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Top 20 Wealth Management Companies in India in 2022

Top 20 Wealth Management Companies in India in 2022

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Top 20 Wealth Management Companies in India in 2022

The top-ranking wealth or asset management companies in India provide services such as financial investment, management, risk-bearing advisory, etc., to business entities. In India, most public and private sector banks as well as independent financial institutions provide such services to businesses. Though, some of these Wealth Management Companies in India also go beyond and offer financial solutions for personal and family wealth management.

You will need a company that is competent with their detailed research and has enough experience to give the right advice to you and knows how to best handle your money.

Hiring a Wealth Management Service Provider for Your Business/Organisation

A wealth and/or asset management company is one that makes an investment of the funds it has received from its clients into securities that are in line with the actual financial objectives of the company itself. With an asset management company, an individual investor has more diverse options than he or she would have otherwise been able to avail himself.

There are many wealth management service provider companies in India. Wealth management as a category has come a long way to see itself grow in an organized manner. As a person looking for a reliable wealth management company for himself or a business, there are a few things to take care of before making a final decision.

  • Investment offerings and services
  • Manage investments efficiently
  • Scope for a customized investment approach
  • Provide comprehensive financial advice
  • Transparent methodologies

A firm whose business is based on wealth management is more likely to have highly specialized experience. They then provide their expert resources to you, so you can understand and analyze your specific wealth management-related needs.

Also, read these articles:

Top 20 Banks in India 

Top 20 CA Firms in India 

Top 20 Companies in India By Market Capitalisation 

Here, we’re going to share with you a few well-known and reliable wealth management companies in India.

List of 20 Best Wealth Management Firms to Hire for Your Business in India

The below-given list (sorted in alphabetical order) includes names of twenty best-selling brands across India.

1. Aditya Birla Finance Limited

Aditya Birla Finance Limited Logo

Aditya Birla Finance Limited (ABFL) is a subsidiary of Aditya Birla Capital Limited (ABCL), a holding company for the financial services businesses of the Aditya Birla Group. ABFL is one of the leading well-diversified non-bank financial companies in India. The company is registered with the RBI as a systemically important non-deposit-accepting non-banking finance company (NBFC). It is amongst the top five largest private diversified NBFCs in India based on AUM.

ABFL caters to the varied needs of a diverse set of customers ranging across retail, HNI, ultra HNI, micro-enterprises, SMEs, and mid and large corporates. The company offers end-to-end lending, financing, and wealth management solutions to a diversified range of customers across the country. It also offers customised solutions in areas of personal finance, mortgage finance, SME finance, corporate finance, wealth management, debt capital markets, and loan syndication.

The services and solutions offered by ABFL include

  • Corporate Finance
  • Mortgage Finance
  • Personal Finance
  • Wealth Management
  • Loans

2. Anand Rathi Wealth

Anand Rathi Wealth Logo

Anand Rathi Financial Services Limited operates as a financial services firm in India having over 25 years of financial expertise. Mr. Anand Rathi and Mr. Pradip Kumar Gupta founded the Anand Rathi group in 1994. The company entered the capital market lending business in 2019. Their corporate office is located in Mumbai.

The Company offers services that include stock broking, wealth management, investment banking, commodities broking, construction finance, capital market lending, and distribution services to its clients amongst others. The company also trades in equity, commodity, currency, mutual funds, and derivatives markets.

The primary services of Anand Rathi Wealth company include

  • Investment Services
  • Insurance Broking
  • Investment Banking
  • Institutional Equities
  • Global Investing
  • Private Wealth

3. Avendus Capital Pvt. Ltd.

Avendus Capital Pvt. Ltd. Logo

Avendus is a financial services firm that offers bespoke solutions in asset management, credit solutions, investment banking, and wealth management to its business clients. The firm provides customized solutions in the area of financial services to high-performing entrepreneurs and pioneers of the new-age economy.

The company is based in Mumbai and currently has operations in eleven cities across India, Europe, and the USA. Avendus Capital Incorporation and Avendus Capital (UK) Private Limited, located in New York and London, respectively, are subsidiaries wholly owned by Avendus Capital Pvt. Ltd., India.

The services offered by Avendus Capital Pvt Ltd include

  • Wealth Management
  • Asset Management
  • Credit Solutions
  • Investment Banking

4. BNP Paribas Wealth Management

BNP Paribas Wealth Management Logo

BNP Paribas Wealth Management firm has been delivering tailor-made experience, with outstanding attention to detail along with precise, local knowledge backed by the global know-how of a worldwide banking group. The company has a presence in various countries across the United States, Europe, Africa, the Middle East, and Asia.

