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Archisma Ayar
Colleague at The Ken who provided insights on the state of registered investment advisors (RIAs) and the impact of SEBI's regulations.
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Jul 1, 2025
• 15min
Why Sebi-registered advisors are now an endangered species
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Archisma Ayar, a colleague at The Ken, dives into the complex world of registered investment advisors (RIAs) in India. She highlights the alarming decline of RIAs, with a staggering ratio of one advisor for over 200,000 investors. Ayar discusses SEBI's regulatory impacts, which have hindered advisor numbers while fintech solutions like ET Money emerge to fill the gap. The conversation also touches on the evolving landscape of investor behavior and the challenges faced by retail investors in accessing affordable and effective advisory services.
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