India-based ICICI Securities has launched its investment advisory services under the new Investment Advisors Regulations of 2013 issued by the SEBI and aims to break even in a few months.
According to the company, the new advisory services cover financial planning, investment portfolio evaluation, quarterly reviews together with ongoing advisory support.
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The new service, which is fee-based, will advise clients to meet their financial goals.
Investment Advisory Services head Abhishake Mathur said: “We have launched the advisory services under which a comprehensive financial planning will be provided to customers. We are a 15-people team now, which will be increased to 25 going ahead. We hope that this new segment will be profitable in couple of months.”
Mathur added that people above the age 35 along with those nearing retirement are showing interest in these kind of services.
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