The private bank’s goal is to provide its clients with the best wealth management experience and help its clients plan the future of both their wealth and values and create connections to empower in finance and beyond. It caters to entrepreneurs, individuals that are looking to manage their family’s wealth, ultra-high-net-worth individuals seeking to make a difference, and professionals.

The services and solutions that are offered by BNP Paribas Wealth Management firm to its clients include

  • Financial Advisory
  • Investment Banking
  • Wealth Management
  • Asset Management

5. Bajaj Capital

Bajaj Capital Logo

Bajaj Capital is one of the leading Indian companies in the organized sector to offer Wealth Management services with a wide spectrum of financial products to its clients. The company has won the trust of over a million individual investor clients, including hundreds of High Net-worth Investors, NRIs, and members of business-owning families. The firm offers its services as a personal financial consultant to several families that have been investing through the company for many generations now.

Bajaj Capital La Premier is an exclusive Wealth Management Service group. It is a specialized group of professionals providing exclusive and world-class services to an affluent group of very special clients, both individual and institutional. The company observes rigorous quality principles and professional integrity, and at the same time, it ensures that its services are delivered to clients.

The services and solutions that are offered by Bajaj Capital include

  • Investment Banking
  • AMC for Investments
  • Insurance
  • Wealth Management

6. DBS Treasures

DBS Treasures Logo

DBS Treasures is a wealth management division of DBS Bank India Limited. It helps its clients achieve both their short-term and long-term financial objectives through a range of financial products and services. The company caters to domestic and offshore clients across India, Mainland China, Hong Kong, Indonesia, Singapore, and Taiwan.

The company delivers specialized wealth management services to its clients with an adequate amount of planning, research, and the right set of wealth products. It follows a scientific approach to its wealth management process.

The services and solutions offered by DBS Treasures include

  • Mutual Funds
  • Alternate Investment Funds (AIF)
  • Portfolio Management Services (PMS)
  • Insurance Solutions
  • Mortgage Solutions
  • Wealth Management

7. Edelweiss Wealth Management

Edelweiss Wealth Management Logo

Edelweiss Wealth Management (EWM) is an India-based leading wealth management solution provider with a presence across wealth and investment management, institutional securities, and custodial and advisory services. EWM is a business in partnership between Pacific Alliance Group (PAG) and Nuvama Group, with PAG holding a majority stake in PWM. PAG is one of the world’s largest Asia-focused private investment firms with assets under its management.

Edelweiss offers a wide range of corporate financings like project funding and working capital loans, besides advisory services on structuring and syndicating loans from the market to access a quantum of capital required to grow a business.

The services and solutions offered by Edelweiss Wealth Management (EWM) company include

  • Investment Management (Capital Markets, Real Estate, Commodities, Currencies and Alternatives, Family Governance, and Wealth Structuring)
  • Asset Protection and Asset Transfer Strategies
  • Risk Management
  • Investment Banking
  • Financing
  • Insurance Advisory

8. First Global Securities Pvt Ltd

First Global Securities Pvt Ltd Logo

First Global is a leading wealth management company based in Mumbai. The firm has been in the investing business for over three decades and its clients include investors of all sizes. The company is regulated by the Financial Conduct Authority (FCA), UK, Securities & Exchange Commission (SEC), US, Securities & Exchange Board of India (SEBI), India, and Cayman Islands Monetary Authority (CIMA).

The company caters to High Net Worth Individuals (HNI), corporate executives, promoters- founders of listed/unlisted companies, and self-employed professionals/business persons.

The services and solutions that are offered by First Global include

  • In-house and Third-Party Portfolio Management Services (PMS)
  • Mutual Funds
  • Venture Capital Funds
  • Asset Management
  • Wealth Management

9. Franklin Templeton Asset Management India Pvt Ltd

Franklin Templeton Asset Management India Pvt Ltd Image

Franklin Templeton company’s association with India dates back over two decades as an investor. As part of the group’s major thrust on investing in markets around the world, the India office was set up in 1996 as Templeton Asset Management India Private Limited. This put an end to the mutual fund business with the launch of Templeton India Growth Fund in September 1996, and the business has grown at a steady pace since then.

The firm has been delivering exceptional asset management services for institutional, retail, and high-net-worth clients. It currently has a presence in over 25 countries around the world. Franklin Templeton Asset Management India Pvt Ltd operates as an investment management company. The company provides investment advice, asset management, securities, portfolio valuation, funds, and financial planning services to its clients.

