Business Daily from THE HINDU group of publications
Wednesday, Apr 30, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Wednesday, Apr 30, 2008 ePaper | Mobile/PDA Version | Audio |
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Money & Banking
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Financial Services Ask Group expands wealth management footprint Our Bureau Hyderabad, April 29 Financial advisory and portfolio services provider, Ask Group will establish seven more centres as part of their expansion in South India. Ask Wealth Advisors, part of the Ask Group, sees immense opportunity to serve high network individuals (HNIs), families and trusts with their wealth management services, which is emerging as a big opportunity. The Chief Executive Officer of Ask Wealth services, Mr. Rajesh Saluja, said some of the key drivers of wealth are a large number of rich Indians moving back to South India from abroad and scores of high value entrepreneurs and companies creating wealth for professionals by way of employee stock options and real estate. “With the Indian economy expanding at an average annual rate of about eight per cent, the number of high net worth individuals has been growing at approximately 19.2 per cent. A Capgemini study indicates that there are more than 1,00,000 people with Rs 4 crore and above liquid cash,” he said. More Stories on : Financial Services
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