the private wealth issue

Private wealth….the wealth of private clients. The term ‘private client’ implies there is something private about them. The term has become synonymous with ‘high net worth’ investors. They are different from ‘individual or retail investors’ who may need help with making financial decisions. They are also different from institutional investors, which are sophisticated but may

InCred Wealth

InCred Wealth is part of the InCred financial services platform that aims to leverage technology and data-science to ease many pain-points and disrupt many segments. The group founder, Bhupinder Singh, has been an investment banker with Deutsche Bank for more than 15 years. He set up an NBFC, InCred Finance in 2016 with the backing

ICICI Securities Private Wealth

“We are a specialist team. So, in a broad philosophical way if we were to look at, in a bank setup, obviously it’s a far more general approach to doing wealth management versus a Securities Company, who does investments” said Anupam Guha, head of private wealth. As one of two private wealth brands within the

ASK Wealth Advisors

Launched in 2007, ASK Wealth Advisors (ASK WA) was part of the first wave of launches of private wealth firms.  The parent company, ASK Group had started in the early 80s and formed a joint venture with US-based Raymond James in the 90s to offer investment management services through a portfolio management service (PMS) structure.

Alpha Capital

About Alpha Capital is a wealth management and MFO boutique firm set up in xx. The website mentions offices in five locations – Mumbai, Gurgaon, Kolkata, Coimbatore and Siliguri. It does not mention which SEBI license the firm holds. The firm was included in the Asian Private Banker 2020, 2019 and 2018 lists of top

Axis Bank Burgundy Private

While late to the party, Krishnamurthy is upbeat about its progress and future prospects, citing ‘One Axis’ as its USP. Due to its various divisions – securities/investment banking, asset management etc – being under one umbrella and control, he feels Axis Bank is able to offer a much more cohesive service to its affluent and

Cervin Family Office

About Cervin Family Office was founded by Munish Ramdev who is presently the founder & CEO of the company. The firm holds the RIA license from SEBI. The team used to work together at Waterfield Advisers and hence, has experience advising over 70 family offices and UHNV individuals with over USD 3.5 billion in financial

Entrust Family Office

About Established in 2013, the firm helps in providing advice on both investment and non investment activities. Entrust has offices in Bangalore, Delhi, Mumbai, Chennai. Key staff Rajmohan Krishnan- Principal founder & managing director – he has a good knowledge about financial services industry and a great advisory experience. Shashank Khade- Co-founder & director –

Validus Wealth

About Validus Wealth Advisors (India) Private Limited founded by Atul Singh, incorporated on 13 February 2018 as WGC Wealth. LGT, private banking and asset management group owned by the Princely Family of Liechtenstein, acquired a controlling stake in Validus Wealth.  Presence across 9 cities in India. Total employees: 175 (2020), Relationship managers/ advisers: 75 (2019, Asian

Standard Chartered Private Banking

About Standard Chartered Private Banking is a part of the Standard Chartered bank which was founded by the merger of the Standard Bank of British South Africa (founded in 1863) and Chartered Bank of India, Australia and China (Founded in 1853).  Standard Chartered PLC, the ultimate parent company of Standard Chartered Bank, together with its

Karvy Private Wealth

About Karvy Private Wealth is the wealth management division of Karvy Group and was founded in 2010. The headquarters for the company is located in Mumbai with branch offices in 8 other cities across India. The company employees total more than 600+ people. The total assets under management (AUM) are more than 3 billion USDs

Julius Baer Wealth

About Julius Baer Wealth Advisors (India) Private Limited was incorporated on 27 June 2014. JBWA is a 100% subsidiary of Julius Baer Group Ltd. and Julius Baer is a 130-year-old private bank spread across 60 locations worldwide and a public company listed on Swiss Stock Exchange The business was earlier known as Merrill Lynch Wealth

JM Financial

About JM Financial group has had a journey of over four decades and during this time, it has gathered many firsts. It has built its position and has emerged as an integral financial services provider. The company was listed on the Bombay, Ahmedabad and Delhi stock exchanges in the years between 1989-1994, soon after it

ICICI Private Banking

About ICICI Private Banking caters to HNIs to whom it provides investment solutions and services.  As of 2019, the AUM of ICICI Private bank in India was the second highest, i.e., it was $ 30.9 billion ( Source : Asian Private Banker)  They were first in terms of RM count in 2019, the number being

HDFC Private Bank

About In 1994, the Housing Development Finance Corporation founded HDFC Bank as a subsidiary incorporated as HDFC Limited. HDFC Bank Ltd is a listed Indian banking and financial services firm. As of March 2020, HDFC operates through 5416 bank outlets including overseas operations in Bahrain, Hong Kong, Dubai and Kenya. HDFC Bank implements technology for

