The Hindu Business Line : Impetus Wealth Mgmt commences operations

Kochi, Nov. 19 As against a 32 per cent savings rate of the country, just 3 per cent of Indian households invest in the country’s booming capital markets even today, said Mr P.R. Dilip, Managing Director of Impetus Wealth Management Ltd. To highlight the potential of the Indian capital markets, Impetus Wealth Management plans to conduct a series of seminars and workshops across the country.

The company has already developed a base of 1263 customers in India and abroad and has a portfolio of Rs 86 crore under management, built within the first five months of operations.

The company was registered in 1994 as Stocksearch and Financial Services and was into research and production of stock and industry-specific reports for brokers and investors.

The name of the company was changed to Impetus in 2006 and it has obtained SEBI registration and commenced portfolio and wealth management services operations from May 2007, Mr Dilip said at a press conference in Kochi.

“We have brought on board more professionals with a wider and more diversified experience in the field of fund management and equity research. We have also set up a network in six cities in India and should be extending our footfalls to all the major cities of the country soon,” he said.

growth model

However, the growth model of the company is not built on physical offices and infrastructure model, rather as a Web-enabled interactive and scalable project.

The country-wide seminars and workshops would not only highlight the potential of the Indian capital markets, but would also bring to the notice of potential customers the Web-based bouquet of financial services, wealth and portfolio services that the company has to offer.

The customer can explain his requirements and the types of assets that he plans to build to the company on-line and the company would interactively help him build his portfolio. The era of building huge front and back offices for wealth and portfolio management companies are a thing of the past in the developed countries and it is time we followed suit, Mr Dilip said.

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