With a customer base of over 1,00,000, BMA Wealth Creators Ltd
aims to be the biggest financial service provider in eastern India, says
Anubhav Bhatter
What do you mean by wealth management and financial advisory?
Wealth management is a professional service which is a combination of
financial/investment advice, accounting/tax services, and legal/estate planning
in exchange for a fee. Financial advisory is an in-depth discovery process
where an advisor will work with you to understand and document what you want to
do in this lifetime, from now until retirement.
What is the
current wealth management scenario?
The wealth management service sector in India is a highly fragmented industry served by more of unorganized players. Given the favorable market landscape and expected regulatory boosts by the government to promote this sector, the wealth management sector is well poised for growth in the coming times.
The wealth management service sector in India is a highly fragmented industry served by more of unorganized players. Given the favorable market landscape and expected regulatory boosts by the government to promote this sector, the wealth management sector is well poised for growth in the coming times.
When should one
start on financial planning?
Financial planning should start as early as possible. Those who begin investing at a young age stand to lose less than those who start investing at a later age.
Financial planning should start as early as possible. Those who begin investing at a young age stand to lose less than those who start investing at a later age.
How are an
individual’s financial goals determined?
The first step in financial advisory services is determining an individual’s financial goals, i.e. his purpose and priorities in life. Financial planning then focuses on devising a realistic plan to achieve and attain these goals.
The first step in financial advisory services is determining an individual’s financial goals, i.e. his purpose and priorities in life. Financial planning then focuses on devising a realistic plan to achieve and attain these goals.
Does wealth
management help to deal with economic uncertainty?
Financial planning is most important during periods of extreme volatility. When economies are going through financial turmoil, you need the highest level of certainty and clarity to know what you should be doing.
Financial planning is most important during periods of extreme volatility. When economies are going through financial turmoil, you need the highest level of certainty and clarity to know what you should be doing.
Describe the
journey of BMA and its future plans...
Established in the year 2005, we started our retail operations in 2006 and soon became one of the fastest growing financial companies in India. In the year FY11, our company marked its entry into the retail asset business. Currently, we cater to a customer base of over 1,00,000.We aim to be the biggest financial service provider in eastern India.
Established in the year 2005, we started our retail operations in 2006 and soon became one of the fastest growing financial companies in India. In the year FY11, our company marked its entry into the retail asset business. Currently, we cater to a customer base of over 1,00,000.We aim to be the biggest financial service provider in eastern India.
—
Bhatter is MD & CEO, BMA Wealth Creators Limited
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Ref: Economic Times, Kolkata, Tuesday January 24, 2012
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Ref: Economic Times, Kolkata, Tuesday January 24, 2012
Facing a lot of issues in your company
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