12 Years of Entrust Family Office! What's Next For Family Offices in India?

As India's economy continues to grow, so does the number of high-net-worth families seeking sophisticated financial solutions. Entrust Family Office, a leading multi-family office in India, is setting its sights on ambitious expansion plans for the next fiscal year, aiming to widen its footprint across major financial hubs and diversify its service portfolio.

The Bangalore-headquartered firm, which has been in operation for 12 years, is gearing up to establish its presence in Mumbai, Delhi, Pune, and Coimbatore. While Bangalore remains the company's strongest market, it anticipates significant traction in Mumbai and Delhi, reflecting the evolving demands of India's expanding affluent class. What's next for family offices in India? Let's explore with TICE.

A Growing Market for Multi-Family Offices

Wealth management in India has seen a paradigm shift over the past decade. As the number of ultra-rich families increases, so do the complexities of managing generational wealth. Multi-family offices like Entrust have emerged as a crucial support system, offering financial planning, risk management, estate planning, and business advisory services, among others.

According to industry insights, families with assets ranging from INR 50 crore to 2000 crore find it more efficient to engage with multi-family offices rather than manage an independent single-family office. The latter often entails regulatory complexities, high operational costs, and time-consuming financial management. Entrust aims to bridge these gaps by providing a streamlined and holistic approach to wealth preservation.

New Avenues in Wealth Management

In addition to geographical expansion, Entrust is also eyeing new verticals. The firm plans to explore alternate asset classes, facilitate international investments, and offer standalone support services to single-family offices. With an increasing number of Indian families looking at global investment opportunities, this move aligns with a broader industry trend of wealth globalization.

Over the past decade, Entrust has steadily expanded its service portfolio to include corporate trusteeship, in-house legal support, banking assistance, and CFO services. The company believes that providing these end-to-end solutions allows high-net-worth families to optimize their bandwidth while ensuring robust financial security.

The Road Ahead: Aiming for 3X Growth

Entrust currently serves over 75 families, offering tailored financial strategies that emphasize collaborative decision-making. The company’s philosophy revolves around long-term wealth preservation, ensuring that financial legacies are passed down seamlessly across generations.

With a strong emphasis on personalized financial solutions, Entrust aims to triple its client base within the next two years. This aggressive growth target reflects the increasing demand for structured wealth management solutions in India's evolving financial landscape.

As the company embarks on this new phase, its leadership remains committed to scaling its expertise and maintaining its reputation as a trusted partner for affluent families. The evolving Indian wealth ecosystem presents both opportunities and challenges, but with its deep-rooted financial acumen and strategic expansion plans, Entrust Family Office is positioning itself as a key player in shaping the future of wealth management in India.