Financial Partners International (FPI), a international financial advisory company provides core skill of financial planning and wealth management, has launched its operations in Gujarat in collaboration with Mumbai-based Padmakshi Financial Services Ltd. | |
| Recently, FPI and PFSL entered into a joint venture to form FPI-Padmakshi (FPI-P) for its Indian operations. |
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| Talking to Business Standard, Sean Kelleher, chairman and CEO of Financial Partner International (FPI), says, "FPI is in search of more partners to form JVS." However, he made it clear even though the company in on the lookout for other JV, but not in the immediate future. |
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| According to him, financial planning is one of the fastest growing areas of financial services in the world today. While in many countries it has taken root as a profession requiring industry-specific skills and qualifications. In India, it remains an industry yet to develop professionally." |
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| Kelleher further said that the company expectS to manage wealth of around $100 million in the first six months in India. |
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| The company targets the high net worth individuals as well and will provide service to Indian companies. The company is targeting $1 million revenue from each of its branches in India. |
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| Rohit Chothani, Director of FPI-Padmakshi for Indian operation, said, "There are many financial advisers in India but they are usually attached to one brand or product range, so they would hardly be able to provide good advice in terms of comparing products or in providing the best solution for a client's particular investment needs. This is what our advisers will be trained to do." |
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| "We are focussing on IFA and wealth management services in the OIC world, where O is for Oil, I is for India, and C is for China. This will naturally take us into countries surrounding OIC, as financial planning continues to develop from art to science," Kelleher added. |
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| Commenting on India operation, Chothani, said, "We need to be well-positioned to cater to India's need for financial planning solutions". |
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| He further said that the company will soon spread its network in Chennai and Hyderabad. |
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| Presently the company had its offices in Mumbai, Bangalore. |
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