Finance After investors' complaints, Sebi plans split of investment advisor, distributor roles Updated : January 16, 2020 03:31 PM IST Further, it has proposed that IA should clearly declare to the client that it will not seek any power of attorney from its clients for auto implementation of investment advice. Sebi has proposed two mechanisms under which an investment adviser can charge fees -- Assets Under Advice (AUA) mechanism of fees and fixed fees. IAs should provide a document to the client detailing the terms and conditions of the investment advisory services offered to the client. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.