Deutsche Bank Wealth Management

About Deutsche Bank established its first branch in India in 1980 and currently operates branches in 16 cities. Client centricity: They are structured around the clients that they serve – corporate clients, private clients, and fiduciaries & institutions. Private wealth management develops investment solutions for financially sophisticated ultra-high net worth individuals (UHNWs) and family investment

Credence Family Office

About Founded in 2010 by Mitesh Shah, who is presently the founder and CEO of the company. The firm currently has over INR 5000 crore under them, with over 150 clients. As of 2019, they have 20 relationship managers onshore (Source). Assets under management is $0.7 billion as of 2019 (Source) Their diverse range of

Client Associates

About Founded in May 2002 by some senior private bankers, Client Associates (CA) is a “multi family office firm” to provide a professional platform of private wealth management services in India. The company operates out of six offices at Gurgaon, Mumbai, Bengaluru, Kolkata, Chennai and Hyderabad. Over 19 years of its journey CA has grown

Barclays Private Clients

About Barclays started operating in India in 1979 and the private clients services began in 2008. The organisation with global presence across the world operates across 5 major cities in India. As per research data from 2019, the total AUM for Barclays Private Clients, India is 9.2 billion USDs. As per a report published in

Avendus Wealth Management

About Founded in 1999 by Ranu Vohra, Kaushal Aggarwal and Gaurav Deepak of Coolstartups, the firm morphed into Avendus, a technology focused investment bank in 2000. It is now owned by KKR (a global Private Equity buyout specialist) following the purchase of a majority stake estimated to be USD 115 million in 2015. Avendus Capital

Anand Rathi Private Wealth

About Founded by Anand Rathi and Pradeep Gupta in 1994, Anand Rathi Financial Services Ltd is an unlisted public Indian financial services group. Anand Rathi operates in 350 locations across India and has an international presence in Dubai, Hong Kong and New York. Private wealth management services are primarily offered by Anand Rathi through its

Sanctum Wealth Management

About Sanctum Wealth Management Pvt Ltd was founded in 2016 through a management buy-out of the Royal Bank of Scotland’s (RBS) Private Banking business in India. Present ownership: privately held. Current size statistics – Total employees: >100 (2021) Link  Relationship managers/ advisers: 40 (2019, Asian Private Banker) Assets under management: USD1.3 billion (2019, Asian Private

Edelweiss Private Wealth

  Established in 2010, Edelweiss Private Wealth was a step behind some of its counterparts which started in 2007. But it has made up for lost ground by growing faster than almost all its competitors. At an AUA figure of USD 15 billion, it’s among the top three in the industry. In 2020, private equity

Centrum Wealth Management

Founded in 1997, Centrum had grown to be a respected financial services group, with diversified fee businesses and a rapidly growing lending platform for institutions and individuals. About five years ago, Jaspal Bindra joined the group as executive chairman and investor, bringing with him decades of experience having built the Standard Chartered Bank in Asia.

Waterfield Advisors

Pioneering family office advisory Launched in 2011, Waterfield Advisors was neither the first multi-family office, nor was it the first to operate on a fee-based investment advisory business model. However, it appears it was the first to combine the two concepts and scale it to the largest true multi-family office in the country. Until then,

Motilal Oswal Private Wealth

“Every firm has a core branding in the minds of its customers. And at Motilal Oswal, we have been known for our equity progress and equity expertise that we’ve built over years” says Ashish Shanker, head of Motilal Oswal Private Wealth.  Launched in 2007 alongside many of its peers, the private wealth firm has built

IIFL Wealth

About IIFL Wealth was co-founded by Karan Bhagat, Yatin Shah and Amit Shah in 2008. Amit Shah no longer works with the organization. Amit Shah LinkedIn Mention investment by private equity and then listing? The company has presence in 5 countries and 27 office locations. The headquarters for the same is located in Mumbai. The

Ambit Private Wealth

About Ambit Wealth Management Private Limited is a private limited company incorporated on 13 September 2007. It is classified as non-govt company and is registered at Registrar of Companies, Mumbai. The Ambit group provides financial advice and capital to enable clients across institutions, corporates, high networth individuals, self-employed individuals and small & medium enterprises, achieve

Kotak Wealth Management

About Kotak Mahindra Bank Ltd is an Indian banking and financial services group composed of 19 subsidiaries. The financial services of the bank have a reach across 1600 cities in India with international operations in Singapore, London, the USA, and the Middle East.  Advisory and asset management services were introduced by Kotak Mahindra Bank Ltd