The Foliyo AI directory is a curated shortlist: most advisors who apply are not listed, because every applicant goes through a structured, multi-step evaluation.
See how the process works ↓Every advisor's SEBI RIA registration is verified directly on SEBI's website before any listing decision is made. Foliyo AI confirms not just that a registration number exists, but that it is active and in good standing.
Advisors with lapsed, cancelled, or incomplete registrations are not listed on Foliyo AI, regardless of their experience or other qualifications.
You can verify any listed advisor's registration on SEBI's portal ↗Foliyo AI reviews each advisor's client engagement agreement and fee schedule. Fees must be paid by the client alone, set out in writing before the engagement starts, and within SEBI's limits: ₹1,51,000 a year per family in the fixed-fee mode, or 2.5% of assets under advice in the AUM mode.
An advisor who earns commissions from products, or whose fee terms are unclear, is not listed.
Foliyo AI holds a reference call with 1–2 of the advisor's existing clients. This gives a first-hand view of what it is actually like to work with that advisor, which no self-reported application can replicate.
Reference conversations are used to cross-validate what the advisor describes in the interview against what clients have actually experienced.
Foliyo AI conducts a structured interview with each advisor covering their process, their investment philosophy, and how they handle conflicts of interest. It also explores what their client base looks like and how they structure their practice.
This step is human-led. No automated screening process can substitute for a direct conversation about how an advisor actually operates.
Foliyo AI assesses each advisor's specialisation against the advisor profiles it accepts into the network, so that every client can be matched with someone who works with people like them. The minimum threshold is 5 years of hands-on experience in financial planning, investment management, or a directly related discipline.
Experience is verified through the advisor's professional history and practice. It is not taken on the advisor's own representation.
Passing Foliyo AI's evaluation earns a listing on the platform — it does not guarantee permanence. After an advisor is listed, Foliyo AI monitors client feedback on an ongoing basis.
Advisors who no longer meet the standard that earned them a listing are removed. A listing is meaningful precisely because it can be lost.
The result is that Foliyo AI declines roughly 60% of advisors who apply to join — and of those listed, only those who maintain their standard remain on the platform.
The vetting process establishes a meaningful minimum threshold — an active SEBI registration, a reviewed engagement agreement and fee schedule, a reference call with existing clients, a structured interview, and 5 years of verifiable experience. This is a more substantive evaluation than most advisor directories require. It is not, however, a guarantee of investment performance, future conduct, or client satisfaction with any specific advisor.
Foliyo AI's evaluation is a starting point, not a substitute for your own judgment. Before engaging any advisor from this platform, independently verify their SEBI registration on SEBI's Intermediary Portal, read their client engagement agreement, and ask your own questions about how they work and who they typically serve. The platform provides a vetted shortlist — the final decision is yours.
Every advisor on Foliyo AI operates as an independent professional. Their advice, their client relationships, and their decisions are entirely their own. Foliyo AI does not direct, supervise, or underwrite any advisor's work. Listing on this platform signals that an advisor has passed a structured evaluation at the time of listing — it is not an ongoing audit of every piece of advice they give.
Foliyo is a SEBI-registered Investment Adviser (SEBI RIA Reg. No. INA000023454) and provides fee-only financial planning, portfolio management and advice directly under its own licence. Separately, Foliyo curates and vets a network of partner advisers — independent SEBI-registered RIAs — so clients it cannot serve directly can be introduced to a suitable professional. The vetting described on this page is Foliyo's own evaluation of those partner advisers.
The vetting process described on this page is Foliyo AI's own proprietary evaluation framework and represents the steps taken prior to and following a listing decision. It is not a regulatory process endorsed or mandated by SEBI. The process described here is subject to change.
Listing on Foliyo AI does not constitute an endorsement, recommendation, or guarantee of an advisor's performance, suitability, or conduct after listing. Users are advised to independently verify advisor credentials on the SEBI Intermediary Portal before engaging any advisor.
All investments are subject to market risk. Please read all scheme-related documents carefully.
Yes. Every listed advisor on Foliyo AI has passed all five steps: SEBI registration verification, a review of their engagement agreement and fee schedule, a reference call with 1–2 existing clients, a structured interview, and a specialisation check. Advisors who do not meet the standard at any step are not listed, regardless of their SEBI registration status.
No. Listing on Foliyo AI reflects that an advisor has passed Foliyo AI's proprietary vetting process at the time of listing. It is not a guarantee of investment performance, client satisfaction, or future conduct. Foliyo AI monitors client feedback on an ongoing basis and removes advisors who no longer meet the platform's standards. Users are advised to verify advisor credentials independently on SEBI's Intermediary Portal before engaging any advisor.