IIFL Wealth Management: Endowing Customers with an All-In-Fee Payment Model to Evade Financial Exploitation

Karan Bhagat,Founder, MD & CEO
Karan Bhagat, Founder, MD& CEO

'Commission'- this is what financial advisors call their fees. Truly, it’s their inherent tendency to steer customers towards products that compensate them the most. Hidden behind smokescreens, such a model conflicts with the best interest of client’s finances and encourages recurrent trading which is seldom valuable for long-term investments.

Venturing well beyond this model that raises ethical and legal concerns for clients, IIFL Wealth Management Limited (IIFL Wealth),a subsidiary of IIFL Holdings Limited(erstwhile India Infoline Limited) has built a strong practice that enables clients to be in-the-know for making sound & fruitful financial decisions. With an open architecture access to both mainstream & boutique portfolio managers and partnerships with multiple scales of businesses, IIFL Wealth offers clients a full-service platform that encompasses net-worth /wealth management across assets’. “To bring a consolidated balance sheet, effective tracking & investment monitoring, we offer an innovative fee structure 'All-In-Fee', which is committed to a single & transparent fee charged to the clients,” states Karan Bhagat, Founder, MD & CEO, IIFL Investment Managers.

Innovation at Its Best
A meritocratic organization, with a
potent mix of academic &experienced people, this award-winning company’s attrition rate is one of the lowest in the industry. Having built one of India’s largest products team, IIFL Wealth has a stellar track record of creating innovative & customized products and portfolio strategies aligned with stakeholders’ interests industry - agnostically. Tremendous credits to its in-house AMC and NBFC, IIFL Wealth introduced the Family Office Proposition that charts a comprehensive wealth management strategy for clients by mapping their current challenges, in-state and wealth management against possible solutions, besides launching a full-fledged advisory for enabling extremely flexible engagement between clients and advisors.

"IIFL Wealth also leverages technology for fund management reporting and business MIS to do in-depth analysis on all aspects of the business swiftly and present it in graphical format"

IIFL Asset Management Limited (IIFL AMC), IIFL Wealth’s subsidiary is one of the market leaders in the biggest gross sale of a single-themed product across all AMCs with a record of $1 billion of IIFL Special Opportunities Fund. Last year, under this slice, it launched further series of IIFL Special Opportunities Fund that facilitates clients to participate in Pre-IPO opportunities.

Encompassing All Financial Assets
Be it listed, unlisted or offshore investments, real estate assets, broking, consumer & corporate lending, fund management or business assets, IIFL Wealth, one of India’s largest pure-play wealth managers encompasses an array of wealth management services to
address high net-worth families’ requirements. While its investment service IIFL-ONE enables a highly customizable investment approach, its portfolio management offering facilitates clients maintain their wealth banks and offers audited statements to improve security & control over assets. Besides advocating industry-first approach of bringing to UHNIs processes of fund management and reporting for institutions, IIFL Wealth does scientific fitment of products based on the Investment Guideline for the core financial portfolio, ensuring product ideas don’t drive investment strategy.

Besides delivering enhanced reports through innovative videos, IIFL Wealth also leverages technology for fund management reporting and business MIS to do in-depth analysis on all aspects of the business swiftly and present it in graphical format. Aiming to take technology to chock-full, IIFL Wealth has introduced a revamped website and app.

Spread across 23 locations globally, this 2008-founded company’s revenue on a consolidated basis has jumped 60 percent to Rs.17.38 billion over the previous year with net profit rising 54 percent annually to Rs.3.85 billion, while consolidated assets under management, advice and distribution vertical (IIFL Wealth along with its subsidiaries), jumped 38.81 percent in the last one year and stand at Rs.1317.62 billion, as on 31st March, 2018. Giving back to the community, its CSR wing - EKA undertakes numerous projects in sports, encouraging entrepreneurship, tribal developments, women empowerment, healthcare & education.