When you pay for something, you are naturally cautious about what you are buying. However, when it comes to something offered for free, there is a risk of throwing all caution to the wind. Free investment advice may be one such area.

Recently, the Securities and Exchange Board of India (SEBI) banned all SEBI registered investment advisors (RIAs) from giving any such free trials towards investment advice. It has mandated RIAs to offer advice only after they undertake complete personalized risk profiling of the clients.

Read the full article published originally on Financial Express: How free investment advice can ruin you