Ankur Kapur
Ankur Kapur
Investment Adviser & Research Analyst
CFA CFP SEBI RIA SEBI RA

22 years of asking the right questions.

I came into financial services curious about markets and businesses. Over two decades that curiosity deepened — through equity research, portfolio construction, financial planning, and working closely with families across every stage of their financial lives.

Along the way I realised that good advice is not just about knowledge. It is about having no reason to be wrong. That led me to fee-only advisory — where the only thing I am paid for is thinking clearly on your behalf.

The CFA and CFP are the credentials. The two decades are the education.

The industry has an incentive problem. I chose not to have one.

When an adviser earns from recommending a product, the recommendation is never fully clean. Not because advisers are dishonest — but because incentives shape judgment in ways even the most careful person cannot always see.

Fee-only means my clients pay me, and only my clients. No commissions, no trail, no conflict. It is a simpler model. It is also the only honest one.

Most investors are more capable than they think.

After years of advisory work, I kept seeing the same pattern: intelligent people making poor financial decisions not because they lacked ability, but because no one had given them a clear framework.

That is what the research and education work is for. The RA subscription gives serious investors access to the same quality of analysis I use in my own work. The courses give anyone a foundation they can actually build on.

Free content — YouTube, Substack, Twitter — is where I think out loud. No paywall, no agenda. Just ideas worth sharing.

There is more to a long-term view than markets.

I think seriously about contemplative practice, long-term thinking, and what it means to make good decisions under uncertainty — questions that turn out to be as relevant in investing as anywhere else.

The life-stage framework I use with clients — Accumulation, Transition, Distribution, Legacy — reflects that broader view. Money is not the end. It is what makes the end possible.

How I Work
01
Financial Advisory
For a small number of families who want a complete, conflict-free view of their financial life. From goal planning to asset allocation, tax efficiency to estate planning.
Who it is for Professionals and business owners who want rigorous, independent advice and are willing to pay directly for it.
How to engage By application. Limited capacity by design.
02
Equity Research
Institutional-quality stock research, model portfolios, and investment frameworks published for subscribers. The same rigour I apply to my own portfolio.
Who it is for Investors who do their own thinking and want serious research as a foundation — not tips, not noise.
How to engage Annual subscription via Substack and Smallcase.
03
Courses
Two self-paced courses: personal finance fundamentals for anyone starting out, and direct equity investing for those ready to go deeper. Built to last, not to trend.
Who it is for Anyone willing to put in the work. No prior knowledge required for personal finance. Basic investing familiarity for equity.
How to engage One-time purchase. Lifetime access.
Credentials
CFA
Chartered Financial Analyst
Awarded by the CFA Institute. The global gold standard in investment analysis and portfolio management.
CFP
Certified Financial Planner
Comprehensive financial planning certification covering investments, insurance, tax, retirement, and estate planning.
RIA
SEBI Registered Investment Adviser
Registered with SEBI as a fee-only investment adviser. Legally and ethically bound to act in client interest at all times.
RA
SEBI Registered Research Analyst
Registered with SEBI to publish equity research and model portfolios. All research is independent, disclosed, and compliant.
What I Believe
Conflict-free advice is not a feature. It is the baseline.
Every recommendation should be made because it is right for the client. Not because of what it pays the adviser. Fee-only is not a premium offering — it is the minimum standard for honest advice.
Long-term thinking is a discipline, not a temperament.
Most investors know they should think long-term. Few have the frameworks to actually do it when markets are moving. The work — in advisory, research, and teaching — is about building that capacity deliberately.
Simplicity on the other side of complexity.
Good financial advice is not complicated. But it requires working through complexity to arrive at clarity. The goal is always a simple, actionable answer — reached through rigorous thinking, not shortcuts.

Start with the
newsletter.

Every week, one idea worth your time — on markets, businesses, personal finance, or the frameworks that make better investors. Free, always. No spam, no noise.