Advisory Fees
Investment advisers, analysts can now levy fees in advance up to 1 year, says SEBI
This story was originally published at 20:01 IST on 2 April 2025
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AHMEDABAD - Investment advisers and research analysts can now charge their clients fees in advance up to a period of one year, the Securities and Exchange Board of India said in a press release issued Wednesday. Earlier, investment advisers were allowed to charge advance fee for a maximum period of two quarters and research analysts could charge advance fee for one quarter. SEBI's board approved this change on Monday.
The market regulator further clarified that fee related provisions such as fee limit, modes of payment of fees, refund of fees, advance fee, breakage fees will only be applicable in case of individual and Hindu Undivided Family clients not being accredited investors. Thus, these conditions do not apply to non-individual clients, accredited investors, and in case of institutional investors seeking recommendation of proxy advisers, SEBI said in a press release. In such cases, fee related terms and conditions shall be governed through bilaterally negotiated contractual terms. End
Reported by Sunil Raghu
Edited by Ashish Shirke
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