Latest news with #PrivateWealthManagement
Trade Arabia
5 days ago
- Business
- Trade Arabia
Spark Capital PWM launches operations in DIFC
Spark Capital Private Wealth Management (Spark Capital PWM) has announced the launch of its operations in Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region through Spark Global PWM Private Limited. This strategic expansion will enable global investors to access diverse markets with ease while offering its clients comprehensive portfolio diversification opportunities. The move reinforces Spark Capital's commitment to delivering sophisticated, bespoke wealth management solutions on an international scale, the company said. Spark Capital PWM has significantly focused on growth and expansion in recent years. Its AUM & AUA has grown nearly 10x —from $360.24 million in April 2023 to $3.56 billion in May 2025. The firm has also scaled its team from 60 to over 400 professionals, including 130+ seasoned relationship managers, and established a pan-India presence across 12 cities. Arpita Vinay, Senior Managing Director & Co-CEO, Spark Capital Private Wealth Management Private Limited, said: "The establishment of our DIFC office represents a significant milestone in Spark Capital PWM's global growth strategy. Dubai's strategic location and robust financial infrastructure provide an ideal platform to connect investors across regions with diverse investment opportunities. This expansion allows us to enhance our service offerings to international clients while creating new avenues for wealth creation and preservation." Neeraj Ojha, Senior Executive Officer, Spark Global PWM Private Limited, added: "DIFC offers an exceptional ecosystem for wealth management firms, with its world-class regulatory framework and access to a wide network of financial institutions. Through our presence here, we aim to provide professional clients in the Middle East with comprehensive wealth solutions backed by Spark Capital's expertise and innovation in investment management." DIFC is a strategic gateway to financial institutions and multinational firms in the region. DIFC continues to experience exponential growth in the wealth and asset management sector with 420 wealth and asset management firms and over 75 pure play hedge funds, 48 of which are 'billion-dollar club' organisations, that are capitalising on regional opportunities. Spark Global PWM Private Limited's DIFC office will be staffed by a team of experienced wealth management professionals with extensive knowledge of global markets and a proven track record of delivering exceptional client outcomes. These professionals will leverage the firm's comprehensive research capabilities, innovative investment strategies, and established track record in wealth management to provide tailored solutions to clients in the region. This approach underscores Spark Capital's dedication to client-centric service while strengthening its position as a trusted wealth management partner globally, it said. –
Zawya
6 days ago
- Business
- Zawya
Spark Capital PWM establishes strategic presence in Dubai International Financial Centre to serve global investors
Spark Capital, through its Investment Banking, Asset Management and Private Wealth Management services, has evolved into an integrated financial services institution in India. Spark Global PWM Private Limited, a CAT4 firm regulated by Dubai Financial Services Authority, the independent regulator for business conducted from or within Dubai International Financial Centre (DIFC), operates as a subsidiary of Spark Capital's Private Wealth Management business and the new office will serve as a hub for its Middle East operations. Dubai, UAE: Spark Capital Private Wealth Management (Spark Capital PWM), today announced the launch of its operations in Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region through Spark Global PWM Private Limited. This strategic expansion will enable global investors to access diverse markets with ease while offering its clients comprehensive portfolio diversification opportunities. The move reinforces Spark Capital's commitment to delivering sophisticated, bespoke wealth management solutions on an international scale. Spark Capital PWM has significantly focused on growth & expansion in recent years. Its AUM & AUA has grown nearly 10x—from USD 360.24 million (INR ~3,000 crores) in April 2023 to USD 3.56 billion (INR 30,000 crores) in May 2025. The firm has also scaled its team from 60 to over 400 professionals, including 130+ seasoned relationship managers, and established a pan-India presence across 12 cities. Commenting on the expansion, Arpita Vinay, Senior Managing Director & Co-CEO, Spark Capital Private Wealth Management Private Limited, said, "The establishment of our DIFC office represents a significant milestone in Spark Capital PWM's global growth strategy. Dubai's strategic location and robust financial infrastructure provide an ideal platform to connect investors across regions with diverse investment opportunities. This expansion allows us to enhance our service offerings to international clients while creating new avenues for wealth creation and preservation." Neeraj Ojha, Senior Executive Officer, Spark Global PWM Private Limited, added, "DIFC offers an exceptional ecosystem for wealth management firms, with its world-class regulatory framework and access to a wide network of financial institutions. Through our presence here, we aim to provide professional clients in the Middle East with comprehensive wealth solutions backed by Spark Capital's expertise and innovation in investment management." DIFC is a strategic gateway to financial institutions and multinational firms in the region. DIFC continues to experience exponential growth in the wealth and asset management sector with 420 wealth and asset management firms and over 75 pure play hedge funds, 48 of which are 'billion-dollar club' organisations, that are capitalising on regional opportunities. Spark Global PWM Private Limited's DIFC office will be staffed by a team of experienced wealth management professionals with extensive knowledge of global markets and a proven track record of delivering exceptional client outcomes. These professionals will leverage the firm's comprehensive research capabilities, innovative investment strategies, and established track record in wealth management to provide tailored solutions to clients in the region. This approach underscores Spark Capital's dedication to client-centric service while strengthening its position as a trusted wealth management partner globally. About Spark Capital Private Wealth Management Spark PWM Pvt Ltd, operates as a subsidiary of Spark Capital Advisors (India) Limited. Aligning with Spark Capital's core values of Knowledge, Integrity, Trust & Transparency, Spark PWM endeavours to assist Affluent Families, Business Owners / Promoters, Family Offices, New Age Entrepreneurs, and CXOs in navigating the complexities of the financial landscape. The company's mission is to seamlessly facilitate the creation, preservation, and transition of wealth across generations through its range of products and services. As part of Spark Capital's ecosystem, Spark Capital PWM extends its offerings beyond traditional wealth management services to include investment banking and asset management expertise. This integrated approach enables Spark Capital PWM to tailor bespoke solutions to meet the diverse needs of its clientele. About Dubai International Financial Centre Dubai International Financial Centre (DIFC) is one of the world's most advanced financial centres, and the leading financial hub for the Middle East, Africa, and South Asia (MEASA), which comprises 77 countries with an approximate population of 3.7bn and an estimated GDP of USD 10.5trn. With a 20-year track record of facilitating trade and investment flows across the MEASA region, the Centre connects these fast-growing markets with the economies of Asia, Europe, and the Americas through Dubai. DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework, as well as the region's largest financial ecosystem of 46,000 professionals working across over 6,900 active registered companies – making up the largest and most diverse pool of industry talent in the region. The Centre's vision is to drive the future of finance through cutting-edge technology, innovation, and partnerships. Today, it is the global future of finance and innovation hub offering one of the region's most comprehensive AI, FinTech and venture capital environments, including cost-effective licensing solutions, fit-for-purpose regulation, innovative accelerator programmes, and funding for growth-stage start-ups. Comprising a variety of world-renowned retail and dining venues, a dynamic art and culture scene, residential apartments, hotels, and public spaces, DIFC continues to be one of Dubai's most sought-after business and lifestyle destinations.
News.com.au
27-05-2025
- Business
- News.com.au
Have a Long Runway for Succession Planning
Raj Bhatia, private wealth advisor with Merrill Private Wealth Management, recommends that advisors set aside at least three to five years to ensure a successful succession plan.
Yahoo
31-01-2025
- Business
- Yahoo
Motilal Oswal Financial Services Ltd (BOM:532892) Q3 2025 Earnings Call Highlights: Robust ...
