Individual wealth creation is a long-term process requiring adequate planning, research, and the right set of wealth products. Since everyone has diverse needs and aspirations, you require specialised assistance and advice to manage your wealth. Wealth Management is an investment advisory practice incorporating various financial disciplines, including investor portfolio management and financial planning.
Financial services companies or credentialed specialists such as CFAs, CAs, etc., offer them to small businesses, family-owned enterprises, and high net worth individuals. Their primary goal is to grow the existing wealth in the long run.
Services offered
Whether it is banking needs, quick remittance services, investment products like Fixed Deposits and Mutual Funds, sophisticated solutions like PMS, AIF and structured products, these wealth solutions are unique for each client’s objectives. Banks strive to enrich your experience beyond banking, bringing you exclusive privileges across education, travel, dining, shopping etc.
You access legal services, property management services, tax, and trust planning through reputed partners. To bring you the news that matters, you receive periodic insights covering policy reviews and financial trends across the globe.
Types
You get different services with a Wealth Account opening, including assistance on Mutual Fund Investments, sophisticated wealth solutions, Insurance solutions, remittance, and mortgage solutions. Let us discuss each in detail:
Mutual Fund Investments
You get professional support from investment counsellors and access to more than 260 approved Mutual Fund schemes from 21 leading asset management companies. Through the banking app, you can invest in the desired funds instantly by monitoring them through a consolidated dashboard in real-time.
Sophisticated wealth solutions
Many customers require specialised products to meet their financial goals. Sophisticated wealth solutions also include Structured Products, Portfolio Management, Alternate Investment Funds, Private Equity, and real estate funds. The Wealth Management solutions get customised to suit your long and short-term needs in line with your risk appetite.
Insurance solutions
Protect yourself against unexpected crises with a wide range of Insurance solutions covering health, business, travel, and life. Choose between Term Insurance and traditional policies, unit-linked or Business Insurance products like Keyman Insurance.
Remittance solutions
You get preferential Remittance rates, allowing you to transfer your money abroad seamlessly through the Wealth Account. At zero fees, the paperless remittance facility helps you assist your loved ones when in need and resolve queries through experienced forex specialists.
Mortgage solutions
Under Wealth Management, the bank offers you a variety of Property Loans, including Home Loans, Loans Against Property, and Top-Up Loans. Mortgage specialists guide you through the process and ensure you meet your needs. The tenure may also go up to 25 years.
Conclusion
To ensure wealth protection and growth, the bank follows a scientific approach. Their services depend on three tiers, understand, execute, and review. Track your portfolio and its performance to meet your goals on time.
