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Financial Planner Regulation

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GB

Investor

30 Points Posted on 25 December 2022

Who can be a Financial Planner for Individuals in India is there any regulation for it?

Any specific education or certification required (any exemption for CA or other professional qualification)?

Replies (2)

Quick Summary

In India, there's no specific government regulation defining who can be a financial planner. While professional bodies and associations exist, membership isn't mandatory. Typically, planners have finance-related degrees, but no specific educational or certification requirements are legally enforced. Some confusion exists regarding SEBI/NISM certifications, but these are not universally required for all financial planners.

Mitali

Finance Professional

45545 Points Posted on 26 December 2022

Financial planners can be individuals or firms.

There is no specific regulation for financial planners, but there are certain professional bodies and associations that financial planners can choose to become a member of.

There is no specific education or certification requirement. However, financial planners typically have a background in finance, business, or a related field, and may hold a bachelor's or master's degree in a relevant subject such as finance, economics, or accounting.