Nuvama Wealth, the personal wealth arm of Nuvama Wealth Management, has announced an ambitious plan to grow its Assets under advice (AUA) by 5x to USD 30 Bn by 2028. This is in line with its vision of empowering clientele with access to high quality advisory and wealth solutions.
Nuvama Wealth has transitioned from a single product distribution franchise to a full-fledged wealth management outfit, creating significant value for its stakeholders while providing superior client experience through hybrid servicing, multi-product & services, and customized solutions It aims to continue the growth by executing across three key priorities a). Nuvama Wealth aims to increase its geographic reach to 300 locations by 2028, with a focus on Tier II and III towns, currently located at 69 locations. b). Nuvama Wealth aims to increase the talent pool of Relationship Managers (RMs) by 100% in the next 3 years to cater to client needs. c).
Nuvama Wealth needs to gain trust with Affluent and HNI segment. Speaking to the press, Rahul Jain, President, and Head of Nuvama Wealth, said, “Tier II and III towns in India is where we would like to be present to partner and grow with our clients who will start generating mass employment and significant wealth as they progress on their business expansion journeys.”