The services and solutions offered by Franklin Templeton India Pvt Ltd company include

  • Investment Advisory
  • Mutual Funds
  • Asset Management
  • Wealth Management

10. HDFC Bank Wealth

HDFC Bank Wealth Logo

HDFC Bank Wealth offers a range of financial investment products that aim to successfully adapt to the ever-evolving economic landscape while providing customized solutions to create and manage wealth for its clients. It is a division of HDFC Bank, a private-sector bank in India. Its tailor-made solutions are backed by regular inputs from the in-house research team which consists of skilled professionals including Research Analysts, Relations Managers, and Product Specialists, and augmented further by periodic analysis of its client’s investments.

HDFC Bank Wealth firm offers Wealth Management solutions that are customized to meet the financial needs of High Net Worth and Ultra High Net Worth individuals, groups and establishments and to partner their wealth ambitions. It has a coverage of 53 Hub and 149 Spoke locations across the country.

The services and solutions provided by HDFC Bank Wealth include

  • Financial Advisory
  • Premium Banking Programmes
  • Wealth Management
  • Insurance
  • Mutual Funds

11. IIFL Wealth Management Limited

IIFL Wealth Management Limited Logo

IIFL Wealth is one of the fastest-growing private wealth management firms in India. The company serves the highly specialized and sophisticated needs of high-net-worth and ultra-high-net-worth individuals, affluent families, family offices, and institutional clients through a comprehensive range of tailored wealth management solutions.

IIFL Wealth & Asset Management is backed by leading global financial institutions including private equity firms General Atlantic, Fairfax, and Capital Group. The group and its wholly-owned subsidiaries straddle the complete wealth and asset management space with offerings ranging from wealth management, asset management, credit solutions, and corporate finance.

The services and solutions offered by IIFL Wealth include

  • IIFL-ONE
  • Investment Products
  • Lending Solutions
  • Estate Planning

12. Kotak Investment Advisors Limited

Kotak Investment Advisors Limited Logo

Kotak Investment Advisors Ltd (KIAL) is a wholly owned subsidiary of Kotak Mahindra Bank Ltd, one of India’s leading banking and financial services groups. KIAL undertakes wealth management, advisory, and asset management services that are offered to UHNI and HNI. Kotak Investment Advisor Ltd (KIAL) is a licensed Registered Investment Advisor with the Securities and Exchange Board of India (SEBI). 

The services offered by Kotak Investment Advisors Ltd include

  • Investment Services
  • Wealth Planning
  • Lending
  • Asset Management
  • Wealth Management
  • Financial Advisory

13. L&T Financial Services Private Wealth

L&T Financial Services Private Wealth Logo

L&T Financial Services provides Wealth Management strategies that help clients identify opportunities tailored to every requirement and long-term aspirations for growth. Their robust execution capability and strong, customer-focused approach ensure that their clients are always in control.

The services and solutions offered by L&T Financial Services to its clients include

  • Wealth Management
  • Alternate Investments
  • Risk Management
  • Lending
  • Estate Planning, Trust & Wills

14. Morgan Stanley

Morgan Stanley Logo

Morgan Stanley has been operating in India for over two decades, providing a variety of services to domestic and international clients. The firm has a premier institutional securities platform in India. It offers a range of services such as investment banking, capital markets, equities, fixed income, commodities, and derivative products, as well as research. Morgan Stanley has also been an active investor in Indian Infrastructure, Real Estate, and Private Equity projects over the last several years.

In 2003, Morgan Stanley established a new Global In-House Centre in Mumbai to support the firm’s Institutional Securities, Wealth Management, and Investment Management businesses worldwide. The center houses Technology, Operations, Finance, Legal and Compliance, Human Resources, Internal Audit, Corporate Services, Fund Services, Prime Brokerage, and other specialized functions. The company is located across three sites in Goregaon, Mumbai, and Bengaluru.

A few services and solutions that are offered by Morgan Stanley to its clients include

  • Investment Banking and Capital Markets
  • Wealth Management
  • Investment Management
  • Sales & Trading

15. Motilal Oswal Private Wealth

Motilal Oswal Private Wealth Logo

Motilal Oswal Private Wealth (MOPW) is a part of Motilal Oswal Group, an Indian brand that is trusted for knowledge-based investing with a proven performance track record of over three decades. The company mainly caters to Corporates/Institutions, High Net Worth, and Ultra High Net Worth Individuals. The company’s head office is located in Mumbai, and it has branches in several cities across India.

The company uses knowledge to identify the right mix of Fund Managers across asset classes to ensure its clients have a winning portfolio. Its relationship managers are empowered with the science and art of investing. In addition, clients can also experience new insights and ideas on wealth creation through their exclusive knowledge events.

