Sunday, 8th November 2009

 

3 July 2009 - Press Briefing

Indian HNIs shun big brokers for boutique advisers

High net worth Indian individuals are increasingly turning to boutique advisory firms, having suffered sharp erosion in their portfolios following aggressive bets undertaken by their big institutional brokers, according to a report in The Economic Times.

iMetanoia, a Bangalore-based advisory firm, has enjoyed a 300% surge in HNI clients since April and presently has manages assets worth Rs 250 crore (€37.2m).

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