DISCLOSURES UNDER SEBI (INVESTMENT ADVISERS) REGULATIONS, 2013

A. LICENSING

 

I am registered as an Investment Adviser with the Securities and Exchange Board of India (SEBI) vide registration number is INA000003616

 

You can verify this online on the SEBI website by clicking here and entering the above registration number in the “Search by Registration no. box”;

 

B. BUSINESS ACTIVITY

 

I am primarily engaged in life planning, financial planning, wealth management and investment advisory services on a fee only basis.

 

C. DISCIPLINARY HISTORY

 

I have no outstanding financial litigation(s) against me, and no material action has been taken against me by any regulator.

 

D. AFFILIATION WITH OTHER INTERMEDIARIES

 

I am affiliated with various transaction platform service providers such as NSE, BSE, MF Utilities, iFast Financial (India) Pvt Ltd, Smallcase Technologies Pvt Ltd, for online/ paperless transaction execution services in direct plans of mutual funds, stocks and other exchange traded securities. I am also empanelled with Fintech Blue Solutions Private Limited (Mintpro) for insurance products.

 

E. DISCLOSURE WITH REGARDS TO RECEIPT OF COMPENSATION

 

I don’t accept or receive any consideration by way of remuneration or compensation or in any other form from any person other than the client being advised, in respect of the underlying investment products or securities for which advice is provided by me.

 

I also do not accept any referral fee or commission in the event of client availing the services of any organisation with whom we are affiliated, or from a professional e.g. Chartered Accountant, Lawyer, referred by me against a specific query or with whom I may collaborate for specialised services with the client’s explicit consent.

 

F. DISCLOSURE WITH REGARDS TO OWNERSHIP AND CONFLICTS OF INTEREST

 

I am one of the founding Directors of Provase Consultants Pvt Ltd, a company incorporated in 2002, which is engaged in distribution/ intermediation, execution and administration of various financial products & services viz. broking, mutual funds, bonds, portfolio management schemes, alternative investment funds, etc. I am not actively engaged in the day to day activities of the company and it is run and managed by the designated staff.

 

I am one of the founding Directors of Advent Financial Advisory Services Pvt Ltd., a company incorporated in 2006. There Is no business activity carried out in this company.

I will ensure that in case of any conflict of interest of the investment advisory activities with other activities, such conflict of interest shall be disclosed to the client.

 

G. CONFIDENTIALITY OF CLIENT INFORMATION

 

I don’t divulge any confidential information and/ or documents of my clients, which I become aware of / collect during the engagement process, without taking prior permission from clients, except where such disclosures are required to be made in compliance with any law for the time being in force.

 

H. TERMS & CONDITIONS OF SERVICE

 

I charge fees for my services in the manner as specified and permitted by SEBI. The fee depends on the nature, scope and complexity of services to be provided, and will be specified in the “Agreement of Engagement for Advisory Services” along with the applicable terms and conditions. A copy of the agreement, along with any further information as necessary to help clients take an informed decision on whether or not to avail my services.

 

The agreement of engagement has to be compulsorily executed and fees paid in advance (to the extent as permitted by SEBI) prior to commencement of engagement.

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Note: The above disclosures were last reviewed and updated on 30th June, 2020