I would say that's the best... Plus it adds to ones credibility.... One would get his own sebi registration number and I think listing on sebi website also.. On top of that u can enter into a fee agreement with the client..
I would say that's the best... Plus it adds to ones credibility.... One would get his own sebi registration number and I think listing on sebi website also.. On top of that u can enter into a fee agreement with the client..
That's right. But, for an individual registered as an Investment Advisor, whom does the responsibility of execution of ideas lie with? The client taking the advise or the advisor?
By Authorization letter you mean a Power of Attorney right? Many sub-brokers are doing this even without any kind of authorization. Just mutual consent.
By Authorization letter you mean a Power of Attorney right? Many sub-brokers are doing this even without any kind of authorization. Just mutual consent.
Not a hard fast power of attorney... A simple authorisation in writing is fine a tually... However, a sub broker cannot do it even with a POA.. That would be non compliant. Only investment advisor registered with sebi can use this mode as there will be proper investment management agreement with the client as well.