Financial literacy among wealth managers needs to improve: report

There has been a significant rise in the number of high net worth individuals (HNIs). India has the world’s fastest growing HNI population (individuals with over $1million in investable assets) both in terms of the number of individuals and wealth. A report on the state of the Indian wealth management industry by Cafe Mutual, an independent forum for mutual fund professionals, and EY, Winds of change: Wealth management reimagined, says that to realise the industry’s true potential, several issues need to be addressed as the wealth management space evolves further.

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