Deepshikha Singh, Managing Editor
H.L. Mencken once wrote, “It is mutual trust, even more than mutual interest that holds human association together.” Mencken’s words stand apt for wealth management advisors. In order to maintain a successful relationship with the customers, trust is definitely one of the most essential factors. Although wealth management industry is in its young stage, the industry is gaining more and more popularity with an increasing number of Indians joining the millionaires club. The boom in the economy and the resultant increase in the income levels is a favouring factor with the increase in the number of millionaires.
Still in its early days, India’s wealth management services sector is largely fragmented, which isn’t surprising. However, the boom in the Indian wealth management industry is primarily driven by banks and select wealth management entities who have utilised the opportunities driven by a bullish market sentiment aided by mega shifts in savings patterns and maturing of the Indian investor. This has also led to more and more customers expressing requirements for investment products around different risk categorisations balanced with suitable advices.
Undoubtedly, wealth management industry is expected to grow at 10-15 per cent over the next five years. Looking for an excess of $3 trillion of personal investible wealth by 2022, as the Indian economy is poised to clock high single-digit growth rates, Wealth Management industry is definitely packed with opportunities. Ensuring end-to-end customer service, numerous Wealth Management Consultants have stepped ahead to bridge the gaps within the industry. Raising a toast to such innovative consultants in this sector and for all the Wealth Management Consultants out there, we at Consultants Review magazine have put together a list of ‘10 Most Promising Wealth Management Consultants - 2020’. A carefully curated list, it includes consultants who help businesses make their mark in the budding industry, thus making them the topnotch players of their realm. I hope this feature helps you in your future endeavors and we achieve our mission.
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