Operating Revenue: INR1,345 crores, up by 43% year on year. Operating Profit After Taxes: INR525 crores, up by 38% year on year. Assets Under Advice: Over INR6 lakh crore, up by 62% year on year. Annual Recurring Revenue: 56% of group revenues for the third quarter. Fee-Based Revenue Contribution: Increased from 30% to 41% year on year. Net Worth: INR11,569 crores, up by 40% year on year. Annualized Return on Equity: 36%. Interim Dividend: INR5 per share. Wealth Management Assets Under Advice: INR308,000 crores, up by 67% year on year. Wealth Management Revenue: INR570 crores, up by 30% year on year. Wealth Management Profit After Tax: INR190 crores, up by 16% year on year. Retail Cash Business Broking Volumes ADTO: INR3,230 crores, up by 19% year on year. Distribution AUM: INR32,000 crores, up by 38% year on year. Distribution Revenues: INR104 crores, up by 90% year on year. Net Interest Income Growth: Nearly 40% year on year. Asset Management AUM: Over INR130,000 crores, up by over 100% year on year. Private Wealth AUM: INR150,000 crores, up by 34% year on year. Private Wealth Revenue: INR278 crores, up by 63% year on year. Private Wealth Profit: INR97 crores, up by 57% year on year. Capital Market Revenue: INR151 crores, up by 70% year on year. Housing Finance AUM: INR4,343 crores, up by 15% year on year. Housing Finance NII: INR88 crores, up by 10% year on year. Treasury Investments: INR8,464 crores, up by 44% year on year. Warning! GuruFocus has detected 3 Warning Signs with BOM:532892. Release Date: January 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Motilal Oswal Financial Services Ltd (BOM:532892) achieved a significant milestone by servicing over 10 million customers, indicating strong market presence. The company's operating revenue for Q3 FY25 increased by 43% year-on-year to INR1,345 crores, showcasing robust growth. Assets under advice crossed the INR6 lakh crore mark, up by 62% year-on-year, reflecting strong asset management performance. The Wealth Management business saw a 67% year-on-year growth in total assets under advice, reaching INR308,000 crores. The Asset Management business reported a 362% year-on-year increase in gross flows, demonstrating strong momentum and distribution network expansion. The company experienced a decline in market share for cash ADTO and F&O premium due to market corrections and regulatory changes. The lending book in Wealth Management and Private Wealth Management showed a marginal dip, linked to market volatility. The Private Wealth Management business saw a dip in overall assets due to mark-to-market adjustments, despite positive net flows. The broking industry faces challenges from increased compliance costs and norms, potentially impacting smaller players. The Housing Finance business reported a 15% year-on-year growth in AUM, which may be considered modest compared to other segments. Q: This quarter, there was a shift towards more direct revenue in Wealth Management, and a decline in market share for cash ADTO and F&O premium. Can you explain this shift and any changes in F&O pricing due to regulation? Also, why has distribution income increased in Private Wealth Management without a corresponding AUM increase? A: Ajay Menon, Whole-Time Director, explained that the shift in market share is due to market trends and regulatory changes in F&O lot sizes, which affected pricing. The decline in AUM is attributed to market corrections, as explained by Shalibhadra Shah, CFO, while distribution income increased due to transactional products not included in AUM. Q: In Wealth Management and Housing Finance, the lending book has decreased. Is this due to market volatility, and what are the sustainable margin levels? Also, why are credit costs negative in Housing Finance? A: Shalibhadra Shah, CFO, noted a marginal dip in the lending book due to market corrections, but NIIs increased due to improved spreads. Negative credit costs resulted from recoveries of previously written-off assets, with strong asset quality maintaining low provision costs. Q: Can you provide a breakdown of AUM in the Private Wealth business? A: Shalibhadra Shah, CFO, detailed that ARR assets are INR32,000 crores, with transaction-bearing assets at INR116,000 crores, including INR46,000 crores in custody assets. Q: How does customer vintage affect revenue in broking and wealth management? Does client revenue increase with age? A: Shalibhadra Shah, CFO, confirmed that revenue increases with customer vintage due to improved cross-sell ratios, although exact vintage numbers are not disclosed. Q: How have market volatility and scheme performance affected net flows and SIP registrations in Asset Management? A: Shalibhadra Shah, CFO, reported strong net flows and SIP registrations, with January being a particularly strong month. The company is expanding distribution channels and increasing sales teams to maintain growth. Q: What is the strategy for launching new NFOs in the AMC business, especially during market weakness? A: The company continues to launch new funds, with a focus on thematic and passive strategies. Despite market weakness, the strategy of launching one NFO per month remains unchanged. Q: What is the focus segment for Private Wealth, and how much of AMC AUM is distributed within the group? A: Shalibhadra Shah, CFO, stated that 15% of AMC AUM is distributed within the group. Ashish Shanker, CEO of Private Wealth Management, mentioned that the focus is on families with a financial net worth of INR25 crores, onboarding with INR3 crores plus. Q: How is the company addressing market share decline in brokerage, and what is the long-term strategy? A: The company focuses on quality clients and advisory services, with a strategy to grow market share through digital channels and distribution alignment, while avoiding discount brokerage models. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
