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Best Financial Advisors in Mumbai in 2026

Mumbai's financial district has India's highest concentration of SEBI-registered investment advisers. Here's how to verify, evaluate, and engage a fee-only financial advisor in Mumbai.

Ajsal Abbas
6 September 2025
5 min read

Quick summary

Mumbai's financial district has India's highest concentration of SEBI-registered investment advisers. Here's how to verify, evaluate, and engage a fee-only financial advisor in Mumbai.

Mumbai's financial advisor landscape

Mumbai. Particularly BKC, Nariman Point, and Goregaon. Has the highest concentration of SEBI-registered RIAs in India. The city's BFSI sector means many advisors have deep expertise in equity portfolio management, insurance planning, and HNI wealth structuring.

SEBI RIA fees in Mumbai

Typical fee ranges for SEBI-registered RIAs in Mumbai:

  • One-time comprehensive plan: ₹20,000–₹75,000
  • Annual advisory retainer: ₹30,000–₹1,25,000/year
  • AUA-based fee: 0.5–1.5% per annum
  • Hourly consultation: ₹3,000–₹12,000/hour

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