The Wealth Management services industry in India is still in its early stages, but it is growing in sync with the increase in the population of high-net worth individuals (HNWIs) and ultra-high net worth individuals (UHNWIs).

Rising per capita income, aided by the Indian economy’s growth and increasing urbanization, is also assisting the growth of financial industry and wealth management opportunities. Another impact has been the increased interest and awareness among HNIs for hiring certified professionals who they can trust with key financial decisions. It might be noted here that in the field of wealth management, Chartered Wealth Manager (CWM) is the only globally accredited designation that equips professionals with the right kind of expertise and knowledge to deliver above-par results. We will talk more about it later in this article.

Currently, the affluent middle-class population is growing, and according to World Economic Forum estimates, 80 percent of India’s population will be in the middle-class segment by 2030, up from about 50 percent in 2019.

Latest Trends in India’s Wealth Management Industry:

Over the last year, several interesting investing trends have emerged or gained traction.

One example is the growing interest in international investments, particularly in foreign real estate purchases. Another emerging trend is an interest in participating in the tech startup space. Investing in unlisted companies has become an appealing option for investors with higher risk tolerance and a longer time horizon.

As most active fund managers have failed to outperform the benchmark, passive investing through low-cost ETFs and index funds have gained traction and favour among sophisticated investors in recent years. This has also spurred an interest in learning more about sophisticated investment options and seeking help of certified professionals and we will focus on this aspect later in the article when we talk about Chartered Wealth Manager (CWM) program.

HNIs have also shifted to privately managed portfolios via AIFs (alternative investment funds) in order to achieve alpha while protecting their overall wealth. This was demonstrated by the increase in AIF commitment values exceeding INR 5 lakh crore, a jump of more than 20%. (YTD).

Trust is a critical component in the wealth management and certified wealth management courses can help professionals earn that critical trust with employers and clients. Client relationships are nurtured over time, often running deep and across generations. As a result, people with the ability to develop good client relationships will always have an advantage in this industry.

At the same time, the wealth industry’s future is likely to be bionic, with humans optimally utilizing digital solutions to add value to customers by improving processes, analysis, and communication which has helped evolve wealth management industry a great deal.

For many years, HNIs have used traditional investment avenues such as fixed deposits, direct equities or pooled vehicles such as mutual funds, and physical assets such as gold and real estate as effective investment tools.

HNI portfolios have always had a high concentration of real estate investments. However, such exposure has been observed to be decreasing in recent years. While real estate remains dominant, the vehicle of allocation is changing. HNIs are increasingly investing in Real Estate Investment Trusts (REITs) rather than direct real estate investments to gain relevant exposure.

Benefits of Certified Wealth Management Courses

In today’s growing industry, the need for certified wealth management professionals has grown by leaps and bounds. It is here that finance professionals can gain a unique advantage by pursuing CWM® (Chartered Wealth Manager) Program, as a globally recognized credential in the wealth management profession. CWM® helps expand your knowledge and work experience and assists you in capitalizing on your passions and strengths. You end up earning a certification that shows the world you have the knowledge and skills to thrive in today’s complex and evolving wealth and investment management industry.

The CWM® charter is the gold standard for wealth managers, investment advisors, research analysts, and other people who make investment decisions.

  • Mastering the concepts underlying Wealth Management in today’s volatile market environment provides you with a comprehensive understanding of Wealth Advisory and Investment Planning. Because the Exam is designed by some of the world’s leading wealth professionals to reflect current industry issues.
  • Employers in the global wealth management industry recognize that the CWM®Program provides candidates with the specialized knowledge and skills required to succeed in the fast-paced financial services industry. CWM designation is by far the most well-known and respected designation for certified wealth management professionals, with CWMs present in all of the top 25 global banks.
  • The CWM®certification gives you a lifelong platform to network with some of the world’s most prominent wealth management professionals, broadening your professional opportunities in finance. More than 3,00,000 people from 151 countries and territories around the world have passed the CWM® In short, as a Chartered Wealth Manager, you will join an elite group of wealth management professionals.
  • Mastering the CWM®Certification and completing the many hours of self-study represents a significant commitment to the wealth management profession, positioning you as a leader in the field and demonstrating your dedication to professional excellence.

In today’s evolving era, certified wealth management courses can take you a rung higher in the intensely competitive financial industry and help you carve a niche for yourself. Beyond following current global industry standards, all Certified CWMs are expected to adhere to principles that promote the highest levels of ethical conduct and disclosure. Employers understand that a Certified CWM®will help protect their firms’ reputations and will only work to promote Client Interest.

error: Content is protected !!