IIFL Wealth Management (IIFL W) bagged the prestigious ‘Financial Services Company of The Year’ Award at VCCircle Awards 2019. The winners were awarded on Thursday as part of the VCCircle India Limited Partners Summit 2019. The finalists were chosen based on the recommendation of an eminent five-member jury.
One of the fastest growing wealth management firms, IIFL W recently launched their new platform IIFL-ONE which aims to institutionalize a range of investment options for clients under a transparent “All-in-fee” structure. Towards the end of last year, IIFL W acquired two new firms - Bengaluru-based Altiore Capital and Chennai-based Wealth Advisors. Altiore Capital integrates technology, data and advice into an online platform that allows users to efficiently manage their net worth. With a strong presence in South India, Wealth Advisors offer services including private wealth management, family offices and investment advisory.
Commenting on this achievement, Karan Bhagat Founder, MD and CEO of IIFL Investment Managers said “We are both thrilled and humbled to have been selected as the Financial Company of the year. I am deeply thankful to all our stakeholders for their immense confidence and belief in us. We consider this award as a testimonial to the exceptional hard work put in by our team throughout the year. These recognitions constantly inspire us to serve our clients in a better way with customer centricity at the forefront.”
The annual VCCircle Awards, now in their eighth year, felicitate private equity and venture capital-backed companies in key sectors as well as investment funds, law firms and investment bankers.
