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What Does a Bank Have to Offer for Managing Your Wealth?

by Sonal Shukla

Investment portfolio management. Appropriate financial planning. Risk management. Wealth management takes a lot more effort and skill than you might think. And this is where banks step in as your investment partners with their market expertise to help you make well-informed investment decisions.

To let you make the most of your finances and invest smartly, banks offer specialised wealth management services, including an established framework for determining your financial needs, goals, and risk appetite and recommending the right products for you. A reliable banking partner can make your financial journey easy, allowing you to seamlessly achieve your wealth creation goals.

Here are the various ways a bank can help you manage your wealth.

 

  1. All-Round Financial Help

Wealth management is critical for better financial health, but not all investors have adequate knowledge or expertise. Banks offer their expertise to the clients, examining historical investment trends to minimise risk. They collect data, analyse information, identify financial goals, develop investment strategies, helping you make sound investment decisions.

Since banks have a 360-degree view of their client’s finances, they offer customised solutions to cater to your personal as well as business financial needs – from wealth creation to retirement planning to financing your business. Keeping in mind your risk preference and investment objectives, banks help you select the right investment products through quantitative and qualitative product evaluation research.

 

  1. Easy Investment Options

In this digital era, most banking partners offer you simple and convenient ways to make investment choices. Through an online investment platform, you can choose, research, and invest in a number of securities in just a few clicks. What’s more, you have access to several investment options and asset classes, including-

  •       Alternative Investment Funds
  •       Mutual Fund and SIP schemes
  •       Direct Equity
  •       Structured Products
  •       Bonds

Further, many banks also offer an online portal or mobile app where you can monitor your investment’s performance in real-time, learn more about investments and plan your wealth to reach your financial goals with ease. Rest assured, banks make investing fast, secure, and paperless.

 

  1. Online Investment Account

Need a better hold on your investments? Open an online investment account with your bank. For instance, IndusInd Bank’s online investment account comes with a built-in profiling functionality to determine your risk tolerance. You can open an investment-ready account through a hassle-free sign-up, and the bank will help you select suitable investment options.

With an investment account, you can also receive instant e-mail alerts of any activities on your account. Thus, ensuring your investments are safe at all times.

 

  1. Convenient Financial Management

Navigating the ins and outs of the financial market can be challenging, but banks, as wealth managers, can simplify this by offering a complete view of the market. From asset allocation and accounting services to strategic tax planning and portfolio reporting and analysis, your banking partner is with you every step of the way.

By offering a 360-degree view into your existing holdings, past investments, and realised profit or loss, banks and their wealth management services allow you to take smart financial decisions for wealth maximisation.

 

In Conclusion

Wealth management is an art, something that requires accurate knowledge of the market and hands-on experience in navigating the ups and downs. And having a reliable partner by your side can ensure financial success.

IndusInd  PIONEER offers IndusSmart, an online wealth management portal that allows you to make intelligent investments, manage wealth, and stay up-to-date with the financial world. If you’re looking for a credible banking partner for wealth management, check out their website for more details.

 

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