New Delhi Investment：Indian Financial Advisory Market Growth, Top Players
The financial advisory segment has seen rapid growth in India owing to an expanding middle-class population, rising disposable incomes, and a greater focus on comprehensive financial planning. In this article, we shall explore the behaviour of the Indian financial advisory space, its size in market dimensions, and the major players operating within it, apart from commenting on a few money-making openings.
As per the report, Global Financial Advisory Report: Ken Research defines that Indian Financial Advisory Market size India is expected to record a massive INR 5809 crore by FY’2025, driven by increasing penetration of IFAs in the asset management industry and due to rapid expansion of the Distribution Networks in Tier II Cities like Mutual Fund Distributors Country Growing Indian IFA Opportunities for Banks In an Evolving Retail Fund Distribution Network Development — The Trading BlogNew Delhi Investment. The high growth path substantiates India’s growing need for qualified financial advisory services.
Read about some of the key trends in 2019 for this booming Finance Industry. If you would like to Find out more about Fintech Market Outlook: KSA, then click here.
There are various factors which have resulted in the growth of the financial advisory market in India:
Growing Awareness: With booming finance literacy, everyone is aware of his or her need to manage by calculating wealth properly and investment planning that both individual and business owners have contributed.Ahmedabad Investment
Positive Demographics: A burgeoning middle class in India, combined with increasing income per capita, sows the seed for more financial advisory services.
Regulatory Reforms: Cognisant of the inherent challenges, regulatory bodies such as SEBI have taken prudent initiatives to address key issues by promoting transparency and investor protection, which has deepened trust among consumers regarding financial advisory.
The Indian financial advisory market has pros and cons for industry players.
Skewed Demand: The huge unmet or unserved yet growing a significant majority of the population are not exposed to financial advisory services. Thus, they offer an immense growth opportunity because they need advice.
: Digital technologies, such as robo-advisory platforms and mobile apps, can widen the scope of delivery and make processes more efficient.
The Rise of New Asset Classes: With the growth in new asset classes (stocks, mutual funds and bonds), such as virtual currencies or alternative investments, clients seek advisory services particularly oriented to these types.
Complying with Regulations: The regulatory landscape can be arduous and difficult for financial advisory firms to navigate.Mumbai Stock Exchange
Hiring a Talent: The biggest task for an organization is to hire and maintain the advisors who have high potential in Financial planning.
: Considering we are all digital, the fear of Client Data, Trust & Maintaining security is high.
With the rapidly changing landscape of the Indian financial advisory market, major industry players have no choice but to be nimble-footed and more adaptive and open-minded as they focus on a client-centric approach, which could help them tap into multi-fold opportunities with hundreds of thousands of untapped clients.
Numerous big companies are ruling the Indian financial advisory market and offering numerous services to domestic investors. The following are just a few of the largest companies:IIFL Wealth Management Ltd.Aditya Birla MoneyBajaj CapitalEdelweiss Finance Services Ltd.Anand Rathi Wealth ManagementMotilal Oswal Financial Services Ltd.
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With their end-to-end service, these financial advisory firms provide world-class ideas and insights in investment planning and portfolio management along with tax advice, wills & estate planning or even retirement plan to individuals/families as well a different segments of Business.
The financial advisory services industry in India is a very wide spectrum of businesses that cater to the varied investment needs.
Services One of the core services that a financial advisory firm provides are as follows:-
Investment Planning: Creating customized investment strategies that are consistent with their risk tolerance, goals and time frames.
Portfolio management: Efficiently managing and monitoring investment portfolios to maximize returns while reducing risks.
Tax Planning: Helping clients with tax-efficient investment strategies and ensuring adherence to laws.
Estate Planning: Clients navigate through the maze of a sense in planning for their future generations, Which would include Succession planning, transfer and inheritance management.
Retirement Planning: Creating detailed retirement plans that ensure complete financial security post the golden years.
Corporate Advisory: Advising companies on mergers and acquisitions, fundraising and other strategic planning.
In a nutshell, India´s financial advisory industry seems to have an exciting future ahead of it, with the support coming from a magic combination of demographics, regulatory changes and a growing need for professional guidance in managing money. Top firms offer such services, and the market is set to expand further, providing growth opportunities for incumbents as well as new entrants. Yet managing the complexities associated with regulation, talent, and security will be key to continued success in this fast-moving space.Udabur Stock
Surat Wealth Management
