New Delhi : Markets regulator Sebi on Thursday allowed Investment Advisers (IAs) to give a second opinion on a client's assets that are already under a pre-existing distribution arrangement, like those managed by another distributor.The move is aimed at making business easier for IAs and giving investors more flexibility to seek professional opinions.Earlier, IAs were not allowed to charge fees on such assets.

Now, IAs can charge a fee of up to 2.5 per cent annually of the asset value for providing a second opinion, Sebi said in its circular."In order to provide investors the opportunity of obtaining a second opinion on assets under pre-existing distribution arrangement with other entity, if so desired, it has been decided -- IAs may charge fee on such assets subject to a limit of 2.5 pe

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