Edelweiss eyes Rs 1.5 trn in personal wealth management corpus in 2-3 years

Its personal wealth management arm, which currently manages Rs one trillion, clocked a robust revenue growth of 35% CAGR in the last three financial years

Homegrown financial services company Edelweiss is targetting a personal wealth management corpus of more than Rs 1.5 trillion in the next 2-3 years, compared to Rs one trillion at present.

Edelweiss Personal Wealth Advisory, the personal wealth management arm of Edelweiss Global Investment Advisory, clocked a robust revenue growth of 35 per cent CAGR in the last three financial years, the company’s senior executive vice president, Rahul Jain, told Business Standard here today.

He claimed the personal wealth management segment had not been adversely impacted by the current economic downturn. “In fact, the slowdown has accelerated the segment, since discerning