IIFL Investment Managers, one of India's fastest growing wealth and asset management companies, has launched a new platform IIFL-ONE that institutionalizes a range of investment options for clients under transparent “All-in-fee” structure.
One of the biggest challenges for an UHNI & HNI client is to decipher the net of fees alpha/value-add and going past the opacity of total expense ratio including asset manager fee and wealth manager fee/brokerage. Towards addressing this growing concern and to enhance client experience through better transparency and a hassle-free investment environment, IIFL Investment Managers has designed customized portfolio management offerings: MANDATE and CONSULT under the IIFL-ONE platform. Under IIFL-ONE, HNI clients will, for the first-time in India, be offered institutional grade portfolio management processes and portfolio discipline for their personal portfolios at very competitive and transparent all-in-fee, coupled with host of privileges like access to preferred lending terms, wealth structuring and estate planning services. The initiative will bring down the overall cost paid by the client in the long run, as well as eliminate the incentive to churn the portfolio completely bringing tremendous alignment with client’s requirement.
Over the last year, IIFL Investment Managers has pilot-tested IIFL-ONE portfolio management offerings with their select clients. Owing to the unanimous positive feedback, IIFL Investment Managers has now launched this platform to all of its clients. Through this initiative, IIFL Investment Managers aims to re-define client engagement for wealth management in India.
To strengthen the IIFL-ONE offering, IIFL Investment Managers has carved out a separate delivery team under Mr. Sandeep Jethwani (Managing Partner and Head - Advisory) and a separate asset management team under Mr. Umang Papneja (Senior Managing Partner and Head - Products)
Mr. Karan Bhagat, Founder, MD & CEO, IIFL Investment Managers, said, “The last two years have witnessed a significant shift in asset-allocation trends among Indian high net-worth clients from traditional asset classes like real estate, gold and fixed deposits to financial assets like mutual funds and managed accounts. IIFL Investment Managers has always been committed to offer best in class bespoke financial wealth management solutions for our discerning clientele. We believe that our launch of IIFL-ONE will further demonstrate our commitment to keep our long-term interests completely aligned with that of our clients through potential co-investment into their portfolios and offering transparent all-in-fee structure."
Mr. Sandeep Jethwani, Managing Partner & Head of Advisory, IIFL Investment Managers, said, “Over the last decade we, at IIFL Investment Managers, have built strong expertise across wealth and various aspects of asset management. With IIFL-ONE, we intend to put together an integrated, specialized and market differentiated offering. We are confident that our initiative will help us to bring about a generational shift in wealth management in the country.”