Best Financial Advisors & Planners in Mumbai
Let us help you find the best financial advisor or planner in Mumbai for your needs
RiaFin connects you with qualified and vetted financial advisors and planners in Mumbai, Maharashtra — including fiduciary professionals, SEBI-registered advisors, CFPs, wealth planners, and investment strategy specialists. Find local advisors who understand Mumbai's investment landscape and match your needs for retirement planning, tax optimization, insurance planning, or holistic wealth management.
- Save time in searching for a trusted financial adviser or planner in Mumbai for your financial needs
- Be certain in finding a Financial Advisor or Planner in Mumbai with our credible selection criteria
- Browse 40 verified and vetted financial advisors and planners serving Mumbai
Financial Advisors in Mumbai, Maharashtra
Mumbai offers access to qualified financial advisors and wealth planners who understand the local investment landscape, economic conditions, and financial planning needs of Mumbai residents. Whether you're seeking retirement planning, investment advisory, tax optimization, or comprehensive wealth management, our platform connects you with vetted professionals including SEBI-registered RIAs, certified financial planners (CFPs), and fee-only advisors serving Mumbai and surrounding areas.
Why Choose Local Advisors?
Mumbai-based financial advisors offer the advantage of understanding local market conditions, regional economic trends, and the specific financial challenges faced by residents. They can provide face-to-face consultations and have established relationships with local tax professionals, estate attorneys, and other specialists.
Local expertise combined with national investment knowledge creates comprehensive planning tailored to Mumbai's unique environment.
Advisor Types in Mumbai
Mumbai's advisory landscape includes fee-only planners who charge transparent fees, commission-based advisors, and hybrid models. SEBI-registered RIAs operate under fiduciary duty to act in your best interest, while certified financial planners (CFPs) have completed rigorous education and ethical requirements.
Understanding advisor compensation models and credentials helps you choose the right professional for your financial situation.
Common Questions About Financial Advisors in Mumbai
How do I find a good financial advisor in Mumbai?
Start by browsing verified listings of financial advisors serving Mumbai. Check their SEBI RIA registration status, review their credentials (CFP, CFA, CWM), read client testimonials, and verify their specializations match your needs. You can also use RiaFin's Get Matched service to receive personalized recommendations from advisors in Mumbai who fit your specific requirements.
What should I ask a financial advisor in Mumbai during the first meeting?
Ask about their fee structure (fee-only, commission-based, or hybrid), SEBI RIA registration, professional certifications, years of experience serving Mumbai clients, their investment philosophy, typical client profile, and how they communicate with clients. Also inquire about their specializations and whether they have experience with situations similar to yours.
Are there fee-only financial advisors in Mumbai?
Yes, Mumbai has fee-only financial advisors who are SEBI-registered RIAs. These advisors charge transparent fees (flat fees, hourly rates, or percentage of assets under management) and do not receive commissions from product sales. This structure ensures they operate under fiduciary duty and provide unbiased advice. Use filters to find fee-only advisors specifically serving Mumbai.
How much does a financial advisor cost in Mumbai?
Financial advisor fees in Mumbai vary based on service model and advisor type. Fee-only planners typically charge ₹5,000-₹25,000 for one-time comprehensive plans, 0.5%-1.5% annually for ongoing asset management, or ₹2,000-₹10,000 per hour for consultations. Corporate advisory firms may start at ₹25,000-₹50,000 for comprehensive services. Always request fee disclosure upfront and ensure transparency.
What services do Mumbai financial advisors typically offer?
Mumbai financial advisors offer comprehensive services including retirement planning, investment portfolio management, tax optimization strategies, insurance planning, education funding, estate planning coordination, business succession planning, and goal-based financial planning. Some advisors specialize in specific areas like equity compensation for professionals or wealth preservation for business families.
Ready to Find Your Mumbai Advisor?
Browse our complete directory of 40 financial advisors serving Mumbai below. Each profile includes credentials, specializations, fee structures, and client reviews to help you make an informed decision. You can also get matched with advisors who specifically fit your financial goals and situation.
All advisors in our Mumbai listings have been verified for SEBI registration, professional credentials, and ethical standards.
Need Financial Advice in Mumbai?
Here is our List of the Best 40 Mumbai Financial Advisors and Planners
Financial Advisory in Mumbai
Mumbai, India's undisputed financial capital, hosts the nation's most mature advisory ecosystem with the highest concentration of SEBI-registered RIAs, wealth management firms, and financial planning professionals.
Local Economy & Wealth Creation
Home to the Bombay Stock Exchange, major banks, insurance companies, and corporate headquarters, Mumbai's economy revolves around financial services, capital markets, and high-value business transactions.
Typical Investor Profile
Mumbai investors demonstrate high financial literacy, active equity market participation, and preference for sophisticated portfolio strategies. They expect advisors with deep capital markets knowledge and experience managing substantial wealth.
Key Advisory Trends in Mumbai
- Highest adoption of fee-only advisory models
- Strong equity culture and direct stock investments
- Premium wealth management for HNIs and UHNIs
- Active financial planning community with regular industry events
💡 What to Look For in Mumbai Advisors
Mumbai advisors often specialize in portfolio management services (PMS), concentrated stock position strategies, business exit planning, and tax-efficient wealth structuring.
