StockHolding and ArthaYantra partner to launch online wealth management for the Indian Middle Class

Stock Holding Corporation of India Limited (SHCIL), the premier financial products market place and ArthaYantra, India's first and world's only full-service Robo-Advisory, announce strategic partnership to launch online wealth management advisory services to India's middle income group.

Through this partnership, SHCIL, owned by IFCI, plans to offer wealth management financial planning as a value added service across 180+ branches in India. ArthaYantra, winner of Red Herring's Global Top 100 award, will also be offering personal financial advisory to SHCIL's existing client base of 7 lakhs customers and prospects through its proprietary Robo-Advisory platform.

According to NGS Ramesh, CEO of SHCIL, "This partnership is in line with our vision of being a one-stop solution provider in the financial services domain. It completes the only missing piece in our product basket by offering online wealth management advisory."

A first-of-its kind service offering, world-class wealth management advice will be delivered real time and completely online through ArthaYantra's proprietary platform ARTHOS with the support of SHCIL's large branch network. The online process provides advice across investments, insurance, loan & expense management by delivering an unbiased, comprehensive and customized portfolio. This will benefit customers by identifying, prioritizing and helping them achieve their personal financial goals.

"Wealth Management services are the exclusive privy of the rich, high network individuals (HNIs) and has stayed elusive and expensive for most people all these years. Our partnership with SHCIL will ensure that the middle class too can benefit from world class financial advice and participate in the growth of our nation." says Nitin Vyakarnam, Founder and CEO of ArthaYantra.

With this tie-up, customers of SHCIL can opt for ArthaYantra's online wealth management advisory at affordable prices. This partnership between SHCIL and ArthaYantra can be definitely seen as a revolutionary approach in taking wealth management advisory to the benefit of India's middle class.

Source : Equity Bulls

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