Findings

It is always going to be a win-win situation for the investor and the amount invested under wealth management. Now especially with the advent of technology that communication time gap has reduced itself to being almost real time. That means zero loss of time. Moreover thousands of crores of rupees can be transacted upon with efficiency and no hitches of procedural delays. These mediums are reliable, fast, smart and intelligent. The advent of technology is what has been the main crusader towards enriching India.

Technology has facilitated demat accounts which I think is a major hurdle that has been overcome. Through demat now millions of transactions are possible through a single person which was unthinkable until recently. It would generally take days on end to process only one transaction.

Apart from that millions of dollars are saved on a daily basis only saving the ink and paper which would have otherwise been used.

Not deviating from the topic however if we talk about wealth management, it is an awesome tool to save time and money. The beauty of it is the more you employ wealth management strategies the more time you will save in earning that much money and you’ll consequently save money in the process. It is like a dynamic system where the growth of the money is not a linear addition terms but mostly in multiplicative terms.

Most companies may just perish due to not knowing how to manage their own funds. Dell for example came to a point in existence where Michael Dell didn’t know what to do and how simply because his profits were soaring and the company was expanding almost uncontrollably. At that point it not only becomes should-be-managed thing but a necessity. There have been instances where people and companies have been able to bail themselves out of situations only on the basis of the returns accrued due to the wealth management.

There is a very thin line between resource allocation and wealth management. In resource allocation one makes money more manageable whereas wealth management makes sure that one allocates the money to the right channels and gets a benefit out of it.

Today retirement has become a major concern. Today people are deciding to retire earlier and most will not have enough only on savings to last them their entire remaining life. Today I think it has become more important for the youth of the nation to recklessly indulge in wealth management. This will not only take care of his retired life but also enable extra income currently and may help in times of sudden crisis that develop during the course of one’s life time. Any individual’s needs for more income are undying. A youth may have a wife in the very near future. Then kids. More and more money will be required to lead a comfortable life in the future. Especially in an age of rising cost of living and cost of education.

Though wealth management, share markets, insurance, finance may sound scary (at least for the 60-80% of the people who fear numbers), the fact is it is not all that difficult. it may sound complicated at the beginning but once you get the hang of it you will almost laugh at yourself. I say this because I would always maintain a safe distance from anything related remotely to something as monstrous as finance. But then I realized that money itself is the source of survival, livelihood and the very basis of why anyone would or should work. And one day everyone has to deal with money. Dealing with money doesn’t start and end at any given points. It starts and goes on. So might as well be prepared when it is inevitable.