Karvy Private Wealth, a leading wealth management company, has taken over iTrust Financial Advisors, one of India?s leading independent financial advisory firms, with operations in Delhi/NCR, Bangalore and Hyderabad.
The takeover catapults Karvy?s position to make it one of the largest players in the non banking Wealth Management space. Further, it will help to speed up expansion in key cities and gives access to a robust and industry leading online platform, said the company.
Commenting on the development, Hrishikesh Parandekar, CEO, Karvy Private Wealth said, ?With the iTrust takeover, we are strengthening ourselves to provide expanded reach, superior technology, increased number of services and reach out better to the emerging affluent and HNI investors in India.
?The takeover is timely and will enable us to be prepared for the emerging market opportunities that are centred around the Indian growth story.?
Karvy Private Wealth provides customers a plethora of services which includes Comprehensive Financial Planning, Wealth Review & Investment Strategy, Retirement Planning, Goal-driven Investing, Risk Management & Insurance Planning, Property Purchase & Financing, ESOP Advisory, Equity and F&O Trading, Portfolio Management Services, Structured Products among others.
?With the income of Indian families rising at a fast pace, there is a great need for financial planning and management of one?s financial affairs. As a part of the Karvy family, iTrust?s clients will now benefit from Karvy?s broad platform and its suite of innovative products and stock broking platform to help them achieve their financial goals,? said Dhruv Agarwala, Co Founder – iTrust.