Importance of having financial advisory services in India

1. Importance of having financial advisory services in India Not just in India but across the globe, the world economy took a major hit due to COVID-19 and was one of the major setbacks in the history of the global economy. The asset management companies in India and around the world, and every financial service had to chalk out a plan to be able to revive the economy. The asset managers had the task to help their clients out in getting back on top of their game. With the world economy taking a hit, the businesses all around the world also took a hit which directly, or indirectly, really affected each one of us and the business. Most nations had entered a lockdown and many businesses had to even pause for a little while. Some businesses, due to lack of a strong capital to fall back on, or due to incurring losses time and again, they had to shut down. How long was the savings going to suffice their business for a long time any way really? It is for times like these that having a strong wealth management or an asset management firm (for the business) really becomes important because then, you are doing the smart thing of taking help from professionals who main job is to help their clients increase their assets, returns on investments and also be prepared in times of crisis, such as this pandemic. More and more people slowly got aware of the importance of having good fund management and even investment banking in place. Investment banking, however, concerns bigger businesses and bigger firms. When it comes to wealth management or fund management, it simply means the process of allocating and also investing in different kinds of funds, in a way that they get maximum benefits and returns out of it when they mature. There are many different kinds of funds that people are advised to invest in. the long-only funds, hedge funds, long short fund, mutual funds are some of the examples that the financial advisory services advise their clients on. There are different kinds of assets that businesses or business owners actually invest in. The bigger assets such as property are ones that will take a long time to actually give you a bigger benefit. Several years sometimes. However, other kinds of assets that people invest in are shares, gold bonds, mutual funds (as discussed earlier) and so www.avendus.com

2. on. These are not only a little faster in giving you benefits, it also makes it easier to liquidate as well. Now, not every business owner is well equipped with this knowledge and hence, hiring asset management of wealth management company will surely help them get a little more clarity on how to go about with this. They get good amounts of returns from their investments and this can be used in future in case of any kind of crisis like the one we are facing now or even whenever they want to invest in something new. www.avendus.com