Sebi is set to relax entry rules for financial planners. Can you rely on your financial adviser?

The new proposals, yet to be formalised, introduce several concessions to the earlier restrictive regime. It also opens up the space for individuals currently operating outside the regulatory purview. The intent is to encourage more individuals to step in and fill the void in the formal advisory space to provide guidance on money matters to millions. Find out if it could impact the quality of advice.