Raghunandan M AlavaniFixed Fee Financial Planner & SEBI Registered Investment Adviser
Fixed-fee financial planning.
Simple portfolios. Peace of mind.
Unbiased, clutter-free, fixed-fee financial planning for investors who want simple portfolios, thoughtful risk-taking, disciplined asset allocation, and the peace of mind that comes from having a clear plan.
Book an introductory callInvestment in securities market are subject to market risks. Read all the related documents carefully before investing.
All financial success comes from acting on a plan. A lot of financial failure comes from reacting to the market.
All of us would be better investors if we just made fewer decisions.
You will be much more in control, if you realize how much you are not in control.
As the Danish philosopher Søren Kierkegaard noted, life can only be understood backwards — but it must be lived forwards.
01 — INTRODUCTION
A fee-only adviser who works only for you
I am a SEBI Registered Investment Adviser (RIA) and fixed-fee financial planner based in Pune. Technology gives me the freedom to serve clients across locations, while remaining personally accessible and committed to their financial goals.
I do not earn commissions, incentives, or referral fees from mutual fund companies, insurance companies, brokers, or any other product manufacturers or distributors. My only source of compensation is the fee paid by my clients. I do not sell investment or insurance products, chase market predictions, or make heroic forecasts.
My role is to help investors make sensible financial decisions through clear planning, thoughtful risk management, disciplined asset allocation, and simple financial products.
I believe financial plans should be simple enough to follow, robust enough to withstand uncertainty, and practical enough to be maintained over decades.
02 — APPROACH
Financial planning that is simple, understandable and useful
A good financial plan is not a collection of products. It is a practical framework for better decisions about spending, saving, protecting, and investing under uncertainty.
Asset allocation is the key to good financial planning
Before discussing products, I determine an appropriate level of risk and design an allocation that is realistic, sustainable, and aligned with your goals. Product selection comes later and remains subordinate to it.
Education-based advice
Not only recommendations — you'll understand the principles behind your plan and the role of each part of your portfolio.
Passive & index-oriented investing
Low costs, fewer unnecessary decisions, and no turning investing into a forecasting exercise.
Defensive-passive mindset
Plans that survive unfavourable outcomes rather than depend on favourable ones.
No needless complexity
Know what you own, why you own it, and what role it plays. Complexity weakens discipline.
What clients should expect
- Thoughtful onboarding to understand goals, circumstances, and suitability.
- In-depth discussion of risk profile, financial behaviour, and constraints.
- Asset-allocation-led planning before implementation.
- Simple, practical, explainable recommendations.
- Calm reviews focused on progress, not market noise.
Who may not be a good fit
- Those seeking market predictions or return maximisation above all.
- Those wanting highly complex portfolios or frequent tactical changes.
- Those seeking trading ideas, speculative products, or product distribution.
- Those not interested in the reasoning behind recommendations.
How an engagement works
- Introductory conversation to understand suitability and explain how I work.
- Client agreement, onboarding, KYC and risk profiling.
- Collection and review of financial information, goals, and existing investments.
- Planning discussions on priorities, trade-offs, and asset allocation.
- Presentation of a clear, practical, implementable financial plan.
- Ongoing support and periodic reviews as required.
03 — FEES
Fixed-Fee Financial Planning
The fixed-fee model avoids many of the conflicts in commission-based and AUA-based models, keeping the focus on suitability and simplicity.
Initial Financial Planning Engagement
Annual Review / Renewal Engagement
04 — ABOUT ME
- ACA
- ACMA
- NISM X-A & X-B
I am a native of Pune — popularly known as the Cultural Capital of India and the Oxford of the East. I qualified as a Chartered Accountant (ICAI) as well as a Cost and Management Accountant (ICMAI). I initially worked with different CA firms for shorter durations, then joined HDFC Ltd in 2000 and worked there for the next 23 years.
I left my corporate job at the age of 50 to start my independent practice. While this decision carries inherent risks, the trade-off is well worth it: complete autonomy, the freedom to work at my own pace, and dedicated time to research and craft solutions that genuinely enhance my clients' financial well-being.
My portfolio was highly concentrated due to employer ESOPs. Rational and personalised asset allocation was the need of the hour. This is when I sought unbiased, fee-only professional advice for my own financial planning — and came to appreciate both the value of and the expectations from this profession: genuinely customised, cost-effective, conflict-free advice, closely regulated by BSE (BASL) and SEBI. Working with Swapnil Kendhe (SEBI RIA) on my comprehensive financial planning provided me with invaluable insights. His expertise helped bring total clarity to my long-term financial goals and strategy.
