High Net-Worth Individuals (HNWI)
As the economy is growing and income level is growing the increase in HNWI population is inevitable. Considering that a High Net Worth Individual is hard pressed for time, our services aim at providing an end to end service from Strategy to Execution.

There is an Emerging HNWI with net worth from 25lacs to 2crores who graduate and join the elite group of HNWI who have net worth above 2 crores. Also there is the ULTRA HNWI who has net worth of more than 10 crores. HNWI could be a business man, professional, industrialist, estate owner, NRI, film star, or an individual successful in your own area of work.

Strong GDP growth, robust figures in industrial and service sectors, high market capitalisation, and steady FII inflows are some factors contributing to the rise in HNWI wealth. In 2006, India’s HNWI population crossed the 1 lakh figure, which made it the second-fastest growing HNWI segment in the world, after Singapore, where the growth was 21%.

You've worked long and hard over the years to build a strong financial foundation. Chances are you continue to work long and hard, or you are enjoying the fruits of your earlier labor. In either circumstance, it is our job to help you manage and maximize your financial foundation so that you can do what you do best where you do it best, whether it's in the board room or on the golf course.

The Services we offer to High Net-Worth Individuals.

The first step would be to arrive at an investment strategy keeping objectives in mind, risk profile, current mix of investments, etc. We have relationships with major financial institutions and wealth management companies to deliver unbiased and cutting edge advice. The approach looks at delivering long term returns and is not meant to churn too often. Our objective is to be able to provide one of the widest ranges of investment options all under one roof and to realign them at appropriate points.

We follow a simple procedure where we ask our clients to write down all the Risks (business and personal) and the ways they can mitigate it and what they can do today to get protection from it.

What we do?
We provide end to end Wealth Management Solutions by managing your financial matters. The objective is to create a well diversified portfolio that provides you with consistent long term returns. We have options of both pure Consulting and brokerage models. This service is provided for High Net Worth and Ultra High Net Worth Customers.
Clients use us for some or all of the varied services we offer high net worth individuals, including:

->  Strategic Financial Planning We work with you to define your short- and long-term financial goals and help you create a plan to meet those goals, always keeping tax implications in mind.

->  Tax planning and projections related to complex transactions, such as the sale or purchase of a business, or investments

->  Investment Performance Management and Reporting. We provide asset management and/or investment consulting services. Whether we are actively involved in the management of your assets or review information that you provide us, we will give you a performance report and suggested recommendations.

Review of your personal and business life insurance programs. Analysing your insurance requirement will

Estate and gift tax planning to help you provide for future generations while minimizing the tax impact.

Preparation of your Personal Financial Statement. We accumulate your assorted financial information into financial statement format. It's easy for you to understand and to see how the various pieces of your personal financial puzzle fit together

 

Centuries ago, Victorian fathers may have threatened to exclude recalcitrant sons from their wills, but the theatrics continue till date, mostly in corporate boardrooms and TV soaps. Thanks to the much publicised case of the late Priyamvada Birla and the various TV serials spun around tycoons bequeathing their empires to secretaries or chauffeurs, estate planning in India is still largely the stuff of fiction.

However, estate planning is not just for the rich and famous. It is simply a process for an individual to arrange the transfer of his assets in the event of his death or incapacitation. As this process is legally binding, it is important to do so in a timely manner in order to provide for the family. In fact, as soon as you acquire some assets or have dependants, you should start planning for your succession. “Prior to estate planning, your financial plan should be in place to meet your goals.”

Investment
- Wealth Accumulation
- Wealth Preservation
- Liquidity
The best way of Wealth Preservation would be when your Invested assets can replace your regular income. At a certain time your wealth if it is not increasing well it should recede too, hence a proper planning is required. Proper churning of your investments is essential as it helps in wealth preservation and liquidity. For the HNWI the simple needs have already been fulfilled but the ever changing GOALS and the higher end of the hierarchy of needs fulfillment is an essential process.

Protection
- Wealth
- Health
- Assets
- Against Liability
It is wise enough to segregate your business and personal wealth. Hence it is crucial aspect of the financial plan to do this as it will protect your family in times of uncertainty. This segregation can generate income when you cannot.

ESOPs are a boon to the emerging HNWI but it does accompany with it concentrated stock risk and event risk. Encashing at times, taking profit periodically and diversifying into different assets is essential function.

Credit
- Leveraging investments
- Liquidity
- Business Credit
  Working Capital | Term Loan | Promoter Funding
  Personal Credit
IPO Funding, Personal Loan/Home Loan
Liquidity is the key and diversifying into different asset class is essential. If you are over exposed in Indian asset classes, diversifying through different countries like Singapore, Hong Kong, US and UK too is a wise decision. The FEMA law too permits 200,000 US$ per person and you could find plethora of avenues abroad. For parents whose children’s are studying abroad could look at this

Inheritance Planning
- Need to smoothly transfer to next generation
- Tax Efficient
Inheritance Planning is a mandatory act and should be considered on an utmost priority. It is more an emotional decision than a rational decision. Creation of trust structure is one of the easier ways an HNWI can harness more tax benefits. There is also a MWPA act whereby you can buy insurance on your wife’s name and on your untimely death the proceeds goes to your wife. The additional benefit is that it cannot be attached hence you protect your family and transfer the wealth in a very tax efficient manner.

The money received from your parents account represents inheritance and since India doesn’t apply inheritance or estate duty, the entire proceeds will be completely tax-free. However, it would be advisable to keep detailed records so that if the tax department asks for it. In India currently we do not have any inheritance tax but after the implementation of the DTC things could change.

Tax Planning
- Post Tax Returns
- Tax Deductibility
Apart from income tax the HNWI should also consider Estate Duty, Wealth Tax and Gift Tax. People are ignoring wealth tax but it does dent your wealth. The value of all the taxable assets on the valuation date is clubbed together and is reduced by the amount of debt owed by the assessee. The net wealth so arrived at is charged to tax at the rates specified. The present rate of tax is 1% of the amount by which the net wealth exceeds Rs. 15,00,000. The rate is same for individuals, HUF's and companies. Special rules have been laid down in the Act regarding valuation of various assets like immovable properties, shares, jewellery etc. Gifts are Taxable Only in the Case of Individuals and HUF's but Gifts from Relatives are Tax-Exempt