MOPW offers its clients a range of wealth management services and solutions which include

  • Institutional Research
  • Asset Management
  • Wealth Management
  • Equity Commodity Currency Trading
  • Investment Banking
  • Capital Market Lending
  • Private Equity
  • Home Finance

16. Muthoot FinCorp Ltd.

Muthoot FinCorp Ltd. Logo

Muthoot FinCorp Ltd is a subsidiary of Muthoot Pappachan Group, also popularly known as Muthoot Blue Group. Muthoot is India’s leading Gold Loan and Investment provider. The company was founded by Mr. Pappachan Muthoot, and thus, named after him. Muthoot FinCorp Ltd is the flagship company of Muthoot Pappachan Group having branches across India.

Prior to offering wealth management services, Muthoot FinCorp assesses the needs and investment goals of its clients as well as market conditions and projections in order to create the required plan.

The services and solutions provided by Muthoot FinCorp Ltd company include

  • Insurance
  • Mutual Funds
  • Equity Investments
  • Forex
  • Money Transfer
  • Loans
  • Wealth Management

17. SBI Capital Markets

SBI Capital Markets Logo

State Bank of India is the country’s premier public sector bank. The SBI Capital Markets is a subsidiary of the bank that provides its client’s investment banking and corporate advisory services. Its Financial Advisory Services cover various services such as Project Advisory and Structured Financing, Capital Markets, Mergers & Acquisitions, Private Equity, and Stressed Assets Resolution.

SBI Capital Markets Limited (SBICAP) is registered with SEBI as a category I Merchant Banker and a Research Analyst. SBICAP is one of the oldest investment banks in India. SBICAP provides credible, professional, customer-focused, world-class investment banking services to its clients.

The services provided by SBI Capital Markets include

  • Corporate Financial Advisory
  • Investment Banking
  • Wealth Management
  • Asset Management

18. Sanctum Wealth Private Limited

Sanctum Wealth Private Limited Logo

Sanctum Wealth is a privately-owned wealth management company based in Mumbai. It also has a subsidiary, Sanctum Wealth Advisors Private Limited in Mumbai. Sanctum is led by some of the most experienced people in the Indian private wealth management sector. With diverse backgrounds and extensive knowledge of markets and opportunities, the company helps steer the organization and its response to a dynamic market and a fast-changing world, always looking for ways to create value for its clients.

The company facilitates the implementation of solutions and structures through its subsidiary company, Sanctum Wealth Advisors Private Limited, which employs its in-house team of experts as well as a carefully identified set of technology partners to ensure a comprehensive solution to clients.

The services and solutions that are offered to clients by Sanctum Wealth company include

  • Investment Products
  • Portfolio Solutions
  • Wealth Planning
  • Real Estate

19. Tata Capital Limited

Tata Capital Limited Logo

Tata Capital Limited, a subsidiary of Tata Sons Limited, is a reliable financier helping Indians realize their financial aspirations. The company extends a wide gamut of bespoke Investment, Protection, and Financing Services that fit the needs and objectives of individuals and businesses. Its experienced Wealth Managers and Investment Product Specialists are equipped with research-driven market insights and their services are readily available..

Tata Capital Limited offers a wide spectrum of well-researched and tailor-made investment, financial, and protection products to both Indian and NRI clients through leveraging quality financial guidance and the expertise of seasoned experts.

The services and solutions offered by Tata Capital Limited include

  • Mortgage Loans
  • Loans
  • Credit Cards
  • Life Insurance
  • Wealth Management
  • Investment Banking
  • Private Equity

20. Waterfield Advisors

Waterfield Advisors Logo

Waterfield Advisors is India’s leading independent Multi-Family Office and Wealth Advisory Firm that provide services to the UHNI community without any conflict of interest. The firm was established in 2011, and has since, advised on assets worth billions on behalf of several prominent Indian business families. The firm has seven offices in cities like Mumbai, Goa, Bengaluru, Chennai, Kochi, Hyderabad, and Noida.

Waterfield Advisors was set up as India’s first pure financial advisory company taking on established banks and financial institutions that considered distribution as a norm in wealth management. It was one of the first boutique financial services firms in the country to introduce and pioneer the concept of investment advisory in wealth management.

The services offered by Waterfield Advisors mainly include

  • Personal Wealth Management
  • Family Wealth Management

Wrapping Up

The range of services provided by wealth management companies is extremely important because your financial needs are bound to change over the course of time. Be it individual or business-related, your wealth management company should have the experience and agility to move fast and adapt to the demands of changing times, as managing your personal or business wealth is always about long-term strategies and security.

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