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Comments Posted
Name : R.VivekCity : Salem
ARN NO : 85739Date : 03 Jan 2017
Comments :
Fixed Fee Model should be applicable to AMCs also. Let them charge 500/- or 600/- per Lakh directly in investors folio. And only this should be there service charge. Additionally they can charge some % as management fee if NAV grows on annual basis. AMCs, IFAs, RIAs are professionals providing Investment Options to Investors and depend wholly on Investors funds. So let Professionalism be for all , why only for IFAs ??
Name : S.K.BagariaCity : Kolkata
ARN NO : 0185Date : 27 Dec 2016
Comments :
Does it mean that RIA and MF-Ria both will be allowed to sell DIRECT NAV only . And Distributors will be allowed to Sell REGULAR NAV but without any compliance and responsibility. In this case TER of Regular is expected to be reduced drastically alongwith reduced commission. Will not it be better if MF RIA are being allowed to sell REGULAR WITH REDUCED tRAIL and reduced Brokerage . Further the way TER is similar across AMC , the brokerage will also need to be similar across AMCs. It will solve the problem of CONFLICT OF INTEREST as well as mode of payment of fees to MF RIA.
Name : I Plan Wealth Management Services LLPCity : Bhopal
ARN NO : ARN-110432Date : 26 Dec 2016
Comments :
Instead of focusing on brokerage of IFAs, SEBI should engaged itself in evaluating services of R&T agents.In the age of digitilisation the R&Ts are still not able to provide correct data through Mail back services.The data of both these entities are available in markets. SEBI should bring a paper on: 1.How to serve customers in rurals. 2.How to stream line the bank branches which are pushing high revenue products. 3.Distributor services should be rated and reviewed by customers. 4.Either promote a programme in rurals for youth who can become distributors and generate employment on their own or through some ND. The Business is limited to T-15 and B-15 towns. First EXPAND/EXPLORE and teach investors to pay. Like the present govt is tutoring digital payments methods .Than bring regulations .
Name : SATYACity : chennai
ARN NO : 103393Date : 26 Dec 2016
Comments :
IF ANYONE ADVISES OR RECOMMENDS ANY PRODUCT GOVERNED UNDER SEBI SHOULD HAVE RIA, LIKE EUIN. NO ONE SHOULD RECOMMEND/SUGGEST ANY SHARE OR EQUITY OR PMS OR ANY MUTUAL FUND WITHOUT HAVING EUIN/RIA. WHEN AN EMPLOYEE OF A BROKER IS ENTERING THE ORDER. EACH ORDER SHOULD CAPTURE THE EUIN NUMBER OR RIA NUMBER, WHO IS SUGGESTING THE SHARE OR PMS OR MF, THEN THE RIA REGULATION HOLDS GOOD. DEFINITELY SEBI WILL DO THE BEST FOR THE INVESTOR/INDUSTRY
Name : Shailesh SampatCity : Nashik
ARN NO : Business LinkDate : 26 Dec 2016
Comments :
The only way to transfer MFD in to RIA 100? is allow Individual RIA to transact with commission / Fees. Let Investors to decide what he wants to pay Fee / Commission. This step will encourage MFD to register as RIA. When you are not allowing MFD to Advice and RIA to distribut MF this will be looking like generating SLAVES for corporate RIA. By the regulations SEBI will cut MFDs Arm and Individual RIAs Leg. Without arm and leg they can not go ahead without Corporate RIA suppot.
Name : SATEJ C SANGAICity : Nagpur
ARN NO : 26116Date : 26 Dec 2016
Comments :
Allow all forms of distribution and advisory practice to co-exist let the investor decide which is good for them.
Name : ASHUTOSH SOODCity : CHANDIGARH
ARN NO : ARN-2427Date : 26 Dec 2016
Comments :
I fully agree with Mr. Vijay, we Live in Jugaad world, what ever regulation comes in, we can easily find way to tackle it. Most of us are disappointed from the Regulator specially when he comes of this industry back ground, he was the only person then, who use to advocate for our cause when he was heading Indias largest AMC, Let all the KAAYNAAT work against us, we will find the WAY to WORK as usual we are working now.
