Wealth Management Consultants May-June | Global Consultants Review Magazine

Cover Story

15 Most Promising Wealth Management Consultants

India's Wealth Management industry never had, in actual terms, a fairytale story to drive home, until quite recently. It was largely fragmented, over-reliant on its out-of-date financial instruments. Even the mutual funds, first introduced in India in 1961, got the real boost only after 1998. With liberalization and regulatory laws relaxed in 1992, the industry slowly indicated its emergence to regularly create new and more organized wealth management players. Wealth Managers grabbed whatever opportunities were present for taking and whenever they presented themselves. According to a report, India - The Future of HNWIs to 2015: Bourgeoning Wealth and Wealth Management Opportunities:-India currently has the fourth-highest number of HNWIs in the Asia-Pacific region, after Japan, China and Australia. As of 2011, there were 251,000...

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