A business owner sells a company built over three decades. The money reaches the bank account, but a difficult question soon follows: how should such a large amount be invested, protected and eventually passed to the next generation? Placing everything in shares or fixed deposits is no longer enough.
This is where wealth management companies become important. They help affluent individuals, business families and professionals organise investments across equity, debt, real estate, global markets and alternative assets. Many also assist with retirement planning, tax coordination, succession, trusts and family governance.
The following ranking considers assets managed or advised, client reach, investment capabilities, reputation and the depth of services offered to high-net-worth and ultra-high-net-worth clients. Since companies report AUM, assets under advice and relationship value differently, this is not a strict size-only ranking.
1. 360 ONE Wealth
360 ONE Wealth, formerly known as IIFL Wealth, is one of India’s largest independent wealth management firms. The wider 360 ONE group managed approximately ₹6.74 lakh crore by March 2026, including recurring and transaction-related assets.
It primarily serves entrepreneurs, wealthy families, senior professionals and corporate treasuries. Its services cover portfolio advisory, mutual funds, PMS, alternative investment funds, private credit, estate planning and family-office solutions.
The company’s strong alternative-investment platform and focus on ultra-HNI requirements distinguish it from mass-market investment distributors. Its strategic association with UBS has also strengthened access to international wealth-management capabilities.
2. Kotak Private Banking
Kotak Private Banking is the wealth management and private banking division of Kotak Mahindra Bank. It has served wealthy Indian families, entrepreneurs and senior executives for several decades.
Its offerings include investment advisory, lending, estate planning, family-office services, succession planning and access to domestic and international investment products. Clients also benefit from the bank’s expertise in asset management, insurance, capital markets and investment banking.
Kotak’s combination of traditional relationship banking and advanced wealth solutions makes it one of India’s strongest choices for families requiring investment management as well as broader financial services.
3. Nuvama Private
Nuvama Private forms part of Nuvama Wealth Management, previously associated with Edelweiss. The group reported total client assets of approximately ₹4.52 lakh crore by March 2026, although only part of this amount belonged directly to its private wealth business.
The company serves affluent, high-net-worth and ultra-HNI customers through separate wealth platforms. Its product range covers mutual funds, bonds, PMS, AIFs, structured solutions, estate planning and capital-market opportunities.
Nuvama’s research capabilities, extensive product selection and presence across wealth management, asset services and capital markets give it a broad view of investment opportunities.
4. HDFC Bank Private Banking
HDFC Bank Private Banking combines wealth management with the banking strength and nationwide reach of HDFC Bank. It caters to business owners, professionals, senior corporate executives and wealthy families.
Clients can access portfolio advisory, mutual funds, bonds, insurance, structured solutions, lending facilities and succession-related assistance. Its banking integration makes cash management, borrowing and investment reporting more convenient.
HDFC’s large branch network also helps it reach wealthy customers beyond the biggest metropolitan cities. It is particularly relevant for clients who prefer to keep their banking, borrowing and investment relationships within one established institution.
5. ICICI Private Banking
ICICI Private Banking is the premium wealth management platform of ICICI Bank. It provides investment and banking services to HNI and ultra-HNI clients in India and, through associated services, certain overseas customers.
Its product selection includes mutual funds, fixed-income securities, portfolio management services, alternative investments, insurance and international investment opportunities. It also provides specialised banking and lending facilities.
The wider ICICI Group’s presence in banking, securities, asset management and insurance gives the platform a comprehensive product ecosystem. Customers should nevertheless examine whether recommendations favour related group products or represent a broader market selection.
6. Axis Bank Burgundy Private
Burgundy Private is Axis Bank’s private banking service for wealthy individuals and families. It provides investment advisory, banking, lending and lifestyle-related services through dedicated relationship teams.
The platform offers mutual funds, bonds, PMS, AIFs, structured products, insurance and selected global investment options. It has also been expanding in high-growth non-metro cities where the number of affluent business owners is increasing.
Burgundy Private may suit customers who want premium banking combined with professional portfolio guidance and consolidated reporting.