Name : Mohsin BijepuriCity : Chennai
ARN NO : 33913Date : 26 Dec 2016
Comments :
This is hitting the nail on the head. Apt article for the times. As rightly said, SEBI will allow jugaad but not practical regulations acceptable, favourable & ethical to all.
Name : SriniCity : Chennai
ARN NO : Money KareDate : 26 Dec 2016
Comments :
Allow all forms of distribution and advisory practice to co-exist let the investor decide which is good for them.
Name : GanesanCity : chennai
ARN NO : Your MOney MattersDate : 26 Dec 2016
Comments :
Looks SEBI is also short sighted leaving aside the big role of distributors. Instead of looking at enhancing the responsibility of distributors, now it is looking at investors. Time has not come for that to happen.
Name : DEBRAJ SENGUPTACity : KOLKATA
ARN NO : ARN-38509Date : 26 Dec 2016
Comments :
RIA regulation is welcome as Distribution fraternity is highly scattered among IFAs, Banks and Large Distribution houses. Some additional governance and accountability measures should come in Distribution even after labelling of Risk of different products, KYD complaince etc. Sales is on without due diligence of risk profiling of clients. However, SEBI has kept lots of ambiguity so far distribution is concerned post RIA regulation comes into effect. As rightly mentioned by some Distributors that they would take letter from Investors about "Execution" only and Not "Advice" and Happy selling. But, once a letter is taken to this effect it should be mandatorily be " Execution-Only" w/o EUIN and NO COMMISSION be paid. Wealth forum suggestion on Fee recovery is ideally suited for RIA and Investors alike. Even if market downturn Distributors get lesser commission on AAUM. But a a flat fee would be welcome.
Submit Your Comments
Name
ARN No/Co Name
Comments
Verification Code
* Email *
* City *
*
*
fzFvPb
Type the characters in the picture.
We trust that you will avoid using harsh language and will refrain from making unsubstantiated allegations against individuals and firms. Your constructive feedback and opinions are very valuable to all of us in the industry.
 
Comments Posted
Name : R.VivekCity : Salem
ARN NO : 85739Date : 03 Jan 2017
Comments :
Fixed Fee Model should be applicable to AMCs also. Let them charge 500/- or 600/- per Lakh directly in investors folio. And only this should be there service charge. Additionally they can charge some % as management fee if NAV grows on annual basis. AMCs, IFAs, RIAs are professionals providing Investment Options to Investors and depend wholly on Investors funds. So let Professionalism be for all , why only for IFAs ??
Name : S.K.BagariaCity : Kolkata
ARN NO : 0185Date : 27 Dec 2016
Comments :
Does it mean that RIA and MF-Ria both will be allowed to sell DIRECT NAV only . And Distributors will be allowed to Sell REGULAR NAV but without any compliance and responsibility. In this case TER of Regular is expected to be reduced drastically alongwith reduced commission. Will not it be better if MF RIA are being allowed to sell REGULAR WITH REDUCED tRAIL and reduced Brokerage . Further the way TER is similar across AMC , the brokerage will also need to be similar across AMCs. It will solve the problem of CONFLICT OF INTEREST as well as mode of payment of fees to MF RIA.
Name : I Plan Wealth Management Services LLPCity : Bhopal
ARN NO : ARN-110432Date : 26 Dec 2016
Comments :
Instead of focusing on brokerage of IFAs, SEBI should engaged itself in evaluating services of R&T agents.In the age of digitilisation the R&Ts are still not able to provide correct data through Mail back services.The data of both these entities are available in markets. SEBI should bring a paper on: 1.How to serve customers in rurals. 2.How to stream line the bank branches which are pushing high revenue products. 3.Distributor services should be rated and reviewed by customers. 4.Either promote a programme in rurals for youth who can become distributors and generate employment on their own or through some ND. The Business is limited to T-15 and B-15 towns. First EXPAND/EXPLORE and teach investors to pay. Like the present govt is tutoring digital payments methods .Than bring regulations .
