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StockHolding and ArthaYantra partner to launch online wealth management for the Indian Middle Class

IndiaNotes Team | 03 Dec, 2015  | Follow Author | Add to my Favourites 
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Stock Holding Corporation of India Limited (SHCIL), the premier financial products market place and ArthaYantra, India’s first and world’s only full- service Robo-Advisory, announce strategic partnership to launch online wealth management advisory services to India’s middle income group.


Through this partnership, SHCIL, owned by IFCI, plans to offer wealth management financial planning as a value added service across 180+ branches in India. ArthaYantra, winner of Red Herring’s Global Top 100 award, will also be offering personal financial advisory to SHCIL’s existing client base of 7 lakhs customers and prospects through its proprietary Robo-Advisory platform.


According to NGS Ramesh, CEO of SHCIL, “This partnership is in line with our vision of being a one-stop solution provider in the financial services domain. It completes the only missing piece in our product basket by offering online wealth management advisory.”


A first-of-its kind service offering, world-class wealth management advice will be delivered real time and completely online through ArthaYantra’s proprietary platform ARTHOS with the support of SHCIL’s large branch network. The online process provides advice across investments, insurance, loan & expense management by delivering an unbiased, comprehensive and customized portfolio. This will benefit customers by identifying, prioritizing and helping them achieve their personal financial goals.


“Wealth Management services are the exclusive privy of the rich, high network individuals (HNIs) and has 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.” says Nitin Vyakarnam, Founder and CEO of ArthaYantra.


With this tie-up, customers of SHCIL can opt for ArthaYantra’s online wealth management advisory at affordable prices. This partnership between SHCIL and ArthaYantra can be definitely seen as a revolutionary approach in taking wealth management advisory to the benefit of India’s middle class.


About StockHolding: StockHolding Corporation of India Ltd (StockHolding) was incorporated as a Public Limited Company in 1986. It is promoted and owned by leading Financial Institutions and Insurance Majors such as Industrial Finance Corporation of India (IFCI), Specified Undertaking of Unit Trust of India (SU-UTI), Life Insurance Corporation of India (LIC), General Insurance Corporation (GIC), New India Assurance (NIA), National Insurance Company Limited (NICL), The Oriental Insurance Company Ltd (TOICL) and United India Insurance Company (UIC), all leaders in their respective fields of business. StockHolding has Pan India network of close to 190 branches spread across more than 150 cities/towns. StockHolding has positioned itself as a market leader providing financial services over the last 26 years and holds Assets under Custody of Rs. 30 trillion, the largest in India.


Stockholding enjoys the trust of lakhs of customers- retail, High networth& Corporates; given its institutional status and has a proven track record of Process, Operational and Service capabilities. StockHolding provides Demat, Sub-broking, e-Stamping, Third Party Products distribution, Gold Accumulation Plans, and Document Management Systems. StockHolding is also a Point of Presence (POP) for National Pension System (NPS).


About ArthaYantra: A Financial Life Management Advisor, ArthaYantra is India’s first and world’s only full-service robo-advisor with over 70,000 customers across 600+ cities/towns in India and 30 countries across the world. A winner of the 2015 Red Herring Global Top 100 award, ArthaYantra’s vision is to make goal based customized financial advice accessible to all and it’s online platform, Arthos, replaces the traditional human financial advisor by connecting all aspects of an individual’s financial life. It helps them in setting realistic financial goals and creates/offers an unbiased, comprehensive and customized portfolio for achieving their set financial goals.

 




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