Don’t miss the latest developments in business and finance.

Wealth Management

Credit Suisse crisis likely to make rich Indians wary of wealth managers

"In the past 15 years or so, many multinational financial institutions have come and exited Indian markets and the latest incident was making wealthy investors nervous"

Updated On: 21 Mar 2023 | 3:04 PM IST

Are the ultra-rich ready for Singapore after Credit Suisse's collapse?

If it looks like the US is halting its monetary-tightening campaign because disinflation is on the horizon, risk sentiment may start improving

Updated On: 21 Mar 2023 | 10:29 AM IST

Wealth of prosperous Asians to reach $4.7 trillion by 2026: McKinsey report

A McKinsey analysis has revealed that the wealth pool of this group is projected to hit $4.7 trillion by 2026, up from $2.7 trillion in 2021, thanks to the rise in their incomes

Updated On: 24 Feb 2023 | 11:53 AM IST

Emerging markets face risk of policy error amid conflicting priorities

Emerging markets have witnessed an investor exodus this year despite having raised interest rates at an unprecedented pace

Updated On: 05 Dec 2022 | 10:51 PM IST

Inheritance rights of adopted children vary on the basis of religion

Hindu and Christian personal law treat adopted child on a par with natural-born ones

Updated On: 29 Nov 2022 | 6:26 PM IST

Amazon to delist Appario as seller, renews Frontizo JV for 3 years

The development comes at a time when Cloudtail, once the largest seller on Amazon's India marketplace, shut operations on the e-commerce platform as a seller this year amid regulatory pressure

Updated On: 31 Oct 2022 | 11:25 PM IST

LGT Group forays into Indian wealth management space via LGT Wealth India

Majority owned by LGT Group, LGT Wealth India employs more than 200 staff and has a presence in 14 cities across India, including Mumbai, Delhi, Chennai, and Bengaluru, the company said in a statement

Updated On: 21 Oct 2022 | 11:12 PM IST

Broking biz will flourish for those who constantly upgrade: Emkay Global MD

"Maximum returns are seen when small-caps of yesteryear become mid-caps of today and large-caps of tomorrow", says Krishna Kumar Karwa

Updated On: 19 Sep 2022 | 6:10 AM IST

Ring-fence your wealth from creditors by setting up wills and trusts

It is a versatile instrument suited for the wealthy, but it must be drafted carefully

Updated On: 31 Aug 2022 | 12:23 AM IST

State of the Indian economy: Unequal, uneven distribution of wealth

The income gap between states is growing and the pain of inflation is worse for those falling behind

Updated On: 31 Aug 2022 | 6:12 AM IST

NRI investors' interest in India growing: Bank Julius Baer's Rahul Malhotra

'The wealth management market in India is becoming highly competitive with digital disruption and increasing need for personalised client engagement'

Updated On: 08 Aug 2022 | 10:34 PM IST

Wealth management platform Dezerv raises $21mn in series A led by Accel

Dezerv was founded in 2021 by Sandeep Jethwani, Vaibhav Porwal and Sahil Contractor and so far seen more than Rs 800 crore invested through the platform

Updated On: 08 Aug 2022 | 12:59 PM IST

Being clever cannot be a business model: CASHe chairman V Raman Kumar

It's not that we are giving money to everybody. We have to make sure that there's a high propensity to repay, said Kumar

Updated On: 31 Jul 2022 | 6:22 PM IST

Validus Wealth plans to grow AUM five times in next three years

The company has crossed the USD 1-billion mark in three years of operations

Updated On: 22 Dec 2021 | 11:46 PM IST

Evergrande pays back some cash owed to wealth product investors

The distressed developer paid the first 10% installment of wealth management products due September on Thursday, in line with a repayment plan announced earlier

Updated On: 30 Sep 2021 | 3:53 PM IST

Wealth managers must sharpen their game

To truly capitalise on the market opportunity, wealth managers need to focus on quality of advice, innovation in product design and ease of execution

Updated On: 12 Sep 2021 | 10:36 PM IST

Amazon enters India wealth management with bet on startup Smallcase

Smallcase improves digital access to capital markets by offering weighted portfolios of stocks and exchange traded funds.

Updated On: 18 Aug 2021 | 12:09 PM IST

Amid HK turbulence, HSBC buys AXA Singapore for $575 mn to grow Asia wealth

The acquisition will give HSBC the eighth largest life insurer in Singapore, as well as a leading group health insurance firm, with assets of $474 million, according to a statement.

Updated On: 16 Aug 2021 | 4:40 PM IST

HSBC aims to be top Asia wealth manager in 5 yrs, eyes China middle class

The London-based bank has outlined ambitious plans to expand in wealth management, particularly in China.

Updated On: 21 Jun 2021 | 10:44 AM IST

Banking giant HSBC exiting US retail banking to focus on wealth management

HSBC says it is closing its US retail banking business in order to refocus its efforts on wealth management

Updated On: 28 May 2021 | 12:25 PM IST