When it comes to stock market advisory services, trust is everything. With rising complaints across India’s advisory ecosystem, investors are becoming more cautious, and rightly so.
If you’ve come across Affinity Wealth Management while looking for stock market advisory or trading research services, here’s what the public record shows, and what real users are saying.
This blog is a factual overview to help you make an informed decision before you spend your money.
In this blog, we break down Affinity Wealth Management reviews, its regulatory status, services, and what SEBI actually allows a research analyst (RA) to do, so you can make informed decisions.
Affinity Wealth Management Details
Affinity Wealth Management is a SEBI-registered Research Analyst offering stock market research and trading insights.
Key Details:
- SEBI Registration No.: INH000022914
- BSE Enlistment No.: 6668
- Registration Type: Research Analyst (RA)
- Validity: Aug 22, 2025 -Perpetual
- Contact Person: Samir Kumar
- Location: Janak Puri, Delhi
The firm claims to provide research-backed, unbiased investment recommendations aimed at helping retail investors make informed decisions.
The firm operates through its website, affinitywealthmanagement.org, and has a social media presence on YouTube, Instagram, Telegram, Facebook, and LinkedIn.
It claims 12 years of experience in research and trading services.
According to its official website, the firm focuses on:
- Stock market research and recommendations
- Trading strategies and technical analysis
- Educational courses (technical analysis, trading psychology)
- Risk and money management guidance
It emphasises “no guaranteed returns” and ethical advisory practices, which align with SEBI regulations.
However, it is always advised to independently verify any research analyst’s claims, track record, and compliance history before acting on their recommendations.
What Does SEBI Permit a Research Analyst To Do?
SEBI clearly defines the boundaries within which a Research Analyst must operate; here’s what they are legally allowed to offer their subscribers.
- Provide buy, sell, or hold recommendations on securities based on research and analysis.
- Share research reports and technical analysis with subscribers.
- Charge a flat fee for research services, but only a fixed subscription fee, not profit-sharing arrangements.
- Publish market commentary, sector outlooks, and educational content.
- Maintain a Telegram, WhatsApp, or social media presence for distributing research (subject to SEBI’s intermediary regulations).
- Recommend mutual funds, SIPs, and publicly listed securities that fall within the RA scope.
- Disclose conflicts of interest as required by SEBI’s Research Analyst Regulations, 2014.
What Does SEBI Not Permit a Research Analyst To Do?
Before relying on any market advisory service, it is important to clearly understand the regulatory boundaries set by SEBI.
As per the guidelines, an SEBI-registered RA cannot:
- Guarantee profits, returns, or a specific percentage gain from recommendations.
- Charge fees as a percentage of profit or share in the client’s profits or losses.
- Manage funds or execute trades on behalf of clients, which requires a Portfolio Manager licence from SEBI.
- Offer personalised investment advice tailored to an individual’s financial situation without a separate Investment Adviser registration.
- Mislead investors with fabricated or cherry-picked past performance screenshots.
- Provide recommendations on unlisted securities, commodities, or crypto assets beyond SEBI’s regulatory scope.
- Conduct live trading sessions where the RA makes real-time trades in front of clients as “proof” of performance; this crosses into portfolio management territory.
What Investors Should Keep in Mind?
Being an informed investor is your strongest defence. Here are six critical checks to make before trusting any research analyst with your money.
- Always verify SEBI registration yourself at sebi.gov.in before paying. A valid registration number is the bare minimum, not a guarantee of quality.
- Ask for the fee structure in writing before subscribing. Confirm there is no profit-sharing clause, which would be a regulatory violation.
- SEBI registration does not mean SEBI endorsement. Any service claiming SEBI approval of their recommendations is misrepresenting the truth.
- Check SEBI’s Disciplinary History portal and the SCORES database for any past complaints or actions before committing.
- If you’re asked to move funds into an account managed by the RA, stop immediately; that requires a Portfolio Manager licence, not an RA registration.
- No legitimate SEBI-registered Research Analyst can guarantee profits. Any such promise, verbal or written, is a red flag and a regulatory violation you should report.
How to File a Complaint Against a Research Analyst?
If a user feels dissatisfied or misled by a research analyst service, there are formal steps available:
- Collect Evidence: Maintain all relevant proof such as payment receipts, chat conversations, call records, and trade recommendations. Make sure everything is saved in chronological order, as a clear timeline helps in proving the sequence of events and strengthens your complaint.
- Contact the Analyst: Most regulatory grievance mechanisms require you to first raise the issue with the firm itself. Email Affinity Wealth Management and keep a record of your correspondence. Give them a reasonable window, typically 15–30 days, to respond.
- File a complaint in SCORES: If unresolved, file a complaint on SEBI’s SCORES portal with full documentation. SEBI monitors complaints and typically seeks a response from the intermediary within 21 working days.
- Lodge a Complaint in Smart ODR: If SCORES does not resolve the issue, escalate to SEBI’s Smart ODR portal for structured online dispute resolution. If your dispute involves a monetary claim and the entity is listed on the platform, you can file for conciliation or arbitration. This is particularly useful for fee-related disputes.
- Initiate Stock Market Arbitration: If all prior steps remain unresolved, proceed with arbitration through the stock exchange mechanism as the final legal remedy. Submit all evidence, payment records, trade details, and prior complaint references so the arbitrator can evaluate the case and deliver a binding resolution.
Need Help?
Navigating the complaint process doesn’t have to be overwhelming
If you’ve subscribed to a financial advisory or research service and feel misled, have faced a refund issue, or simply don’t know where to start, we can help you find your footing.
Register with us. Our team assists with case review and documentation, drafting complaint letters, filing on SEBI SCORES, guidance through Smart ODR, and referrals to arbitration support where applicable.
This service is for anyone who has faced financial loss, received unclear or misleading information, or is finding the regulatory complaint process confusing. You shouldn’t have to figure it out alone.
Conclusion
Affinity Wealth Management holds a valid, active SEBI Research Analyst registration (INH000022914) with perpetual validity from August 2025.
The firm has a structured service offering, a maintained website, and a multi-platform social media presence.
No SEBI orders, penalties, or arbitration records were identified or provided in the materials reviewed.
The user reviews available at the time of writing are limited in number but generally positive, with feedback highlighting educational value and practical market examples.
One reviewer’s moderate rating suggests the service may be better suited to steady, long-term approaches rather than high-frequency gains, an important factor to weigh against your own expectations.
As with any financial service provider, the right approach is to verify independently, ask the hard questions upfront, and understand exactly what you’re paying for and what the regulator permits the firm to offer.
An informed investor is always in a better position than a trusting one.
