The Hindu Business Line : Karvy Private Wealth in expansion mode

Hyderabad, July 16 Financial advisory provider Karvy Private Wealth is planning to expand its operations to over 20 cities and towns by the next financial year besides focussing more on service delivery innovation.

At present, it has offices in eight major cities, including the metros.

“Our client base and resources have also been strengthened with the recent acquisition of Park Financial Advisors, a boutique financial advisory firm which has operations in Mumbai and Bangalore,” Mr Hrishikesh Parandekar, Chief Executive Officer, Karvy Private Wealth, told Business Line.

Private Wealth, which was formed recently by the Hyderabad-based Karvy Group by merging its private client group and financial planning group, would also focus on high net worth individuals.

“We are in the process of convincing our clients about the long-term advantage of staying invested in the current market conditions,” he said.

It would also introduce differentiated services for various segments of the investors. “We are creating client-targeted segments by introducing special offerings to small business people and retirees,” Mr Parandekar said.

On the market conditions, he said the investment appetite had improved considerably when compared with last year. “The portfolios are getting bigger. I am much more hopeful of the market now then what I was six months ago,” he added.

More Stories on : Financial Services | Andhra Pradesh

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Karvy Private Wealth in expansion mode

Some arbitrage funds say no to fresh subscriptions

L&T’s profit growth aided by exceptional gain

Ashish Dhawan hikes stake to 5% in Greenply Industries

L&T net soars on UltraTech stake sale

Markets to decide on SME exchanges structure: Govt

Sterlite enters active zone; open interest jumps

Day Trading Guide

Ranbaxy Laboratories (Rs 259.3): Buy

Mahindra Holidays ends Day 1 at 5.8% premium