The takeover will help speeden up expansion in key cities and gives access to a robust and industry leading online platform.
Commenting on the development Mr. Hrishikesh Parandekar, CEO, Karvy Private Wealth said, “Karvy Private Wealth is continuously working towards providing customers with innovative solutions, insights and tools that help them make informed decisions. With the iTrust takeover, we are strengthening ourselves to provide expanded reach, superior technology, increased number of services and reach out better to the emerging affluent and HNI investors in India. The takeover is timely and will enable us to be prepared for the emerging market opportunities that are centred around the Indian growth story”
Backgorund of iTrust:
iTrust is India’s first and leading financial supermarkets offering independent advice across loans, investments, insurance, real estate, tax and financial planning. iTrust has innovated a unique online and offline hybrid service delivery model for financial product distribution. It has successfully served over 55,000 clients across India. At iTrust clients can get advice, buy product and manage their finances.
“With the income of Indian families rising at a fast pace, there is a great need for financial planning and management of one’s financial affairs. All our efforts have been to assist Indian families make smarter financial decisions in order to create long-term wealth. As a part of the Karvy family, iTrust’s clients will now benefit from Karvy’s broad platform and its suite of innovative products and stock broking platform to help them achieve their financial goals”, said Mr. Dhruv Agarwala, Co Founder - iTrust.
Mr. Kartik Varma, Co Founder - iTrust added that “It’s a special time for every client, employee, product partner associated with iTrust as it joins the Karvy family. Dhruv and I would like to thank our clients for giving us the privilege to serve them and look forward to them benefitting from Karvy’s wide array of products and services.”
Commenting on the transaction, Mr. Hrishikesh Parandekar, CEO, Karvy Private Wealth said, “We are delighted to bring the iTrust family into Karvy. The iTrust founders have built one of India’s leading independent financial service businesses, using cutting edge technology to best fulfill the growing financial needs of emerging affluent and HNI Indians. We are excited to use iTrust to scale up our wealth management business across some key cities of India, and to use the iTrust.in platform to get an online channel and to use their expertise to enter the tax preparation and filing business.”
Karvy Private Wealth provides customers a plethora of services which includes Comprehensive Financial Planning, Wealth Review & Investment Strategy, Retirement Planning, Goal-driven Investing, Risk Management & Insurance Planning, Property Purchase & Financing, ESOP Advisory, Equity and F&O Trading, Portfolio Management Services, Structured Products among others.
KARVY GROUP, through its wealth management Karvy Private Wealth, took over the wealth management business of iTrust Financial Advisors, one of India’s leading independent financial advisory firms, with operations in Delhi/NCR, Bangalore and Hyderabad.
The takeover will help speeden up expansion in key cities and gives access to a robust and industry leading online platform.
Commenting on the development Mr. Hrishikesh Parandekar, CEO, Karvy Private Wealth said, “Karvy Private Wealth is continuously working towards providing customers with innovative solutions, insights and tools that help them make informed decisions. With the iTrust takeover, we are strengthening ourselves to provide expanded reach, superior technology, increased number of services and reach out better to the emerging affluent and HNI investors in India. The takeover is timely and will enable us to be prepared for the emerging market opportunities that are centred around the Indian growth story”
Backgorund of iTrust:
iTrust is India’s first and leading financial supermarkets offering independent advice across loans, investments, insurance, real estate, tax and financial planning. iTrust has innovated a unique online and offline hybrid service delivery model for financial product distribution. It has successfully served over 55,000 clients across India. At iTrust clients can get advice, buy product and manage their finances.
“With the income of Indian families rising at a fast pace, there is a great need for financial planning and management of one’s financial affairs. All our efforts have been to assist Indian families make smarter financial decisions in order to create long-term wealth. As a part of the Karvy family, iTrust’s clients will now benefit from Karvy’s broad platform and its suite of innovative products and stock broking platform to help them achieve their financial goals”, said Mr. Dhruv Agarwala, Co Founder - iTrust.
Mr. Kartik Varma, Co Founder - iTrust added that “It’s a special time for every client, employee, product partner associated with iTrust as it joins the Karvy family. Dhruv and I would like to thank our clients for giving us the privilege to serve them and look forward to them benefitting from Karvy’s wide array of products and services.”
Commenting on the transaction, Mr. Hrishikesh Parandekar, CEO, Karvy Private Wealth said, “We are delighted to bring the iTrust family into Karvy. The iTrust founders have built one of India’s leading independent financial service businesses, using cutting edge technology to best fulfill the growing financial needs of emerging affluent and HNI Indians. We are excited to use iTrust to scale up our wealth management business across some key cities of India, and to use the iTrust.in platform to get an online channel and to use their expertise to enter the tax preparation and filing business.”
Karvy Private Wealth provides customers a plethora of services which includes Comprehensive Financial Planning, Wealth Review & Investment Strategy, Retirement Planning, Goal-driven Investing, Risk Management & Insurance Planning, Property Purchase & Financing, ESOP Advisory, Equity and F&O Trading, Portfolio Management Services, Structured Products among others.
Ample Financial Advisor is one of the best wealth advisory firms in Delhi, with a team of highly experienced wealth managers, engaged in financial services, such as loans, insurance, mutual funds, SIP etc.
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