Customised human-machine collaborations are perhaps the only answer for serving the wealth management needs of a large population that lives and thrives in India’s numerous towns and villages.
Many investors go into fixed income investment with eyes closed and ill prepared for any negative news
India, last year, was the world's fastest growing wealth management market, according to a CapGemini and RBC Wealth Management study published in June, spurred largely by rising personal income as well as a boom in e-commerce start-ups that has also attracted foreign investors.
Within Asia, the top approach to recruitment by far is poaching from rivals, according to data from a PwC survey of private bankers. The current talent shortage is considered the biggest barrier to achieving growth plans for the next two years.
Under the agreement, Tech Mahindra will provide UBS FSL with a fully managed service across four major areas of data management, namely securities reference data, pricing, corporate actions and tax data
In the wake of multiple scams involving wealth managers, PFRDA chairman Yogesh Agarwal today said there is a need to have a lead regulator who would watch over financial advisors.
Managers of money for the world's rich are planning to boost investments in emerging markets, global stocks and hedge funds as these asset classes, once deemed risky, become more acceptable amid the developed world's woes, research showed.
As the world's population of millionaires booms, the global wealth management industry is failing to convince new customers its services are worth paying for, leaving it grappling with slowing sales alongside rising costs, research showed on Wednesday.