Siliconindia Magazine

Cover Story

Si Brand of the Year 2014

This is an exiting era for Indian wealth management industry, as it is emerging as unique global investment destination due to demography, democracy & demand coupled with the hovering 6-9 percent GDP growth rate. Moreover, India is estimated to become third largest global economy by 2030. The ensuing result is an encouraging rapid increase in per capita income and HNWI (High Net Worth Individual) population in India. However, a huge share of the HNWI pie is being consumed by foreign banks and big distribution houses, while independent financial advisors and small & medium advisory firms, who are equally capable of managing wealth of HWNIs and MWNIs are left high and dry. This is predominantly due to their lack of staff, system adaptability, regular training and proper marketing; in...