10
vritti
Technically Speaking
September 2017
D E M O C R A T I Z I N G
W
ALTH
MANAGEMENT
Why financial advisory is only for the privileged?
If we look at the Global wealth pyramid, ~86% of the wealth is owned by the
High net worth and above segment which is just 8.2% of eligible adult
population. The people in these segments are the ones who can afford to get
personalized advisory and wealth management services. The remaining
97.8% of the population consisting of the mass affluent and mass market
segment remain underserved due to number of reasons such as high
threshold levels for investment, high service cost, low transparency etc.