BEST WEALTH MANAGER – INDIA DOMESTIC
IIFL WEALTH & ASSET MANAGEMENT
IIFL Wealth & Asset Management, buoyed its unique operating model and India’s recent economic fortunes over the past year, had an outstanding 2016, achieving positive growth across key financial metrics.
With 22 offices across eight countries and multiple Indian cities, the domestic wealth manager has amassed US$15 billion in assets under advice, distribution and custody, and continues to build a formidable army of relationship managers, cherry-picking from top-tier foreign private banks in India.
IIFL Wealth & Asset Management’s wholly-owned non banking finance company (NBFC) has also allowed it to consistently deliver a deep shelf of innovative in-house products, portfolio customisation and wealth structuring services to India’s wealthy individuals and families.
“Product innovation has been a strong driving force at IIFL Wealth & Asset Management, and We have the expertise to manage multiple asset classes,” says Amit Shah, co-founder and executive director, IIFL Wealth & Asset Management. “As the leading wealth management company in India, we have positioned ourselves to participate in a larger share of the client’s wallet by offering family office, estate planning and offshore advisory.”
IIFL Wealth & Asset Management’s employee ownership model, whereby employees are offered a 25% stake in the firm, has engendered high employee retention rates in an industry well known for its shortage of quality talent.
Furthermore, IIFL Wealth & Asset Management has rolled out an impressive dossier of digital initiatives to keep pace with the evolving needs of high net worth individuals and emerging entrepreneurs in India, offering services to clients across a range of channels, including mobile and social media, and employing advanced analytics and cloud-based computing.
IIFL Wealth & Asset Management is Asian Private Banker’s Best Wealth Manager – India Domestic for 2016.