Avendus Wealth Management Private Limited is a large advisory firm based in Bandra(East) Mumbai. It manages $1.59 billion of regulatory assets for 792 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, New Jersey, New York, and Texas.
Avendus Wealth Management Private Limited provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as corporate finance advisory, fund management.
The assets under management (AUM) of Avendus Wealth Management Private Limited is $1.59 billion. The firm's AUM has grown by 1713% since the beginning of its operation, and $158.23 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Avendus Wealth Management Private Limited for their services and products based on a percentage of assets under management, fixed fees, commissions, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Ranu Rajkumar Vohra is corporations or other businesses with 135 clients and $1.21 billion of assets under management. Among the 8 most similar advisory firms, Avendus Wealth Management Private Limited has the highest percentage of corporations or other businesses out of all clients.
The amount of regulatory assets under management is $1.59 billion for 792 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 100% of the firm’s clients are foreign persons or businesses.
Avendus Wealth Management Private Limited doesn't advise any private funds.
The company employs 119 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Ranu Rajkumar Vohra has been acting as President since 1 Mar 2008. Aggarwal Kaushal Kumar joined the executive team most recently as the Director.
The principal office where Avendus Wealth Management Private Limited performs its advisory services is located at Il&Fs Financial Center, 6 Th Fl, Bandra(East) Mumbai, 400 051, which is also the mailing address of the firm. The firm also has an office outside of the United States.
You can reach the main office by calling the phone number +91-22-6648-0050 or by fax +91-22-6648-1440. The normal business hours are 9:30 am to 6:30 pm on Monday - Friday. You can find more information about the New York firm at avendus.com.