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India’s boutique wealth managers cannot build scale through banking tie-ups, says IIFL Wealth co-founder

Boutique wealth managers in India that have recently struck partnerships with universal banks to provide their HNW clients with lending services are unlikely to build scale via this strategy, according to IIFL Wealth’s co-founder, Amit Shah, speaking with Asian Private Banker. Shah says there is one “fundamental” reason why such a strategy, which has started to gain popularity among boutique wealth managers…

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