The funds will help the company catalyze and expand growth initiatives Asset management business, deepen the Asset Management franchise and hire top talent.
With over $3 billion in Assets Under Advisement (AUA), including $360 million (INR 3,000 crore) in Assets Under Management (AUM), Neo offers its clients, typically the country’s top billionaires, advisory and returns-based investment solutions
India has the second largest number of high net worth individuals (HNI). Brick to land. However, the wealth sector is still in a relatively nascent phase when it comes to financial advice and asset management. There is also a dire shortage of expert asset managers in the country. Neo wants to address these gaps with an emphasis on customer focus.
Launched in 2021, Neo claims to have over 1,000 customers across HNIs, UHNIs and multi-family office segments. “markets. “This alliance is more than just a strategic move. “Thanks to this powerful partnership, we are better equipped than ever to offer innovative solutions, deliver exceptional value and enable our customers to achieve their financial goals,” said Nitin JainChairman and CEO, Neo Asset and asset management.