Comment on The race to Zero – Can the Indian brokerage industry survive?
commented on
08 Oct 2019, 01:04 PM
I am a Fee only SEBI Registered Investment Advisor based out of Delhi.
Towards the end of the article , you mention the need of a mechanism where the Advisor can raise a fees bill to the broker and broker and the fees is collected from the client and paid to the Advisor.
That mechanism currently exists. SEBI permits LPOA for debit of fees.We’re currently working with Ifast Financial , Mumbai and have a LOE and Fees schedule signed.
It’s a big opportunity but as adoption is low, very few are in the platform business made for Advisors. Wish more people like Zerodha can venture into the nascent market.