Anand Rathi Wealth Services Unlisted Shares
1) They are one of the leading non-bank wealth management services firms in India that caters to a large spectrum of clients through a mix of advisory, distribution, and technology solutions. They are one of the few wealth management companies in India that cater to clients across mass affluent, HNI as well as the Ultra HNIs through various solutions ranging from personal service to technology and Robo-advisory.
They carry out their business through three business verticals, namely;
a) Private Wealth Management (“PWM”)-
They provide wealth management solutions to their clients which include facilitating client investments in various financial instruments including but not limited to, mutual funds, debentures, structured products, and equity derivatives for the purpose of investment strategies. PWM vertical caters to the Ultra HNI and HNI segments of the clientele. The revenue-generating activities include distribution of mutual funds, sale of financial products, and investment advisory fees.
b) Digital Wealth Management (“DWM”)
The DWM vertical allows them to build an economically feasible wealth management model for services to the mass affluent market.
c) Omni Financial Advisors (“OFA”).
OFA is India’s leading tech platform for IFAs to service their clients and grow their business.
2) They are part of the Anand Rathi Group, founded by Mr. Anand Rathi and Mr. Pradeep Gupta in the year 1994 with a focus on stock-broking services and subsequently, has expanded into a diversified financial services conglomerate in the country with a presence in segments, including non-banking financial services, wealth management, stockbroking, investment banking, and insurance broking. The Anand Rathi Group has expanded its geographical footprint and operates through 98 offices across India and the Middle East, which they service through business associates and representative offices/associate companies.
3) The Asset under administration (AuA) of the company has jumped from.15,489 crores to Rs.18,121 crore between the end of FY18 and FY19. The number of wealth strategists has increased from 199 in the previous year to 234 at the end of last year.
No comments:
Post a Comment