Anand Rathi Wealth is one of the leading non-bank wealth solutions firms in India. The company serves a wide spectrum of clients through a mix of wealth solutions, financial product distribution and technology solutions. It provides services primarily through its flagship Private Wealth (PW) vertical.

The company: (a) acts as a mutual fund distributor, registered with the Association of Mutual Funds in India. It distributes mutual fund schemes managed by asset management companies and earns distribution commissions on a trail basis from asset management companies; (b) purchases non-convertible market linked debentures (MLDs) and offers them to its clients and earns income from these sales. Therefore, the AUM of the Company comprises mutual fund schemes and other financial products such as bonds, MLDs and other securities held by clients in their own demat accounts. Further, the company does not include demat holdings of the clients in the AUM unless the client has also used the distribution service of ARWL or have bought MLDs through ARWL. As per the industry practice, all such assets kept in the demat account of the clients belong to the respective clients and indicate the value of their assets. Such assets are shown as the AUM of the Company. All decisions regarding purchase and sale of mutual funds and other securities are taken by the clients. The Company is not engaged in any portfolio management of its clients.

Business area of the company

Anand Rathi Wealth, registered AMFI as a Mutual Fund Distributor, has, since 2002, been in the business of Private Wealth, catering to high and ultra-high net worth individuals (HNIs & UHNIs).

Certifications, Awards and Accreditations

• 2012: Voted “The Overall Best Private Bank in India as voted by HNWIs” in AuM $1m-5m category in the Asiamoney Private Banking Polls 2012.
  
• 2015: Best Wealth Manager India Award - Capital Finance International, London.
  
• 2016: Best Wealth Manager India Award - Capital Finance International, London.
  
• 2017: Voted the Best Wealth Manager India by Capital Finance International, London.
  
• 2017: Ranked 34 in India’s Great Mid-Size Workplaces 2017 by HT Media Limited and Great Place to Work Institute India.
  
• 2018: Best Wealth Manager India Award - Capital Finance International, London.
  
• 2018: Great Place to Work - 2018 in the Small and Mid-Sized Organizations category, by the Great Place to Work Institute, India.
  
• 2019: Amity Corporate Excellence Award for Most Strategic Private Wealth Management.
  
• 2020: Fastest Growing Wealth Management Organisation by World BFSI Congress, 2020.
  
• 2020: Customer Service Excellence Award by World BFSI Congress, 2020.
  
• 2020: Great Place to Work -  2020 in the Small and Mid-Sized Organizations category, by the Great Place to Work Institute, India.
  
• 2021: Customer Service Excellence Award by World Leadership Congress & Awards, 2021.
  
• 2021: Great Place to Work - by the Great Place to Work Institute, India.
  

Major events and milestones

• 2002: ARFSL received the certificate of registration from the Association of Mutual Funds in India with respect to its mutual fund distribution business.
  
• 2008: The company entered into contractual arrangement with ARFSL to use their premises to commence overseas operations in Dubai; and expanded wealth operations in India by setting up office in Delhi.
  
• 2015: AuM of wealth management business of ARFSL crossed Rs 50,000 million.
  
• 2017: The company’s Subsidiary, AR Wealth Management Private Limited, acquired Freedom Wealth Solutions (involved in investment advisory business) and Ffreedom Intermediary Infrastructure.
  
• 2017: The company acquired the mutual fund distribution business of ARAL which ARAL had acquired from ARFSL.
  
• 2017: The company acquired the private wealth management business from Religare Wealth Management.
  
• 2018: The company expanded wealth operations in eastern India by setting up office in Kolkata.
  
• 2018: AuM of the company crossed Rs 150,000 million.
  
• 2019: AuM of the company crossed Rs 200,000 million.
  
• 2021: AuM of the company crossed Rs 250,000 million.