Table of ContentsIntroduction to the IndustryAchieving Short and Long Term Financial Goals.Retirement PlanningWealth First as an OrganizationIntroduction to the IndustryIndian Wealth Management Industry Heritage has seen growth in recent times. Of the 8% of the country's population who hold more than 45% of the wealth, commonly known as High Net Worth Individuals (HNI), only 20% of them take advice from a wealth management company to manage their assets. Say no. to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an Original Essay Due to the constant increase in the number of HNIs, the need and demand for Asset Management Companies (AMCs) has also increased. This has opened up investment opportunities and also accelerated and sustained the flow of money in the economy. Asset management is not limited to physical or financial assets but also extends to tax planning. . This helps the individual reduce the tax burden and motivates him to invest more. This is very important for people engaged in regular investments and having more than one source of income. This is the most crucial element for investors and must be maintained or taken care of properly by the wealth management organization. Before approaching a wealth management company, this is the clarification that an investor must provide to the organization. Answer financial questions with short and long term goals. From buying a car to buying a house, wealth planning is the most important factor which is the need for money over the period of time . In other words, money for a child's education, buying a car, buying a house, etc. For each type of needs with different deadlines, it takes proper planning and execution to succeed. Rome was not built in a day. Creating wealth takes a lot of time and patience. It takes a while for money to turn into wealth. It all starts with a small investment and then invest regularly at the right time in the right plan or scenario and furthermore manage it in such a way that it is nourished and oriented properly so that it can be fruitful in the long term. 'future. Retirement Planning Talking about the future of retirement planning is something that everyone faces and everyone needs to plan in advance what they are going to do for the future i.e. source of income on a regular basis, emergency finds, health-related funds, etc. Wealth management helps in the proper classification of all these activities and helps people relax in the present while their wealth is managed for the future. Tier 1 cities have already accepted the era of asset management that seeks expert advice in order to distribute their wealth and increasing awareness in tier 2 and 3 cities. However, there are far fewer of them to participate in it. On the contrary, with the increase in the number of financial products and services, there would also be an increase in the number of investors and people consulting asset management. The wealth management sector is quite broad and has also opened up the employment and knowledge cells simultaneously to the increase in the circulation of money in the economy as well as to the increase in systematic and long-term investments term. This will lead to growth in market capitalization which will ultimately impact the growth of the economy. Therefore, the study of the market and industry will give better insight and knowledge and furthermore improve the demands.