Waterfield Advisors

Fortune and Waterfield collected details of listed and unlisted wealth, additional information regarding investments outside of the listed business

The first close saw commitments from single-family offices and ultra-high net worth (UHNW) individuals.

Diversification at a lower cost said to be among the key reasons for such structures

This will strengthen its leadership team as Waterfield expands its domestic and international biz

Waterfield Advisors, a boutique firm that advises family offices and ultra high net worth (UHNW) families on preservation and creation of wealth and succession planning, is all set to cross the $2-billion mark in assets under advisory by March this year.Founded by Soumya Rajan, a former Standard Chartered executive, the firm is all set to achieve $5-billion assets under advisory by FY19."Since we started our operations in 2011, the family office concept has matured in India. The conversations that we have now are much more engaged. We have seen our advisory build up at present to $1.4 billion. And, we will touch $5 billion by 2019," said Rajan.The family office space is characterised by three emerging global trends - a growing number of high net worth and UHNW clients around the world, especially in the Asia-Pacific region; more affluent families seeking out experienced professionals to manage their wealth to fit their specific financial goals and risk tolerances; and ultra affluent cl