SEBI registers Principal Retirement Advisors as an Investment Adviser
Mumbai, September 16, 2013: Principal Retirement Advisors Pvt. Ltd. (PRA),India’s first dedicated retirement solutions specialist, is now among the first few entitiesto be registered under SEBI (Investment Advisers) Regulations, 2013. Earlier in January this year, SEBI had issued the Draft Investment Advisory Regulations and madeit mandatory since 21st April 2013, for everyperson or organizationin advisory business to be registered with SEBIon or before 21st October 2013.
Principal Retirement Advisors, which started its operations in October 2012, has been offering retirement and investment planning advice to clients across Mumbai, Delhi, Bangalore, Chennai, Kolkata, Hyderabad, Ahmedabad, Pune, Lucknow, Jaipur and Chandigarh.
Speaking on the occasion, Mr Rajan Ghotgalkar, Country Head, Principal International (India) mentioned “PRA offers a personalized, unbiased and holistic advice to retail clients for planning for their life-stage based financial goals.We had initiated work on setting up the company, back in 2010. The very issuance of Investment Adviser Regulations in 2013 and SEBI’s subsequent approval to our application thereof, ratifies our belief in the retail investor’s need for an unbiased and expert investment advice.”
“We welcome SEBI’s approval and are extremely happy to deliver retirement & investment advice under the Investment Advisory norms. With our parent’s (The Principal Financial Group®, USA) global expertise & lineage, we have built comprehensive advisory capabilities and have adopted global best practices for delivering advisory solutions to our clients. This was critical in securing the regulator’s approval and now as an “Investment Adviser”, we look forward to reaching out to more & more clients with greater confidence” said Sudipto Roy, Director, Principal Retirement Advisors
Headquartered in Mumbai, Principal Retirement Advisors offers first-of-its-kind, one-stop advisory solution through a network of dedicated financial professionals.. As true advisors, PRA aims to bring its comprehensive knowledge and experience of retirement& investment services to customers giving them the true edge in the marketplace.
For more information Please contact
Atul Malikram
9755020247