IIFL Wealth Management Expands Its Services

IIFL Wealth Management has been on a mission to provide comprehensive financial solutions to its clients. They have been expanding their services to cater to the diverse needs of their clients.

Their team of experienced wealth managers offers a range of services including portfolio management, investment advisory, and wealth planning. These services are designed to help clients achieve their financial goals.

By expanding its services, IIFL Wealth Management aims to provide a one-stop solution for all its clients' financial needs. This includes investment banking, capital markets, and asset management services.

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IIFL Wealth has made several significant acquisitions over the years, expanding its reach and capabilities in the wealth management space.

In April 2020, the company acquired 100% equity shares of L&T Capital Markets (LTCM) for a total cash consideration of ₹230 crore plus available cash balance of LTCM.

IIFL Wealth has also acquired several other companies, including Wealth Advisors India in October 2018 for ₹235 crore (US$27 million), Ashburton India Equity Opportunities in December 2017 for an undisclosed amount, and Chephis Capital Markets in February 2016.

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The company had bought a majority stake in India Alternatives Investment Advisors Pvt Ltd, a PE advisory firm, in April 2014.

Here are some key details about these acquisitions:

In October 2018, IIFL Wealth acquired a Chennai-based wealth management firm, Wealth Advisors India, for ₹235 crore (US$27 million), expanding its presence in the Indian market.

IIFL Wealth has received significant funding from various investors.

In June 2018, they raised ₹745.71 crore (US$86 million) from Ward Ferry, General Atlantic and others.

This injection of funds helped the company expand its operations and improve its services.

General Atlantic acquired a 21.61 per cent stake in IIFL Wealth Management for ₹1,122.34 crore (US$130 million) in October 2015.

Their partnership with General Atlantic has been a crucial factor in the company's growth and success.

The funding received has enabled IIFL Wealth to increase its reach and provide better financial solutions to its clients.

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IIFL Wealth has a complex yet organized company structure. The company operates through its various subsidiaries, which provide a range of services.

Here are some of the notable subsidiaries of IIFL Wealth:

These subsidiaries operate in various parts of the world, including India, the Middle East, and Asia.

IIFL Wealth has a strong presence in the Indian market, with a network of over 1,000 branches across the country. This extensive network allows the company to reach a large number of customers and provide them with a wide range of financial services.

The company's focus on technology has enabled it to provide efficient and cost-effective services to its customers. IIFL Wealth has implemented various digital platforms to streamline its operations and improve customer experience.

IIFL Wealth's asset under management (AUM) has been steadily increasing over the years, reaching ₹1.45 lakh crore in 2020. This growth is a testament to the company's success in attracting and retaining customers.

The company's diversified product portfolio, which includes equities, debt, and hybrid products, has been a key factor in its growth. This allows customers to choose from a range of investment options that suit their risk tolerance and investment goals.

IIFL Wealth has a strong research team that provides in-depth analysis and recommendations to its customers. This helps customers make informed investment decisions and achieve their financial goals.

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