Investment planning for high net worth investors has evolved a lot over the last few years. While earlier we saw investment being advised by the family accountant, the planning was largely opportunistic and reactive. It rarely took into account the macro economic environment and was largely concentrated in a few asset class options. This practice has undergone a sea change with the emergence of two factors – availability of asset class options and the emergence of a structured wealth management system.
As investors increasingly explore newer avenues for investment, the importance of Asset Allocation is touching a new high. What exactly does Asset Allocation entail, and how does it add value to one’s portfolio? Ms. Oisharya Das, Head West India and NRI – Wealth Management Services, gives us a bird’s eye view on this important financial planning tool.