Wealth management and the banking sector often overlap at certain aspects. While the wealth management industryhas set a strong foothold in the financial marketplace around the world, not all advisors can tender clients the same specialized services as those offered by private banking. The banking sector at the same time restricts itself to provide all products and services to its client’srequirements under one enclose. To resolve this issuevsr investment services (India) was incorporated. The firm came into existence, to bring in all the products and services under one umbrella. “We thought of extending the products and services to our clients through starting our own wealth management firm by having an access to several other products based on client’s requirements, where we could fit in,”saysSweekruth S Hegde andRakeshNagaraju, Director’s ,VSR investment services.
Established in 2011, the Bangalore based company was founded by a team of like-minded people coming from the banking sector.With the motto of providing all services and products in one umbrella, the team introduced the organization to cater it to High Net Worth, NRI’s and Retail Investors. While financial service is a sensitive segment to deal with, the firm struggled to build trust among its clients pertaining to their services and the entire business model. “We slowly shaped the trust factor to build our brand and then began convincing clients and succeeded,” addsSweekruth S Hegde.
VSR’s core businessis financial planning of its clients. The firmdeals with all financial products such as insurance, taxation, investment planning, deployment solution, cash planning, NRI services and more. The services and products guide clients in the right directionin investments as well as the future planning.
While several well established businesses doubt their sustainability due to new established firms, VSR helps its clients to sustain in this particular industry by sidelining those challenges by providing service and availability through offered products
While several well established businesses doubt their sustainability due to new established firms, VSR helps its clients to sustain in this particular industry by side lining those challenges by providing service and availability through offered products.
The firm manages high profile clients in companies such as Oracle, IBM, Bosch, CISCO, Logicoy, Qwik cilver, Samsung, Central Silk Boardand many more. “We as an upcoming wealth management firm, based on the specialties in terms of India, we comfort the customers to deal with the financial products,” adds Sweekruth S Hegde.The company has been doing well in the market since its inception. Having been nominated as one of the upcoming wealth management firm and second highest SIP dominated wealth forum in Bangalore the firm currently has more than 1000 clients.
The firm which follows its core values to render services to its clients has its presence in Bangalore as its headquarters and Shimoga as an upcountry branch. The VSR team is keenly looking forward to expand its branches in the state in next 3-4 years. The company isalso working on NRI services, and expanding its services through Online ServiceManagement. The firm hasmanagedto rope in clients from various countries such as Dubai, Singapore, Qatar, U.S. and Nigeria. The firm has started diverting clients from regular investments avenues to earn online purchase and shares. To help several individuals understand what financial planning is, the venturetook an initiative to organizeseveral investment awareness programs and set a strong foothold in the wealth management sector.