The Indian wealth management landscape is witnessing a seismic shift, and 360 ONE WAM is at the forefront of this transformation. But what does this mean for high net worth individuals (HNIs) and the broader wealth management ecosystem?
India's rapidly expanding HNI population and rising adoption of financial products through advisory-driven wealth platforms have created a long runway for doubledigit AUM growth for scaled players like 360 ONE WAM.
360 ONE has built one of India's strongest UHNI platforms, with wealth ARR AUM growing from ~INR580b in FY21 to ~INR2t currently, backed by continued efforts to enhance engagement and capture wallet share.
The improving ARR revenue mix (70%+) and stable flow momentum at 12-13% of opening AUM is likely to lead to ~1.5x growth in ARR AUM by FY28. This is a significant development, especially when considered in the context of the Indian market's historical behavior, where wealth management companies have typically seen steady growth in AUM during periods of economic expansion.
Acquisitions of B&K and ET Money, along with the UBS collaboration, have turned 360 ONE into a full-stack wealth ecosystem, strengthening client stickiness, diversifying revenue pools, and expanding addressable markets. This strategic move is likely to pay off in the long run, as it provides 360 ONE with a scalable digital funnel to acquire younger and HNI clients at a low cost.
From a trader psychology perspective, the growth of 360 ONE WAM is likely to attract more investors to the wealth management space, as the company's strong track record and diversified revenue streams make it an attractive bet. The Nifty and Sensex are likely to take cue from such developments, and investors should keep a close eye on the Bank Nifty, which has historically been correlated with the wealth management sector.
Follow us for more updates on the Indian market and wealth management space #WealthManagement #IndianMarket. As #Nifty continues to grow, investors should be cautious and do their own research before making any investment decisions.
Disclaimer: The views expressed in this article are for educational purposes only and should not be considered as investment advice. Investors should consult with a financial advisor before making any investment decisions.
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