Stock Holding Corporation of India Limited (SHCIL) and Hyderabad-based ArthaYantra today announced partnership to launch online wealth management advisory services to India's middle income group.
Through this partnership, SHCIL, owned by IFCI, aims to offer wealth management financial planning as a value added service across 180-plus branches in India.
ArthaYantra will also be offering personal financial advisory to SHCIL's existing client base of seven lakh customers and prospects through its proprietary "Robo-Advisory" platform, a joint statement said.
"The online process provides advice across investments, insurance, loan & expense management by delivering an unbiased, comprehensive and customised portfolio.
"This will benefit customers by identifying, prioritising and helping them achieve their personal financial goals", the statement claimed.
"Wealth Management services are the exclusive privy of the rich, high network individuals (HNIs) and have 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," said Nitin Vyakarnam, Founder and CEO of ArthaYantra.
