From RIA to RA

Mar 11, 2022 6:47 am

Dear members and friends,

Mystic Wealth has been offering Model portfolio services in the domains of Momentum and Value.

We have SEBI registered RIA license to conduct these services. With the new rules getting implemented and dust settling, we realize that since we do not provide customized advisory to individual clients, we can run our services as an RA (Research Analyst) and do not require to be a RIA which is a bigger branch covering a gamut of offerings.

And therefore, on legal advice, we have obtained the RA license INH 000009056.

We will Run smallcase offerings under this RA license.

The onboarding procedure will change to match the RA regime. The Risk profiling of clients is NO longer our responsibility. Our endeavor would be to publish the research (Model portfolios) only. This is what we were doing earlier as well.

There is no change for the existing clients. We shall continue to serve our current commitments. It is just a regulatory framework/verbiage change.

Feel free to contact us in case of any queries

We take this opportunity to thank you for your continuous support and trust. Let the wealth generation journey carry on.