ICICI Wealth Management and its features, advantages & objective

Before we know about ICICI wealth management, its features, advantages and objective, we try to understand what is wealth management.

 Wealth Management: – Wealth Management is a financial advisory service which simplifies the science of solving/enhancing situation for a person’s or a family’s financial as well as non-financial assets. From the financial advisor’s perspective, wealth management is the ability of an advisor or advisory team to deliver a complete range of financial services and products to an affluent client in a consultative way. Financial planning is just a first step in most cases. Wealth managers integrate this with tax planning, investment advice, estate planning and other services to help clients achieve their goals.

Theoretically, a wealth manager can provide every single financial product in existence.  In reality most wealth managers specialize in services and products they feel utmost comfortable with.

The term “wealth management” occurred at least as early as in 1933. It came into more general use in the elite retail and Private Client divisions of firms such as Goldman Sachs or Morgan Stanley before the merger of Dean Witter Reynolds in 1997 to distinguish those divisions services from mass-market offerings, but has since spread throughout the financial-services industry. 

ICICI Wealth Management: – It caters same way where it brings to you wide range of products and services designed to meet your unique banking, financial goals and investment needs. Under wealth management umbrella ICICI offers following major products and services: –

Products: –

  • Bonds Sovereign gold Bonds
  • ICICI Bank Bonds, GOI Bonds
  • Retirement Planning National Pension Scheme
  •  Corporate Fixed Deposits, Fixed Maturity Plan & Debentures
  • Insurance
  • Mutual Funds
  • Tax Saving Funds
  • Systematic Investment Plans
  • Online Investment
  • Saving Account
  • Current Account
  • Loan to Retails and Corporates
  • Insta SIP, Money Coach
  • Sukanya Samriddhi Yojana, PPF
  • Credit Card

Services: –

  • An account that delights you with rewards
  • Security and ease of Banking
  • Family Wealth Account
  • Share a wealth of privileges and tailor-made solutions with your family
  • Foreign exchange services
  • Demat Account
  • Investments
  • Wealth Rewards
  • Savings Account
  • Advisory Services
  • Financial Planning
  • Life Stage Planning
  • Research & Execution
  • Retirement Planning
  • Transaction Services
  • Taxation & Administrative Services
  • Relationship Managers

Eligibility Criteria to open ICICI WM Account –

Wealth Management Services are available for customer who is maintaining a Deposit and Investment Value (DIV) of minimum INR 25 Lakhs.

*Deposit and Investment Value comprises of

  • Savings and Current account balance
  • Fixed Deposits
  • Mutual Fund holding value
  • ULIP holding value

If anyone wants to open this account for below 25 lakh cheque than It depends on that branch representative. They need to take special approval to open wealth account and can process further.

Please note that the definition of DIV can be changed at any time at the discretion of ICICI Bank.

ICICI Wealth Management Advantages –

  • Experts for every need, best in class solutions from Team of Experts.
  • Exclusive Priority Service, Enjoy fast, simple and comfortable service experience.
  • Customised Investment Planning, Meet your investment goals at different stages of life.
  • Dedicated Relationship Manager, supported by a Senior Service Manager
  • Experience award-winning digital platform ICICIdirect.com with innovative features and products
  • Equity broking account with unique benefits like credit of funds within 30 minutes of selling stocks, Margin Funding at 8.9% P.A. to buy stocks and attractive brokerage plans among other features
  • Access to a dedicated Equity Dealer
  • Access to our award-winning equity research
  • Exclusive investment solutions including ETF baskets, Direct Mutual Funds, Fixed Income, Curated PMS & AIF, Real Estate, Unlisted Shares and many more
  • Family office & advisory services
  • Consolidated Portfolio Analysis – one view of portfolio across brokers at a family level
  • ESOP Funding at attractive interest rates
  • One Click Investment Basket carefully curated and research backed that help you power your investments
  • Overseas trading and offshore products
  • One of India’s top wealth managers, with HNI wealth over 1 trillion assets
  • Trusted by over 35,000 HNI families with the safety of ICICI Group
  • Robust risk management framework
  • Regular portfolio evaluation & monitoring, performance reporting and gap analysis

Where to open Wealth Management Account –

  • You can visit to your nearest ICICI Bank Branch and discuss with relationship manager to process.

Objective of ICICI Wealth Management – Grow your wealth, Grow your financial assets, Protect your wealth, Balance your investments with superior investment solutions. Manage your wealth via wide spectrum of products and services to assist you across a multitude of financial decisions.

Back to top button