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Mint: Growth in wealth management services

Mint reports on the growing number of Money Managers providing wealth management services; here are some statistics:

  • There are ~ 83000 Indian millionaires, according to a 2006 report on Asia Pacific wealth by Merrill Lynch-Cap Gemini.
  • Client Associates, a boutique wealth management firms, has 250 clients in Mumbai, Delhi and Bangalore.
  • Verdant advises senior corporate executives, professionals and mid-sized entrepreneurs with an ability to invest at least Rs 1 crore.
  • Elite has about 178 clients, including NRIs, in several states.

A nice summary of the PMS/WMS landscape in India.

This entry was posted on Tuesday, May 8th, 2007 at 12:13 pm and is filed under entrepreneurs, portfolio-management. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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