What is Wealth Management

Wealth Management

Wealth Management as a concept originated in the 1990's in the US. Essentially it is investment advisory covering financial planning that provides individuals with private banking / asset management / taxation advisory and portfolio management. Out of the above mentioned services, portfolio management is generic and most other services are highly customized.

Client segmentation basically includes Individual Retail, HNIs (High Net worth Individuals and UHNIs (Ultra High Net worth Individuals).

The services include portfolio management and rebalancing, Investment management and strategies, Financing tax advisory and estate planning. In terms of products it includes stocks and stock trading; equity linked and structured savings products, mutual funds and alternative investments.

Why do people opt for Wealth management Solutions?

Until the early 1990's the investment was restricted largely to real estate, bonds, fixed income and gold. The opening up of the equity markets has caught the imagination of the masses, while further development and transparency have created a surge in the user base. Financial products were thus developed around equity.

Equity related products are highly volatile and react to events within and outside its domain. The need to have a specialist to manage the wealth was felt and this created the concept of Wealth managers

So who are Wealth Managers?

Wealth managers are essentially individuals who are trained in the aspects of financial planning. This enables them to address the needs of the individual by combining his individual ability with the product and market knowledge of his firm.

Does technology play a part?

Wealth managers are becoming increasingly aware of the potential of the online (platform) with the overall structure of their advisory offerings .i.e. with access to a platform which can complement their strength of advisory. However there are as yet few wealth management firms & platforms which are fully harnessing the inherent potential of the internet as a medium for meeting client's demands.

Wealth Management tools and online solutions can extend and provide a complimentary solution to the current structure of global wealth management (traditional practices)

So what does the online wealth management solution bring to the table?

Our Solution has been built for the investor hence keeping in view his needs. This itself is a big differential as most other online solutions are customized to the needs of the wealth management firm. From a users point of view this means that migrating from one firm to the other does not affect the way the tools tend to handle his portfolio.

• Flexibility of managing wealth via the internet or mobile.
• Neutral Portfolio valuation
• Performance evaluation via the internet and mobile
• Ability to sync existing portfolios and applications
• Hands free and micro-management free approach
• Cue based system for involvement only based on alerts

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