🏙️ Metro Advantage: As a major metropolitan center, Mumbai offers access to India's most experienced financial advisors, specialized services for complex wealth scenarios, and a competitive marketplace ensuring quality and innovation. Browse our Mumbai advisor listings to find professionals matching your specific wealth level, planning needs, and service preferences.
How do I Find the Best Financial Advisor and Planner in Mumbai?
When you're searching for a wealth adviser or a financial planner in Mumbai, you may be wondering where to begin your search. More often than not, most people often ask "how do I find a good financial advisor and planner in Mumbai?". Locating a good financial advisor and planner can be challenging, but it's not hard.
Here is how to find a good financial advisor and planner in Mumbai:
- Wealth Adviser Referrals: The traditional way of finding a financial advisor and planner is through personal and professional referrals.
- Wealth Adviser or Financial Planner Association Websites: You can often locate financial advsiors and planners through various association websites.
- Using a Service Like ours - RiaFin: RiaFin helps you narrow down your search for a financial advisor and planner in Mumbai you can trust.
Even with the use of referrals and association websites, all the hard work is still going to come from your end. This means you'll have to interview and research the shortlisted financial advisors and planners in Mumbai to ensure they're the best fit for your needs. However, there is an easier way to find a financial advisor and planner: using RiaFin's Advisor Listings helps you mitigate most of the hard work. We provide curated list of best, trusted and reputable financial advisors and planners in Mumbai you can hold in high regard.
What to Consider When Choosing a Certified Financial Planner or a Registered Investment Adviser in Mumbai?
Before you begin the process of choosing a financial adviser and planner in Mumbai, you want to be sure the advisor you choose is right for you. All of our financial planners in Mumbai are highly rated and carry a proven success rate. However, you may want a wealth advisor who specialises in an area that's custom-tailored to your goals.
Every financial planner or wealth adviser on RiaFin carries a wealth of experience and expertise. However, each financial advisor and planner will likely have their own area of expertise — an aspect that they're best suited for. If your goals are long-term, short-term, high-risk, or low-risk, you want to be sure the wealth advisor you're choosing is best for you.
RiaFin helps you cut out the research phase of this stage by providing you with financial advisors and planners with their listed specialties. Simply look at the wealth adviser's profile for the "best for" section to find a financial advisor and planner that matches your needs.
If you are looking for a financial advsior and planner in Mumbai, here are some key factors to consider:
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Qualifications, Certifications, and Accreditations: Find out what qualifications, certifications, and accreditations do the financial planner has? These do not necessarily make them the best financial advsiors and planners, but at least it sets a baseline of expertise.
- If your chosen financial planner, wealth adviser, or investment advisor is a SEBI RIA then make sure he/she is registered with BASL as it is mandatory. You can verify this be visiting the BASL member check website and by entering financial planner's SEBI RIA no:.
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Also you must find out whether your selected financial planner is an individual financial advisor or a corporate (LLP or Pvt Ltd) financial advisor. Usually, individual financial planners are more keen to provide you a reliable financial planning advice or wealth growth advice as they are fee-only financial planners, however, there are a few fee-only corporate financial planners too. In India, corporate financial advisors can be both RIA and Mutual Fund Distributors, however, they can not provide both services to the same client. Whereas, individual financial advisors can only provide fee-only financial advisory services.
For example - Following are 3 types of financial planners, wealth advisors, or investment advisers in India:- Fee-only Individual & Independent Registered Investment Advisor: e.g. Harsh Roongta
- Fee-only Corporate Registered Investment Advisor: e.g. Suresh Sadagopan - Ladder7 Wealth Planners
- Corporate Wealth Advisory Firm: e.g. Soumya Rajan - Waterfield Financial And Investment Advisors
- Another thing you must make sure is that your chosen financial planner MUST NOT be providing any stock tipping business activities. We do not list any such financial advisors and planners on our website, however, we CAN NOT guarantee if any listed investment advisor is providing such activities.
- Specializations and Type of Clientele: Then, find out if they have any particular specialisation or type of clientele? This can help you determine if they are best suited for your type of situation. For example: Find out if your chosen financial planner specialises in the investment advisory category you are looking for, such as, retirement, children education, tax planning, debt restructuring, etc.
- Communication: Finally, find out what is their communication like? You need to know that you can communicate easily with them and that they will listen to your concerns and answer you questions in a timely manner. Overall, you need to be comfortable with your financial planner as you are usually dealing with some very intimate issues.
More about our financial advisors and planners in Mumbai?
Most of the financial advisors and planners listed by us in Mumbai are licensed, highly reputable, and discoverable through FPSB and SEBI RIA registrations. When we choose which financial advisor to list for our website consumers, we go through a strict process of research that includes looking into the wealth advisor's success rate, track record, specialties, and more. Whatever your situation may be, we're confident that you will have no problem finding a financial advsior and planner that fits your needs and can get the financial planning job done at a great success for you eventually growing your wealth.