Introduction
Making money is one skill. Managing it wisely is another.
India is on the rise. By 2027, India will have 1.65 million HNIs, up from 796,000 in 2022 (Credit Suisse). Globally, wealth management commands USD 137 trillion in assets under management (AUM) (PwC, 2023).
Yet, amidst all this growth, one truth stands out: wealth unmanaged is wealth at risk.
That’s where wealth management steps in—not just as a service, but as a necessity.
—
What Is Wealth Management?
Tagline: Beyond products. Beyond returns. A blueprint for life.
Wealth management is a holistic discipline that integrates:
Investment planning (MFs, PMS, AIFs, global assets)
Insurance & risk protection
Tax & estate planning
Philanthropy & impact investing
Financial literacy for the next generation
It’s not just about making money work harder. It’s about ensuring money serves your life, vision, and legacy.
—
The Global Wealth Management Landscape
“Wealth is becoming more global, but management is becoming more personal.”
Global wealth management market: USD 137 trillion AUM (2023).
Expected to hit USD 230 trillion by 2030 (PwC).
India: ₹33 lakh crore (USD 400 billion) in wealth management AUM, growing at 12% CAGR.
Tagline: The world is wealthier than ever—but managing wealth has never been more complex.
—
India’s Financial Literacy Gap
India will be the third-largest wealth market by 2030 (BCG).
But only 27% of Indians are financially literate (S&P).
Tagline: Wealth is rising. Literacy is lagging. The gap is where risk lives.
—
Why Do You Need a Wealth Manager?
> “DIY works for home projects. Not for wealth worth crores.”
1. Complexity of Modern Wealth – Multiple products, multiple accounts, multiple headaches.
2. Risk & Volatility – Without guidance, investors chase highs and panic at lows.
3. Tax & Compliance – Regulations change; wealth managers ensure efficiency.
4. Succession & Legacy – 70% of wealth is lost by the 2nd generation, 90% by the 3rd (Williams Group study).
5. Behavioral Guidance – Wealth managers prevent emotional mistakes.
6. Access to Opportunities – AIFs, PMS, and global products aren’t easily available without professional networks.
7. Education & Empowerment – Literacy ensures wealth is sustainable.
Tagline: Wealth management is not a luxury. It is insurance for your financial future.
—
Key Metrics That Prove the Case
80–90% of long-term returns come from asset allocation, not stock-picking (Brinson Study).
Only 27% of Indian adults are financially literate (S&P).
A ₹100 billion wealth transfer gap is expected in India this decade due to poor planning (EY).
Quote: “Numbers don’t lie. The greatest wealth risk today is not volatility, but mismanagement.”
—
What Wealth Managers Actually Do
Tagline: Not sellers. Not brokers. Architects of your financial life.
Map life goals: retirement, education, and philanthropy.
Build strategies → MFs, PMS, AIF, insurance.
Manage risk → no overexposure, balanced liquidity.
Optimize tax → efficiency as default.
Educate families → literacy for continuity.
Coordinate advisors → lawyers, accountants, and estate planners.
“A good wealth manager doesn’t just ask about your portfolio. They ask about your life.”
—
Trends Shaping the Future of Wealth
1. Digital + Human – Dashboards + human judgment.
2. Alternative Investments – PMS, AIF, and private equity are rising.
3. Family Office Thinking – Even ₹10–50 Cr families are adopting structure.
4. Next-Gen Involvement – Education as a Service.
5. Impact Investing – ROI + Responsibility.
Tagline: The future of wealth is clarity-driven, purpose-led, and digitally empowered.
—
NorthGrove Partners: Wealth With Purpose
At NorthGrove, our mission is clear:
Clarity: One view of your entire wealth.
Control → Structured, goal-driven strategies.
Continuity: Ensuring wealth lives beyond you.
Our offerings:
Mutual Funds → Simplicity with direction.
PMS → Active, research-driven alpha.
AIF → Exclusive access to alternatives.
Insurance → Risk protection that matters.
Teaching & Coaching → Literacy for every generation.
Quote: “True wealth is not measured in crores, but in confidence, control, and continuity.”
—
Conclusion: Why Now?
India is in a historic wealth creation cycle. But unmanaged wealth becomes stress, confusion, and disputes.
The question is not “Should I have a wealth manager?”
The real question is, “Can I afford not to?”
At NorthGrove Partners, we don’t just manage money. We empower journeys. We align wealth with life, vision, and legacy.
Tagline: Because wealth with purpose is wealth that lasts.