The Wealth Management market in India has been consistently growing. It has been helped by the future view of the country’s economy, supportive demographics and the growth in income levels. Additionally, the potential of wealth management hasn’t yet been exploited in India and this augurs well for future growth. As per Capgemini’s World Wealth report, India ranks among the Top Ten countries in terms of total private wealth held. Less than ten percent of the country’s population accounts for almost half of the nation’s total wealth. Having said that, in the past only one-fifth of this segment has taken advice on wealth management from professionals. This represents a growing opportunity for Wealth Managers. In recent years, the number of people seeking out Wealth Managers has increased. Among other things, clients have been looking for advice on Financial Planning, Tax Planning, Estate Planning and Asset Management.
Majority of the audience seeking wealth advice does so because they either do not have the time or the domain expertise to handle it themselves. The wealth management industry is evolving at a rapid pace. As investors and wealth management products and solutions evolve, the industry will be able to carve out differentiated offerings for diverse set of clients.
The Certified Wealth Management (CWM) Course has been designed by IIFM based on interactions with Banking and Financial Services companies and their clients. Over more than a decade, IIFM’s CWM learners have been hired by leading organizations including Standard Chartered Bank, Religare Macquarie Wealth Management, ING Bank, Kotak Securities among several others.
Certificate in Wealth Management or CWM is a professional programme that equips finance professionals with knowledge and training of wealth management. Certificate in Wealth Management is an additional qualification generally pursued by finance professionals to enhance their career prospects. The certificate programme is offered in both full-time as well as part-time mode. Wealth Management is an advisory service for investment and financial planning. This service is provided by financial services firms and banks. Career prospect in wealth management is very bright due to growing awareness about wealth creation among people. Many people know how to acquire wealth but are not very wise in managing it. For this job, they hire qualified and well-trained wealth managers. Those who plan to take up wealth management as career can pursue it after completing HSC/Graduation or even after they start working. They can take up degree, diploma or certification course in wealth management depending upon their academic qualification. In India, wealth management as a career is still in its initial stages but is projected to grow rapidly in the coming years. The average starting salary of wealth managers in India is Rs 5 lakh and upwards. The scope of earning through commission is extremely good in wealth management