Quick summary
Financial advisor fees in Bangalore range from free (commission-based) to ₹1,25,000/year (fee-only SEBI RIA). Here's what you are actually paying. Whether or not you see the fee.
The two fee models: what you pay and when
There is no such thing as free financial advice. The question is whether you pay transparently (fee-only) or invisibly (commission embedded in product costs):
- Fee-only SEBI RIA: you pay a transparent advisory fee; they earn nothing from product commissions
- Commission-based distributor: you pay no direct fee; the advisor earns 0.5–1.5% commission from mutual funds (regular plans), insurance products, and other products. This is your cost, paid via higher expense ratios
- Fee-and-commission hybrid: some advisors charge a reduced fee and also earn commission. SEBI regulations allow this under disclosure requirements
SEBI RIA fee ranges in Bangalore (2026)
SEBI caps RIA fees at 2.5% of AUA per annum, or ₹1,25,000 per family per annum. Typical Bangalore RIA fees:
- One-time comprehensive financial plan: ₹15,000–₹50,000
- Annual advisory retainer (ongoing): ₹20,000–₹1,00,000/year depending on portfolio size
- Percentage-of-AUA model: 0.5–1.5% per annum on assets under advice
- Hourly consultation: ₹3,000–₹10,000/hour
- Retirement-only plan: ₹10,000–₹30,000 one-time
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Find a verified financial advisor in BengaluruWhat the fee actually covers
Before engaging a Bangalore financial advisor, define what services are included:
- Initial financial plan (net worth statement, goals, asset allocation recommendation)
- Investment selection and portfolio construction
- Ongoing monitoring. Quarterly or annual review meetings
- Tax coordination with CA for LTCG, ITR planning
- Insurance review and recommendations
- Life event support. Job change, property purchase, inheritance
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