IndexIntroduction to the IndustryAchieving short and long term financial goals.Retirement PlanningWealth First as an OrganizationIntroduction to the IndustryThe Indian wealth management industry has been on the rise in recent times. Only out of the 8% of the country's population holding more than 45% of the wealth, popularly known as High Net-Worth Individuals (HNI), 20% of these take the advice of any wealth management company for wealth management. to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get Original Essay Due to the constant increase in the number of HNIs, the need and demand for Asset Management Companies (AMCs) have also increased. This opened up investment opportunities and also accelerated and maintained the flow of money into the economy. Asset management is not limited to physical or financial assets but also extends to everything. Tax planning does not refer to tax evasion, it is planning the investment of income or assets in such a way that the tax owed to the government is minimal. It helps the individual reduce their tax burden and motivates them to invest more. It is very important for people who are engaged in regular investments and have more than one source of income. This is the most crucial part for investors and needs to be maintained or looked after properly by the asset management organization. Before approaching any asset management company, this is the clarification an investor needs to make to the organization. Meet your short and long term financing goals. From buying a car to buying a home, estate planning is the most important factor: your need for money over time. In other words, money for children's education, buying a car, buying a house, etc. For each type of need with different timeframes you need the right amount of planning and execution to be successful. Rome wasn't built in a day. Creating wealth takes a lot of time and patience. It takes a period of time for money to convert into wealth. It all starts with a small investment and then investing regularly at the right time in the right scheme or script and further managing it so that it gets proper nourishment and direction so that it can be fruitful in future. Retirement Planning Talking about future retirement planning is faced by one and all they must plan in advance what they will do for the future, i.e. source of income on regular basis, emergency supplies, health related funds, etc. Wealth management helps in the proper classification of all these assets and helps people relax in the present while their wealth is managed for the future. Tier 1 cities have already accepted the era of resource management that requires expert advice to distribute their wealth and growing awareness in tier 2 and 3 cities. However, the number of participants is much less. On the contrary, as the number of financial products and services increases, the number of investors and people who consult wealth management will also increase. The scope of the asset management industry is quite broad and has also opened cells for employment and knowledge simultaneously with the increase in the circulation of money in the economy and the increase in systematic and long-term investments. This will lead to a growth in market capitalization which will ultimately impact the growth of the economy. Therefore, studying the market and industry will provide better insight and knowledge and also improve the demands and needs of.