Wealth First Portfolio Managers Limited Company Profile: Products, Promoters and Clients

Wealth First Portfolio Managers Limited  Company Description:

Wealth First Portfolio Managers Limited is a comprehensive wealth management firm with a history spanning over three decades. Initially established as Dalal & Shah Financial Services Pvt. Ltd. in 1990, the company has evolved significantly, transitioning through various phases of market shifts and expansions. They pioneered selling direct bonds in the early 1990s and played a key role in developing the institutional bond market in India. Over the years, they expanded their services to include mutual funds, equity brokerage, insurance, and more, while adapting to market changes and safeguarding client wealth during financial crises .       

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Q1. What are the Product and service offerings of the company?

Wealth First Portfolio Managers Limited offers a wide array of financial products and services, including:

  • Products: Fixed Deposits, Treasury Bonds, Direct Bonds, Taxable & Tax-Free Bonds, Direct Equity, Mutual Funds, Pension Products, and Portfolio Management Services (PMS).
  • Services: Investment Strategizing, Asset Research, Trade-Execution-Broking, Inheritance Planning, Asset Allocation, Portfolio Review and Accounting, Retirement Planning, Tax Planning, Treasury Management, and International investment options .

Q2. Who are the Promoters/Management of the company?

Ashish Navnitlal Shah: Managing Director with over 30 years of experience in financial services, known for his expertise in client relationship building and team leadership.

Hena Ashish Shah: Whole-Time Director, specializes in mutual funds, equity markets, and government bonds with a background in finance and biotechnology.

Nirad Shah: Senior Vice President - Sales, has 20+ years of experience in financial services.

Nishil Pandya: Head of Business Development & Strategy, proficient in wealth management and investment strategies with over 10 years of experience.

Rakesh Shah: Chief Investment Officer, known for his expertise in equity, debt, and mutual funds.

Manish Kansara: Chief Financial Officer, brings 15+ years of experience in wealth management.

Swapneel Shah: Chief Operations Manager, responsible for daily operations and fostering a client-centric culture.

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Q3. Who are the Clients of the company?

Wealth First Portfolio Managers Limited serves a diverse and growing client base, totaling 19,549 clients with a 5% year-over-year growth. A testament to their client-centric approach, 66% of these clients have been with the company for over a decade, and 15% for 5 to 10 years. Their insurance premium book stands at ₹48 Crores, with fixed deposits totaling ₹183 Crores. The firm manages ₹4,448 Crores in mutual funds and portfolio management services, contributing to a total assets under advice (AUA) of ₹10,115 Crores. Additionally, clients have significant investments in direct equity (₹1,985 Crores) and bonds (₹3,410 Crores). This diverse portfolio underscores Wealth First's expertise in comprehensive wealth management and long-term client relationship building.Customer App, which has been downloaded 1,629,629 times, MML enhances access to financial resources and supports entrepreneurship among underserved communities, thereby improving their standards of living.

Written By:Khush Kothari

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