wealth management by gladiators
TRANSCRIPT
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By
ANAND KHARADI (1212)
UMESH MAKWANA (1213)
GAURANG DESAI (1228)
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` Meaning
` Major players in Indian market
` Wealth management process
` Core elements in wealth management` Services rendered under wealth management
` Advantages of wealth management
` Limitations of wealth management
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A type of financial service that combines personal
investments, tax planning strategies, estate planning and
legal counsel.
It is designed to provide a broad array of services
within the confines of one office.
"Wealth Management is an all inclusive set of
strategies that
aims to grow, manage, protect and distribute assets ina much planned ,systematic and integrated manner. "
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1.Axis Bank2.Citi Bank3.HDFC Bank
4.ICICI Bank5.Kotak Mahindra Bank6.State Bank of India7.NBFCs
- Religare-Future Capital Holdings (FCH)-Reliance Money
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a) Advisory
Wealth mangers role is limited to the extent of
providing guidance on investment / financial
planning and tax advisory, based on client profile.
Investment decisions are solely taken by the client,
as per his/her own judgment.
b) Investment Processing (transaction oriented)
Client engages wealth manager to executespecific transaction or set of transactions.
Investment planning, decision and further
management remain vested with the client.
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c) Custody, Safekeeping and Asset Servicing
Client is responsible for investment planning,
decision and execution. Wealth manager is entrusted
with management, administration and oversight ofinvestment process.
d) End-to-end Investment Lifecycle Management
Wealth manager owns the whole gamut of investment
planning, decision, execution and management,
on behalf of the client. He is mandated to make
financial planning, implement investment decisions
and manage the investment throughout its life.
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1) Helpful In Tax Planning : The wealth management
professional always shows the good path to the
customers and provide the service of tax
planning. How to minimize the tax and save more
money?
2) Helpful In Selection of Investment
Strategy: Another advantage from the customer
point of view is with the help of WM Professional thecustomer can easily know the investment strategy
and analyze risk and return.
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3) Helpful In Estate Management: With the help of
wealth management professional we can also
manage our estate. Estate management is a task toprovide objective administration of our funds
tailored to aim in responsible distribution and
protection of our overall estate.
4) Helpful in forward looking: We can say planning,
that recognizes as our estate grows and changes
occurs we require some team of professionals who
help us in future planning.
5) Helpful for Indian Economy: Banks which are
engaged in business of WM earning revenues from
the foreign countries i.e. outsourcing for economy
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1. WM Reduces The Scope Of Management:Though we all know that management has
existence at all levels of life and society but the term
wealth management only related with the higher level
means rich people, and is not having any plans and
provisions for poor and lower and middle level of
society.
2. Chances of Fraud:
Another demerit or limitation of the WM concept is
it is not showing the actual position. The customerdoesn't know about the things going on with using his
wealth and there may be chances of forgery and fraud
with customers.
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3. Actual Picture VS Inflation:What is the actual position of
market we don't know because every thing
is done by some WM professionals. So we
can not assume our position in the marketthat also results in inflation because
economy is unknown about the actual
state. There may be chance that the
customers are in risk but they are showingthe false return and vice-versa.
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