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WEALTH MANAGEMENT
What is wealth management in the context of retail banking?
Wealth management is a comprehensive advisory service that combines financial planning, investment management, tax planning, estate planning, and other financial services to help high-net-worth individuals grow and preserve their wealth.
What is a 'Ultra High Net Worth Individual (UHNI)' in wealth management?
Individual with net worth exceeding Rs 25 crore.
Which regulatory body governs wealth management and portfolio advisory services in India?
SEBI (Securities and Exchange Board of India) regulates wealth management and portfolio advisory services in India, while RBI governs banking-related wealth products offered by banks.
What is the primary objective of wealth management for a client?
Preservation, growth, and transfer of wealth across generations.
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