norms for advisors. It barred them from offering distribution services and stated there will be an upper limit on the fee advisors can charge from their clients. Industry participants say this could make life difficult for advisors offering serv.....

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel
Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.