I was introduced to the profession of fixed-fee financial planners and SEBI RIAs through the research-based blogs on Freefincal, founded by Mr M Pattabhiraman.
I cleared the NISM Series X-A and X-B certifications and subsequently received my registration as a SEBI RIA in June 2026.
Geography should never be a barrier to good financial advice. I can serve and support my clients wherever they are.
05 — REGULATORY
SEBI Disclosures
Registration
- Registered name
- Raghunandan Madhukar Alavani
- Type
- Individual Investment Adviser
- SEBI Reg. No.
- INA000022738
- Validity
- From 04 June 2026
- BASL ID
- 2530
- Address
- Office No. 403, Ashayog, Plot No. 51, Behind S P College, Tilak Road, Pune – 411030, Maharashtra
- Phone / Email
- +91 98810 62112 / raghualavani@gmail.com
Corresponding SEBI office
Securities and Exchange Board of India, SEBI Bhavan, Plot No. C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400051. Tel: +91-22-26449000 / 40459000 · Toll-free: 1800 266 7575 / 1800 22 7575 · Email: sebi@sebi.gov.in
| Designation | Name | Phone | |
|---|---|---|---|
| Principal Officer | Raghunandan Madhukar Alavani | +91 98810 62112 | raghualavani@gmail.com |
| Compliance Officer | Raghunandan Madhukar Alavani | +91 98810 62112 | raghualavani@gmail.com |
| Grievance Officer | Raghunandan Madhukar Alavani | +91 98810 62112 | raghualavani@gmail.com |
Grievance redressal & escalation
- Email the Grievance Officer at raghualavani@gmail.com. Complaints are resolved within 21 calendar days.
- If unresolved, lodge a complaint on SEBI SCORES: scores.sebi.gov.in (or the SCORES mobile app).
- If still unresolved, use the Online Dispute Resolution portal: smartodr.in.
Complaints data — updated by the 7th of every month
For the month ending [Month YYYY]:
| Sr. | Received from | Pending end of last month | Received | Resolved* | Total pending# | Pending > 3 months | Avg. resolution time^ |
|---|---|---|---|---|---|---|---|
| 1 | Directly from investors | 0 | 0 | 0 | 0 | 0 | 0 |
| 2 | SEBI (SCORES) | 0 | 0 | 0 | 0 | 0 | 0 |
| 3 | Other sources | 0 | 0 | 0 | 0 | 0 | 0 |
| Grand total | 0 | 0 | 0 | 0 | 0 | 0 |
Add monthly trend (current FY) and annual trend (last 5 years) tables in the same format. *Includes complaints of previous months resolved this month. #Includes complaints pending on the last day of the month. ^Total days taken to resolve each complaint this month ÷ complaints resolved this month.
Investor Charter for Investment Advisers
Reproduce SEBI's Investor Charter for IAs verbatim here.
Vision: To follow highest standards of ethics and compliances while working for the best interest of investors.
Mission: To render the best possible advice to investors considering their goals and risk appetite, and to ensure confidentiality of their information.
Do's: Deal only with SEBI-registered IAs; verify the registration number; pay fees only via banking channels and keep receipts; read the agreement; ask for your risk profile and the rationale for advice. Don'ts: Don't pay in cash; don't deal with unregistered advisers; don't fall for assured-return promises; don't share login credentials or hand over funds or securities.
MITC & other disclosures
- Advice only — I do not execute transactions or accept funds or securities on behalf of clients.
- No guaranteed returns, no assured-return schemes, no risk-free claims.
- No consideration from any product issuer; no distribution or referral relationship.
- Use of AI tools: [State usage, or "No AI tools are used in providing investment advice."]
- Annual compliance audit: first audit due for FY 2026-27 (registered from 04 June 2026).
- Investment Advisory Agreement / MITC (PDF) · Privacy Policy · Terms of Use
06 — CONTACT
Start with a conversation
The introductory call is to understand whether we are a good fit and to explain how I work. No product will be recommended or sold.
RMA Wealth, Office No. 403, Ashayog, Plot No. 51, Behind S P College, Tilak Road, Pune – 411030, Maharashtra · Get directions