Zerodha mandates investment advisory certification for financial advisors - APAC News Network
19 October 2024
In a bid to encourage formal routes of investment and check the rise of unregulated financial influencers, Zerodha Broking Ltd has mandated advisory certification for authorized persons (APs) who engage with investors on behalf of the stockbroker. It has asked all the APs to clear the first level of investment advisory certification, NISM Series X-A, which is mandatory for candidates aspiring to become registered investment advisors (RIAs). In addition, APs will also be required to come for an interview at Zerodha’s office as part of the application process.
In a bid to encourage formal routes of investment and check the rise of unregulated financial influencers, Zerodha Broking Ltd has mandated advisory certification for authorized persons (APs) who engage with investors on behalf of the stockbroker. It has asked all the APs to clear the first level of investment advisory certification, NISM Series X-A, which is mandatory for candidates aspiring to become registered investment advisors (RIAs). In addition, APs will also be required to come for an interview at Zerodha’s office as part of the application process.
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