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PRIVATE WEALTH DESKS
Nitin Raheja on why next 6 months will separate good portfolios from great onesSenior fund managers anticipate an uncomfortable six months for India's market, with near-term choppiness expected due to FPI selling and a...
Goldman Sachs posts higher profit on strength in dealmaking, equities tradingGoldman Sachs posted a rise in first-quarter profit on Monday, as the Wall Street bank benefited from strength in dealmaking and equities t...
HNIs pumps Rs 74,000 crore into Indian real estate via AIFs in FY25; Warehousing leads: Ramandeep Sassi of Welspun OneIndia's wealthy investors are increasingly favoring Alternative Investment Funds (AIFs) over direct property ownership, channeling over ₹74...
From warehousing to digital assets - how wealthy Indians are reimagining real estateWealthy Indians are refining their real estate strategies, favoring risk-managed, cash flow-focused investments. Residential development vi...
IIFL Securities to foray into wealth managementIIFL Securities' market capitalisation stood at ₹6,073 crore on Tuesday. In comparison, wealth management companies such as 360 One WAM, Nu...
Sanctum Wealth appoints Jyoti Roy as head of equity researchWealth management platform Sanctum Wealth has announced the appointment of Jyoti Roy as its head of equity research, said a statement issue...
Walmart-backed PhonePe set to acquire WealthDesk, OpenQ for $75 millionPhonePe, which had also applied for a mutual fund license with the Securities and Exchange Board of India (Sebi) last December, will acquir...
Walmart buys way into India wealth management to take on AmazonPhonePe will buy WealthDesk for about $50 million and OpenQ for nearly $25 million, two sources directly aware of the matter said on Tuesda...
How US banks are dipping their toes in the crypto waterA slew of big banks began offering wealth management clients exposure to crypto in 2021, with Morgan Stanley leading the pack. CNBC reporte...
Abu Dhabi wealth fund cuts jobs in effort to save $272 mn in costsADIA, which manages capital on behalf of the oil rich Abu Dhabi government, has focused on trimming its bloated management team, cutting ex...
Edelweiss Alternate assets head Hemant Daga resignsDaga, one of the senior most officials at Edelweiss, is understood to have setting up his-won asset management firm. Daga earlier headed Pr...
Goldman to offer investments in bitcoin for wealth management clientsFirms including Tesla Inc, BNY Mellon Corp and Square Inc have recently announced they are betting on bitcoin, as the wider adoption of the...
Asia's billionaires develop taste for boutique wealth managersThe trend is getting a foothold in Asia at a time when the overall individual wealth is expanding.
Ultra HNIs are directly investing in startupsInstead of funnelling money through private equity funds, many are parking money in unlisted firms.
Wealth management is the new buzzword in financial services sectorThis is making wealth management the most sought-after profession within the financial services sector where a top banker managing an activ...
BillDesk to raise $200 million at $1 billion valueillDesk plans to explore inorganic growth as consolidation is likely to play out in the emerging online payment gateway sector.
UK Tribunal ruling on UBS brings rich Indians under lensThe tribunal ruling has deepened suspicions of sharp practices that wealthy Indians and local business houses often indulge in.