Dr. Jain, aged 50, is a renowned cardiologist in Gurgaon. He is extremely busy and has never managed his investments professionally due to paucity of time. His bank Relationship manager used to approach with Investment ideas whenever there was any liquidity visible in the bank account. Soon the relationship manager changed his job and a new person stepped in. The process repeated endlessly. Dr. Jain tried his hands at direct shares and FD sporadically. One day he received a letter for renewal of a FD of 25 lakhs that he had completely lost track of. He knew he needed a reliable and stable wealth management firm for overseeing his personal wealth. As luck had it, his sister was our existing client and he introduced us to the family.
We listed all his investments spread over multitude of instruments like FDs, shares, Mutual Funds, Bonds. Along with a lot of other information, we worked out his asset allocation and returns too. Along with our recommendations, this neat MIS was sent to him. Today he feels in control of his wealth with periodic exhaustive reporting. He is also aware of the direction and speed at which his wealth is growing. All this while he continues to focus on his profession and alleviating more and more pain from the planet. Just what he always wanted.