SEBI registered Investment advisor (RIA) with Registration number – INA 000000342.

Melvin started Finvin Financial Planners in 2010 as the fee only model. In 2013, SEBI came out with Investment Adviser’s Regulations and he got registered as an Investment Adviser. He helps his clients in investing in the best suited products. He recommends online term policies and direct plans in mutual funds in the interest of the clients.

The selection of a financial planner is very important for your financial health. There are three types of financial planners available in the market. They are:

Commission based

They are generally associated with insurance /mutual fund companies and are receiving commission income from those companies. Their primary target is to sell the products of the company which they represent.

Fee Based

Such planners will be having earnings from both sides – fee from clients and commission from the financial product selling. There is a possibility of conflict of interest in this.

Fee Only Planner

Such planners are getting income only from their clients as the fee. Since they don’t sell any products, they can help clients in recommending the best suited products as per their needs. They are not having any sales targets and can protect the interest of their clients.

SEBI Registered Investment Adviser (RIA)

Selecting a financial planner is an important decision in your financial life. He will be like your family doctor. The element of trust & confidentiality is very important.

SEBI took the first step in this direction in 2013 and came out with Investment Adviser Regulation. As per this, only those who are registered with SEBI as an Investment Adviser can act as a financial planner and give financial advice. SEBI registered Investment Advisers (RIA) will be the better option for you while selecting a financial planner.  Please note how these advisers are different:

  • Professional Qualification – To become an Investment Adviser, SEBI has laid down stringent guidelines on educational qualification. The candidate should have a certification from National Institute of Securities Markets (NISM) or CFP qualification from Financial Planning Standard Board India (FPSB)
  • Fiduciary Responsibility – This is your advantage. RIA has a fiduciary responsibility of working in your interest and he can be held responsible for any breach of trust. This will ensure that the RIA will keep your interest as priority while rendering the services.
  • Code of Conduct – RIAs are bound to adhere to the code of conduct by SEBI. The regulations are in line with global standards.
  • Letter of engagement – RIA will be signing a letter of engagement which clearly mentions the fees, scope of services, conflict of interest if any etc.
  • Compliance – RIAs have to adhere to compliance directed by SEBI. Maintenance of records, annual audit of books of accounts etc are part of compliance. RIA is a regulated person to deal with.

As an investor, it will be better to deal with a Registered Investment Adviser (RIA) to ensure unbiased financial advice without any conflict of interest.

Melvin Joseph is a SEBI registered Investment adviser (RIA) with Registration number – INA 000000342.


We met Mr Melvin of Finvin Financial Planners through an old friend who is also a long term client of Finvin. We have been investing and buying insurance from the last 10 years on our own. One recurrent problem during all these years was our misguided investment decisions, which sometimes proved costlier. Although we are motivated to save and invest for the sun set years, we lacked the much needed direction and road map for achieving our financial goals.


Our main reason to choose Finvin is their neutral approach to advising their clients. Finvin doesn't sell any financial products and hence there is potentially no room for any conflict of interest. Another USP with Finvin is their flat fee model. Mr Melvin collected data points concerning our income, expense, assets, insurance and existing investments. We were also asked to set short term, mid-term, and long term financial goals. This exercise forced us to rethink our priorities in life and brought into sharp focus our strengths and weaknesses. Mr Melvin worked with us closely and designed a financial road map containing detailed strategy and advise. The road map document served as an eye-opener. We quickly realized our mistakes and initiated a corrective action based on this road map. We were under-insured for life and insufficiently covered for health. To our dismay, we were saving and investing way below than what is actually needed to meet our life goals. We swiftly changed gears and took control of our destiny based on Mr Melvin's advice.


Working with Mr Melvin is a pleasure. Mr Melvin has decades of experience in the Indian financial industry and is a very seasoned professional. If you want a genuine, glamour-free advice that is worthy of your hard-earned money, Mr Melvin is your go-to man.

Hari, Bangalore

Came to know about Melvin through an office colleague who had availed his services. After some initial apprehensions, decided to go ahead with utilizing Melvin's expertise. Melvin comes across as an honest, down to earth and a practical man when it comes to financial planning which I guess has comes from years of experience. He imbibed in me goal oriented financial planning which was an important learning for me. He suggested a few changes to my existing portfolio and I am starting to see the results of the same. He has been there for any queries any time. I would recommend him to anyone who wants their financial planning to be in order and working for them

Girish H, Mumbai

''Melvin is helping my husband and I refocus on our financial goals and objectives. What makes his approach unique is that he gives us a very patient hearing to the  financial challenges that we as first-time-parents are experiencing. Further, he is helping us rebuild our portfolio from scratch. Melvin’s approach is a mix of  practicality and logic, which helps non-financial folks like my husband and I work on his recommendations seriously.


I'm very happy to be associated with Melvin...Talking to Melvin is one the most financially-prudent decisions that we have ever taken.

S R, Hyderabad