7. Motilal Oswal Private Wealth
Motilal Oswal Private Wealth is the high-net-worth wealth management arm of Motilal Oswal Financial Services. It benefits from the group’s experience in equity research, broking, asset management, private equity and investment banking.
The company provides investment advisory, mutual funds, PMS, AIFs, private-market opportunities, bonds and estate-planning support. Its private wealth client assets reached nearly ₹2 lakh crore during FY26.
Motilal Oswal’s research-oriented background can appeal to investors seeking deeper exposure to Indian equities and alternate assets. Clients must still ensure that the overall portfolio is sufficiently diversified.
8. Anand Rathi Wealth
Anand Rathi Wealth is one of India’s leading non-bank wealth management companies. Its AUM crossed approximately ₹1.06 lakh crore by June 2026.
The company mainly serves HNI individuals and families through structured asset-allocation strategies. Mutual funds form an important part of its business, along with selected fixed-income, market-linked and alternative products.
Anand Rathi Wealth emphasises simplified portfolio construction and long-term client relationships. It may suit investors who want a dedicated wealth manager without moving their primary banking relationship to another institution.
9. Avendus Wealth Management
Avendus Wealth Management serves more than 3,000 ultra-HNI individuals, family offices and corporate clients. Its managed assets exceeded $9 billion in 2026.
The company provides portfolio advisory, alternative investments, private credit, structured opportunities and family-office services. Its connection with the wider Avendus investment-banking and asset-management businesses can provide access to specialised private-market opportunities.
Avendus is particularly relevant for entrepreneurs and sophisticated investors who want to invest beyond conventional mutual funds and listed shares. Such products may carry higher risk, longer lock-ins and limited liquidity.
10. Julius Baer India
Julius Baer India is one of the country’s largest foreign wealth management providers. It forms part of the Switzerland-based Julius Baer Group, which specialises in private banking and wealth management.
Its Indian platform serves wealthy families, entrepreneurs and internationally connected investors. Services include investment advisory, portfolio management, financing solutions, estate-planning coordination and access to global markets.
Julius Baer is best suited to clients requiring an international investment perspective. Currency movements, overseas taxation and regulatory restrictions must be carefully understood before investing outside India.
How to Select a Wealth Management Company
A large AUM does not automatically indicate unbiased or superior advice. Investors should first understand whether the firm operates as an investment adviser, distributor, portfolio manager, broker or a combination of these.
Ask how the wealth manager earns money. Revenue may come from advisory fees, portfolio-management charges, distributor commissions, product margins or performance-linked fees. All costs and possible conflicts of interest should be disclosed clearly.
Also examine the experience of the relationship manager, portfolio-reporting quality, product-selection process and succession support. Avoid firms or individuals promising guaranteed market returns.
Frequently Asked Questions
Q: Who needs professional wealth management?
A: Wealth management is generally useful for people with multiple investments, business income, inheritance, complex taxation or succession requirements. Someone with a simple mutual fund portfolio may not require an expensive private wealth service.
Q: What is the difference between an AMC and a wealth management company?
A: An AMC creates and manages investment products such as mutual funds. A wealth management company studies the client’s complete financial position and may recommend products from several AMCs, banks and other providers.
Q: Does a wealth manager directly hold the client’s money?
A: Usually, investments remain in the client’s demat, bank, custodian or investment account. The wealth manager advises, distributes or manages the portfolio according to the agreed service. The arrangement should be confirmed before transferring any money.
Q: How do wealth management companies charge clients?
A: They may charge a fixed advisory fee, a percentage of assets, distribution commissions, performance fees or a combination of these. Investors should request a complete written cost statement before signing.
Q: Can a wealth manager guarantee returns?
A: No responsible wealth manager can guarantee returns from market-linked investments. Guaranteed-return claims involving shares, PMS, AIFs or mutual funds are a serious warning sign.
Q: How can investors verify a wealth management company?
A: Check the relevant SEBI registrations for investment advisory, portfolio management, stockbroking or other regulated activities. Bank-led platforms may also operate under RBI regulations. Investors should verify each legal entity and service separately.
