Iifl Wealth Management Limited is an adviser based in Mumbai, Maharashtra. It manages $336.72 million of regulatory assets for 87 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Florida and Texas.
Iifl Wealth Management Limited provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm also engages as distributor.
The assets under management (AUM) of Iifl Wealth Management Limited is $336.72 million. The firm's AUM has grown by 0% since the beginning of its operation, and $327.77 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Iifl Wealth Management Limited for their services and products based on fixed fees and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Nirmal Bhanwarlal Jain is high net worth individuals with 38 clients and $295.14 million of assets under management. Among the 12 most similar advisory firms, Iifl Wealth Management Limited has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $322.43 million for 83 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 97% of the firm’s clients are foreign persons or businesses.
Iifl Wealth Management Limited doesn't advise any private funds.
The company employs 589 people that are either part- or full-time employees. No employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
Nirmal Bhanwarlal Jain has been acting as President since 1 Jan 2008. Fih Mauritius Investment Limited joined the executive team most recently as the Shareholder.
The principal office where Iifl Wealth Management Limited performs its advisory services is located at Iifl Centre, Kamala City, Mumbai, Maharashtra, 400013, which is also the mailing address of the firm. The firm also has an office outside of the United States.
You can reach the main office by calling the phone number +91 22 39585600 or by fax +91 022 46464706. The normal business hours are 9am - 6pm on Monday - Friday. You can find more information about the New York firm at iiflw.com.