Sharan Hegde’s 1% Club has achieved a groundbreaking milestone by becoming the first finfluencer-driven fintech company in India to secure the prestigious SEBI-registered Investment Adviser (RIA) license. This landmark achievement not only sets a new precedent in the financial advisory space but also paves the way for a more transparent, regulated, and personalized wealth management ecosystem in India.
A Six-Month Journey to Regulatory Success
Obtaining the SEBI RIA license was no small feat. The rigorous six-month journey involved collaborating with leading compliance and legal experts to ensure full regulatory adherence. With this certification, 1% Club now has the authority to provide personalized, one-on-one financial advisory services, reinforcing its commitment to transparency, trust, and ethical investment practices.
Bridging India’s Financial Advisory Gap
Currently, India faces a staggering shortage of certified financial planners. According to SEBI, the country requires nearly one million financial advisors, yet only about 1,300 certified professionals are available. 1% Club aims to change this narrative by expanding its presence across key Indian cities, with a mission to cater to the country’s growing demand for expert financial guidance. Over the next decade, the company plans to capture 5–10% of this underserved market, making professional financial planning more accessible to India’s burgeoning middle class.
Scaling New Heights: 1% Club’s Vision
The company’s Personal CFO division already manages an impressive INR 750 crore in Assets under Advisory (AUA), backed by a dedicated team of 40 professionals. With the SEBI RIA license in hand, 1% Club is now setting its sights on acquiring additional SEBI certifications, which will enable it to offer advanced investment solutions, including stock recommendations and high-yield debt products.
“This achievement is not just about obtaining a license—it’s about setting a new standard for India’s wealth management industry,” said Sharan Hegde, Founder and CEO of 1% Club. “We are committed to reshaping financial advisory by focusing on trust, credibility, and long-term wealth creation for India’s middle class. This is just the beginning.”
Empowering Financial Independence for 85,000+ Members
1% Club is more than just a fintech platform—it’s a growing community with over 85,000 members actively engaging in financial education, exclusive wealth-building events, and smart investment tools. The company’s core philosophy revolves around empowering individuals with the right financial knowledge to make informed investment decisions, ultimately fostering financial independence.
Raghav Gupta, Co-founder of 1% Club, emphasized the significance of this milestone: “Acquiring the SEBI RIA license strengthens our fiduciary responsibility towards investors. We are dedicated to ensuring that our financial planning services act in the best interest of our clients, creating long-term value and impact.”
A New Era of Wealth Management
The SEBI RIA license aligns with 1% Club’s larger vision of introducing cutting-edge financial products and forging strategic partnerships with top wealth management firms. By prioritizing risk-adjusted returns and data-driven investment strategies, the company aims to redefine the way Indians approach wealth creation and financial security.
As 1% Club embarks on this ambitious expansion journey, it remains steadfast in its mission to make expert financial advisory services accessible to all, revolutionizing India’s financial landscape one investor at a time. With regulatory backing, an engaged community, and a vision for the future, the company is well-positioned to lead the charge in India’s evolving wealth management industry.
