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Wealth Advisors opens retail outlet

Staff Reporter

Plans are on to open five more offices

THIRUVANANTHAPURAM: Wealth Advisors (India) Private Ltd., a service investment advisory company headquartered in Chennai and a subsidiary of the Rs.1,000 crore J.V. Gokal Group, inaugurated `WealthZone,' its retail outlet in Thiruvananthapuram recently.

It is the 12th retail outlet in south India and the 30th retail outlet in India. With Assets Under Advise (AUA) exceeding Rs.1,500 crore and offices in Chennai, Bangalore, Mumbai, Delhi, Coimbatore and Kochi, Wealth Advisors India hopes to manage about Rs.100 crore in Kerala.

They have opened the second office in Kerala, targeting the retail segment. Plans are on to open five more `WealthZone' offices in Kerala soon.

WealthZone, the retail division of Wealth Advisors (India) Pvt. Ltd., is based on the concept of a friendly neighbourhood financial supermarket, offering a wide range of financial products and services.

With a diverse product suite designed to cater to the requirements of the retail segment, which includes mutual funds, life insurance, non-life insurance, equities (both IPO and secondary), postal schemes and corporate deposits, WealthZone is the fastest growing financial retails in India.

`Wealth India,' the retail financial newsletter of WealthZone, will also be made available from the outlet.

V. Mahadevan, Chief Executive Officer, Wealth Advisors (India) Pvt. Ltd., said: "We consider the opening of our second office of WealthZone in Kerala as an important step in our expansion plant.

The large investing population, the opening up of employment/ business opportunities in Kerala, which is taking place through the growth of the tourism and technology sectors will, in turn, generate higher savings through greater employment potential, the scope of servicing the vast majority of NRIs in West Asia from Kerala are the main reasons for our focus on Kerala."

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