IIFL launches IIFL-ONE for HNIs

By Morningstar |  28-09-18 | 
 

IIFL Investment Managers has launched a new platform IIFL-ONE that institutionalizes a range of investment options for clients under transparent “All-in-fee” structure.

One of the biggest challenges for an UHNI & HNI client is to decipher the net of fees alpha/value-add and going past the opacity of total expense ratio including asset manager fee and wealth manager fee/brokerage. Towards addressing this growing concern and to enhance client experience through better transparency, IIFL Investment Managers has designed customized portfolio management offerings: MANDATE and CONSULT under the IIFL-ONE platform.

Under IIFL-ONE, HNI clients will be offered institutional grade portfolio management processes and portfolio discipline for their personal portfolios at very competitive all-in-fee, coupled with host of privileges like access to preferred lending terms, wealth structuring and estate planning services. The initiative will bring down the overall cost paid by the client in the long run, as well as eliminate the incentive to churn the portfolio completely bringing tremendous alignment with client’s requirement.

Over the last year, IIFL Investment Managers has pilot-tested IIFL-ONE portfolio management offerings with their select clients. Owing to the unanimous positive feedback, IIFL Investment Managers has now launched this platform to all of its clients. Through this initiative, IIFL Investment Managers aims to re-define client engagement for wealth management in India.

To strengthen the IIFL-ONE offering, IIFL Investment Managers has carved out a separate delivery team under Sandeep Jethwani (Managing Partner and Head-Advisory) and a separate asset management team under Mr. Umang Papneja (Senior Managing Partner and Head- Products).

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