According to the Asia-Pacific 2016 Wealth Report by New World Wealth, India is ranked among the top five Asia Pacific countries in terms of the number of High Net Worth Individuals (HNWIs).

French novelist, critic, and essayist, Marcel Proust once quoted “The voyage of discovery consists not in seeking new landscapes, but in having new eyes”. I believe this to be amazingly relevant in describing the Consulting Industry....

Wealth Management is basically an investment advice or assistance to manage a person’s financial life. These services are offered to clients in packages to provide benefits with two main goals, growth and safety of their existing investment.

India's homegrown wealth managers are hiring more staff and expanding in smaller cities, seeking to attract rising numbers of newly minted millionaires as high costs and regulatory restrictions drive some global rivals to scale down.

Comprehensive Wealth Management (CWM), as a prominent feature of the financial and investment advisory business is quite a recent trend. In the past it remained in a more simple form of investment advisory.

A successful start-up must show discipline and processes maturity that guides expense allocations not only to meet today’s priorities but also to start allocating for tomorrows needs.

Life Insurance Corporation of India (LIC) since its formation in 1956 has played a vital role in insuring lives till then. Apart from mere risk cover, LIC encouraged investors to consider investments through its conventional plans.

The story of David and Goliath no longer holds true in an Idea Economy where a well-executed and disruptive idea creates an equitable platform for anyone to win.

Wealth management industry in India is still in a very nascent stage. The industry is slowly and gradually moving from a one size fits all models to a more customized offering.

Changes in regulation and the market environment have brought about many new trends. It is important to take a stock of them and ensure timely strategic intervention.