Name : SATYACity : chennai
ARN NO : 103393Date : 26 Dec 2016
Comments :
IF ANYONE ADVISES OR RECOMMENDS ANY PRODUCT GOVERNED UNDER SEBI SHOULD HAVE RIA, LIKE EUIN. NO ONE SHOULD RECOMMEND/SUGGEST ANY SHARE OR EQUITY OR PMS OR ANY MUTUAL FUND WITHOUT HAVING EUIN/RIA. WHEN AN EMPLOYEE OF A BROKER IS ENTERING THE ORDER. EACH ORDER SHOULD CAPTURE THE EUIN NUMBER OR RIA NUMBER, WHO IS SUGGESTING THE SHARE OR PMS OR MF, THEN THE RIA REGULATION HOLDS GOOD. DEFINITELY SEBI WILL DO THE BEST FOR THE INVESTOR/INDUSTRY
Name : Shailesh SampatCity : Nashik
ARN NO : Business LinkDate : 26 Dec 2016
Comments :
The only way to transfer MFD in to RIA 100? is allow Individual RIA to transact with commission / Fees. Let Investors to decide what he wants to pay Fee / Commission. This step will encourage MFD to register as RIA. When you are not allowing MFD to Advice and RIA to distribut MF this will be looking like generating SLAVES for corporate RIA. By the regulations SEBI will cut MFDs Arm and Individual RIAs Leg. Without arm and leg they can not go ahead without Corporate RIA suppot.
Name : SATEJ C SANGAICity : Nagpur
ARN NO : 26116Date : 26 Dec 2016
Comments :
Allow all forms of distribution and advisory practice to co-exist let the investor decide which is good for them.
Name : ASHUTOSH SOODCity : CHANDIGARH
ARN NO : ARN-2427Date : 26 Dec 2016
Comments :
I fully agree with Mr. Vijay, we Live in Jugaad world, what ever regulation comes in, we can easily find way to tackle it. Most of us are disappointed from the Regulator specially when he comes of this industry back ground, he was the only person then, who use to advocate for our cause when he was heading Indias largest AMC, Let all the KAAYNAAT work against us, we will find the WAY to WORK as usual we are working now.
Name : Mohsin BijepuriCity : Chennai
ARN NO : 33913Date : 26 Dec 2016
Comments :
This is hitting the nail on the head. Apt article for the times. As rightly said, SEBI will allow jugaad but not practical regulations acceptable, favourable & ethical to all.
Name : SriniCity : Chennai
ARN NO : Money KareDate : 26 Dec 2016
Comments :
Allow all forms of distribution and advisory practice to co-exist let the investor decide which is good for them.
Name : GanesanCity : chennai
ARN NO : Your MOney MattersDate : 26 Dec 2016
Comments :
Looks SEBI is also short sighted leaving aside the big role of distributors. Instead of looking at enhancing the responsibility of distributors, now it is looking at investors. Time has not come for that to happen.
Name : DEBRAJ SENGUPTACity : KOLKATA
ARN NO : ARN-38509Date : 26 Dec 2016
Comments :
RIA regulation is welcome as Distribution fraternity is highly scattered among IFAs, Banks and Large Distribution houses. Some additional governance and accountability measures should come in Distribution even after labelling of Risk of different products, KYD complaince etc. Sales is on without due diligence of risk profiling of clients. However, SEBI has kept lots of ambiguity so far distribution is concerned post RIA regulation comes into effect. As rightly mentioned by some Distributors that they would take letter from Investors about "Execution" only and Not "Advice" and Happy selling. But, once a letter is taken to this effect it should be mandatorily be " Execution-Only" w/o EUIN and NO COMMISSION be paid. Wealth forum suggestion on Fee recovery is ideally suited for RIA and Investors alike. Even if market downturn Distributors get lesser commission on AAUM. But a a flat fee would be welcome.