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Our Bureau

New Delhi, July 2

Reliance Money, a broking house and part of Reliance Anil Dhirubhai Ambani Group, has announced its foray into wealth management services (WMS), which would include tax planning and assessment, real estate, art advisory and estate planning.

The launch of the wealth management service was announced by Mr Sudip Bandyopadhyay, Director & CEO of Reliance Money, at a press conference here. “We aim to widen the definition of wealth management services by including tax planning and assessment, real estate, art advisory and estate planning among others. The idea is to provide comprehensive range of ‘cradle to grave’ services in the financial arena,” Mr Bandyopadhyay said.

He also said that Reliance Money was looking to offer wealth management services to customers who had investible surplus of at least Rs 25 lakh. There will be no charges levied by Reliance Money for offering the services. However, the company hopes to benefit from cross-selling of financial services and products of the group to the customers opting for WMS.

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