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.


When we had planned to start with understanding and planning our financial investments we met a lot of advisers. The thing we liked about Melvin is he took his time to understand our situation and goals and help us come up with a plan accordingly. He was easy to communicate and always available to clear are doubts. After we started our journey the best thing we realized was rather than just taking care of our investments he taught us how to invest on our own (many other advisers wanted us to invest through them so that they would earn a portion of our gains), he walked us through the steps as we were novices in the world of investing. We are really happy with the service we have got and plan to continue using his help to guide us

Dr Satish Kumar and Dr Swathi Menon.

I came to know about Mr Melvin Joseph via discussions on "fee-only" financial advisers on the Facebook group "Asan Ideas for Wealth". His name came prominently in many discussions and this was a comforting factor. I was very impressed by the initial response time to a generic query made to him. This and the clear information confirmed to me that he is a person who has his clients interest at the highest priority.

Investing for future  in D-I-Y ( do it yourself) mode can be a bit tricky. There is a lack of genuine feedback and timely course correction . This can be corrected by using professional services from a genuine guy.

After detailed email and telephonic discussions, Mr Melvin patiently drafted a plan which was well aligned to my initial course and certainly more streamlined.

He gives you a very simple algorithm like plan to cover your investment, insurance and other issues.

I would surely like to add that I am very impressed by his prompt availability for queries afterwards. According to me , this is perhaps his strongest asset and this connection which he makes with others is very comforting.

Investing has  hazards involved , specially when you are trying to beat inflation in the long run. I would recommend new investors or even those who are looking for second opinions/professional advice to understand that these risks cannot be eliminated. However, the  wisdom and experience he provides with his immense time in the field can reduce larger but no-so-obvious  risks and can also lead to timely course correction if needed.

I have faith in the intentions, wisdom and experience of Mr Melvin Joseph. I have already recommended him to colleagues and friends and would do the same in future. Talking to him will probably be one of the best investing decisions you would make.

DR. Gaurav Prakash. UAE

Three words to describe Melvin - Patient, Informed and organised. He patiently answered all my queries on personal finance for two years without being enrolled with him. He encouraged me to realign my portfolio, in line with my goals and then . His reasonable fee definitely made it attractive to continue remain attached to him.

What I appreciate most is that he is only a phone call away.

Dr. V Tripathi