India, Feb. 6 -- Sharan Hegde's financial edtech platform, The 1% Club, has secured A Registered Investment Advisor (RIA) licence from the Securities and Exchange Board of India (SEBI). With this, The 1% Club has become one of the first finfluencer-led platforms to secure SEBI's RIA license.

In an Instagram post last night, Sharan Hegde explained that an RIA license will give him and his team the right to give investment advice and financial planning services to clients. He added that the startup is managing Rs.750 Cr in assets under advisory (AUA).

"It's official!! We got SEBI-registered as a RIA (Registered Investment Advisor) last year, the holy grail license to give financial advice allowing us to currently manage Rs.750 Crore+ in a...