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: –

Services: –

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

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 –

Where to open Wealth Management Account –

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.

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