Indian Wealth Management

Introduction to the Industry

Indian wealth management industry has been into the growth in the recent times. Out of 8% population of the country who holds more than 45% of wealth, popularly known as High Net-Worth Individuals (HNIs), only, 20% of those take the advice of any wealth management company for managing the assets.

Due to constant increase in the number of HNIs the need and demand for Asset Management Companies (AMCs) have also risen. This have opened up the opportunities for investment and also accelerated and maintained the flow of money in the economy. Management of assets is not limited to physical or financial assets but it has also extended over,

Tax planning does not refers to ax evasion, it is the planning of investment of income or wealth in such a way that the tax payable to the government in minimum. It helps the individual for reducing the tax burden and motivates them to invest more.

It is very important for the people engaged in regular investments and having more than one source of income. This is most crucial part for investors and that has to be maintained or taken care of the wealth management organization properly.

Before going to any wealth management firm this is the clarification an investor needs to make to the organization.

Meet short term and long term financial goals.

From buying a car to buying a house, wealth planning is the most important factor is requirement of money over the period of time. In other words, money for education of child, purchasing of car, buying a house etc.

For each and every sort of needs with different time frame requires the proper amount of planning and execution for success.

Rome wasn’t built in a day.

Creation of wealth takes a lot of time and patience. It takes over a period of time for money to get convert into wealth. It all starts with a small investment and then regularly investing at right time in the right scheme or script and moreover manage it so that it gets nurture and proper direction so that it could be fruitful in the future.

Retirement planning

Talking about the future planning retirement is faced by all and everyone needs to plan in advance that what they are going to do for the future that is, the source of income on regular basis, emergency finds, health related funds etc.

Wealth management helps in proper classification of all such activities and helps the people to relax in present while their wealth are being managed for future.

Tier 1 cities have already accepted the age of managing the assets that is seeking expertise advice in order to distribute their wealth and rising awareness in tier 2 and tier 3 cities. However, there are lot many less number participating in it. On the contrary with the increase in number of financial products and services there would be also be rise in the investors and people consulting the asset management.

The scope of the wealth management industry is quite wide and it has also opened up the cells for employment and knowledge simultaneous to the increase in the circulation of the money in the economy as well as the rise in systematic and long term investment. This will lead to growth in market capitalization that will ultimately have an impact on the growth of the economy.

Hence, the study of the market and the industry will give a better view and knowledge and moreover it would enhance the customer’s demands and needs.

Introduction to Wealth First Portfolio Managers Limited

"To device a set of strategies and methodologies that makes investment simpler, logical, scientific, predictable and more profitable activity.”

"To provide the best possible financial service to the clients that help us to serve them better and that fulfils their investment goal."

Wealth First as an Organization

Wealth-First Portfolio Managers Ltd. was originally incorporated on 16th April, 2002 with the name DSFS Securities and Broking Pvt. Ltd. Further the name was change to Wealth-First Portfolio Managers Pvt. Ltd On 14th May, 2003 and was converted into a public limited company on 30th September 2015.

Wealth first is amongst only 73 SEBI Registered portfolio Managers / Advisors who ensures about 100% confidentiality for the clients. It has been established since last 16 years in Western part of the country with better and deeper knowledge of the financial market, Indian economy and mindset of the clients. They have been selling mutual funds since last 11 years and selling G-Sec since‟92. They have been having perpetual standing relationships with capital market intermediaries like …

• Investment banks and research houses
• Mutual Funds
• Nationalized and Private Banks

They are managing various classes of clients including leading domestic and MNC corporate, Individuals, HNIs, Provident Funds, Trusts and Housing Societies. They always believe in Systems and Process. They have been using them to provide complete execution support at each step of whole investment process.

True knowledge sharing and transparency are the key aspects of the company. Educate the clients give understandings to the clients on each and every aspect of the products by knowing big and small requirements of the clients. Always tries to bring new generation initiatives / researched inventions (Custom Tailored) to meet their clients‟ objectives, as they emerge. They always try to adjust themselves as a friend / guide / philosopher depending on which of these roles particular client wants them in. Always try to give 100% to the clients to make their wealth.

They never agitate in saying “NO‟ to the clients though it could be their loss, in other word; they like to manage 100% transparency level. They always do the same things that they believe and say. They always like to be disciplined and consistent. They always try to be an active advisor to their clientele.