Wealth Managers Exit India as Millionaires Hard to Entice

10-Feb-2015 #Globalwealth Source: Bloomberg

Indian millionaires refrain from paying fees for wealth management advisory. With the demographic of India different from the other countries, wealth managers are finding it difficult to lure the millionaires and exiting India. On the other hand the wealthy find that there is lack of alignment between private bankers and the needs of individuals creating a gap.

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