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Impetus sets up shop in the State

Special Correspondent

To offer wealth management solutions


To follow business model prevalent in the United Kingdom

It has offices in Aurangabad, Thane, Cuttack, New York


KOCHI: Impetus, the wealth management company based in Mumbai, has started its Kerala operations.

P.R. Dilip, managing director of Impetus Wealth Management, inaugurated the Tirur office on Monday. He also conducted an investor awareness class for potential clients.

Mr. Dilip told reporters in Kochi recently that his company, established in 1994 with an objective of identifying investment opportunities scientifically, would provide prudent wealth management solutions with a scientific approach to address the challenges in the investment sector.

Growth strategy

He said the company would follow the business model prevalent in the United Kingdom by roping in the services of professionals rather than establishing branches and having physical infrastructure everywhere. The objective is to provide research-based investment advisory services to institutional and high net worth investors at minimum cost. In 2006, this equity research organisation re-invented itself by bringing in more professionals on the board with wider and diversified experience in the field of fund management and equity research. The company has seven directors on board to lead a team of 31 highly skilled and motivated financial advisers, he said. In response to a query, Mr. Dilip said the company had 1,263 high net worth clients. The number is expected to go up in a big way after the introduction of web-enabled investment profiles, he said

Impetus has offices in Aurangabad, Thane, Cuttack and New York, he said.

Detailing the strategy for growth, he said that Impetus would focus on complete wealth management rather than a particular asset-class alone. In order to achieve the financial goals of different individuals with different age and risk profile, one cannot have an off-the-shelf solution, he said. The company would start the process of investment services with a complete profiling of the investors before starting out to invest the money in a different asset classes, he pointed out.

The company has implemented state-of-the-art technology to achieve accuracy and scalability in the operations, he said, adding the online reporting systems would keep the investors well informed about their investments.

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