Nivesh has acquired wealth management platform Wealthzi and it is another step in India’s evolving wealth management segment. The acquisition is a gesture for the expansion for Nivesh and it is an entry into the advisory arena. It opens doors to high-net-worth individuals (HNIs) who seek more personalized financial guidance. It is an acquisition of registered investment advisory (RIA) licence of Wealthzi and this highlights an ambition to widen its product offerings as well as strengthen footprint among affluent investors.
The acquisition is learned to bring the team, brand and expertise of Wealthzi into Nivesh’s fold. It is to create a combined force that now manages Rs 2,500 crore in assets. It is a significant jump from Nivesh’s current Rs 2,000 crore. It hints at the company’s aggressive growth target of reaching Rs 10,000 crore in assets under management (AUM) within three years.
The acquisition reflects a broader trend in wealthtech where mergers and acquisitions are becoming more frequent. 360 One Wealth (formerly IIFL Wealth) recently acquired ET Money in a high-value transaction and it highlights the sector is evolving rapidly.
Nivesh founder Anurag Garg envisions the integration as a synergy that merges consumer-focused wealth services of Wealthzi with distribution strength of Nivesh. He said that combining direct-to-consumer wealth service of Wealthzi with the distribution platform of Nivesh will help in creating a formidable wealth alliance.
The acquisition is timely as the wealth management sector stands at an inflection point and ready for digital disruption. The expanded suite of advisory services of Nivesh now places it among the few wealthtech firms which are ready to serve both general investor and more sophisticated HNI segment. The move marks an important milestone for Nivesh and also highlights the broader promise as well as potential of India’s wealthtech landscape.
