Did you know how many Indians were there in the Forbes top 100 billionaire’s 2014 real time ranking list? There were 4 names including those of Mukesh Ambani, Dilip Sanghvi, Laxmi Mittal and Azim Premji in the top 100.In fact, Ambani presently holds the 27th position in the list which means that he has also made it to the top 50 billionaires globally.
We all know that gaining wealth is tough but after accumulating such wealth the toughest job is to maintain it. As the value of money will only decrease it is important to invest wisely. For maintaining your wealth and increase it with time, it is necessary that proper investments are made by the professional wealth services. This is how people with appropriate investment can reap profits while increasing their bank balance. It is important to note that the professionals can provide all the information you require for increasing your wealth over a period of time.
India has the fastest rate of minting millionaires, which makes it a perfect place for wealth managers. It is true that the in the past billionaires were reluctant to take professional help, but now with the young generation of billionaires, the concept is getting a warm welcome. In fact, in a research conducted by Indian rating agency Crisil, it is said that the 62,000 households of India, with an income of 5 million dollars will reach 219,000 by 2015.
Basically, a family office or a single family office is a private company that helps wealthy families in managing their assets and investments. A U.S. based research firm, Cerulli Associates have managed assets worth $3 trillion and more worldwide. It has also stated that international banks and institutions like UBS, Morgan Stanley, Bank of America Merrill Lynch have assets worth $350 billion.
However, in India, Wealth management organizations are at its nascent stage and it has been predicted that by 2015 there will be more than 940 offices. Previously, the old billionaires were not comfortable sharing information with anyone about family wealth. This trend has led a lot of them starting their own offices rather than going to private banks or wealth management service providers. Azim Premji, (Chairman of Wipro India’s third largest IT Company) has an in-house family office, PremjiInvest, worth $1 Billion of personal wealth.
The concept of family offices in india holds huge potential, however, till now only 20% of it has been penetrated according to Markets and Markets, a full market research company and consulting firm. Therefore, if you’re searching for such services, it is worth doing some research. The smart way is to go online and look for leading wealth management service providers. You’ll find a range of websites that provide such services. You can then select one as per your requirements. It is best to contact professional wealth management companies for quality services. Contact them now!
We all know that gaining wealth is tough but after accumulating such wealth the toughest job is to maintain it. As the value of money will only decrease it is important to invest wisely. For maintaining your wealth and increase it with time, it is necessary that proper investments are made by the professional wealth services. This is how people with appropriate investment can reap profits while increasing their bank balance. It is important to note that the professionals can provide all the information you require for increasing your wealth over a period of time.
India has the fastest rate of minting millionaires, which makes it a perfect place for wealth managers. It is true that the in the past billionaires were reluctant to take professional help, but now with the young generation of billionaires, the concept is getting a warm welcome. In fact, in a research conducted by Indian rating agency Crisil, it is said that the 62,000 households of India, with an income of 5 million dollars will reach 219,000 by 2015.
Basically, a family office or a single family office is a private company that helps wealthy families in managing their assets and investments. A U.S. based research firm, Cerulli Associates have managed assets worth $3 trillion and more worldwide. It has also stated that international banks and institutions like UBS, Morgan Stanley, Bank of America Merrill Lynch have assets worth $350 billion.
However, in India, Wealth management organizations are at its nascent stage and it has been predicted that by 2015 there will be more than 940 offices. Previously, the old billionaires were not comfortable sharing information with anyone about family wealth. This trend has led a lot of them starting their own offices rather than going to private banks or wealth management service providers. Azim Premji, (Chairman of Wipro India’s third largest IT Company) has an in-house family office, PremjiInvest, worth $1 Billion of personal wealth.
The concept of family offices in india holds huge potential, however, till now only 20% of it has been penetrated according to Markets and Markets, a full market research company and consulting firm. Therefore, if you’re searching for such services, it is worth doing some research. The smart way is to go online and look for leading wealth management service providers. You’ll find a range of websites that provide such services. You can then select one as per your requirements. It is best to contact professional wealth management companies for quality services. Contact them now!
