Kolkata: Multi-Family Office and Private Wealth Management firm Client Associates inaugurated its first-of-its-kind experience centre at Camac Street in Kolkata, marking the completion of 15 successful years of operations in the city.
This milestone underscores the firm’s dedication to extending unbiased private wealth management and global investment opportunities to diverse regions, including Tier 2 cities such as Patna, Ranchi, Bihar, Jharkhand, Bhubaneshwar, North Bengal, and other parts of Eastern India.
In commemorating 15 years of excellence, Client Associates designates Kolkata as a regional experience centre for Eastern India. It serves as a sophisticated meeting space featuring a unique in-house golf putting, offering clients a central and distinctive experience.
This strategic move aligns with the firm’s vision to connect Tier 2 cities to Kolkata, providing a gateway for unbiased advice on private wealth and access to global investment opportunities.
Himanshu Kohli, Co-founder, Client Associates, said, “The enhancement of our Kolkata practice marks a strategic move to extend global investment opportunities and unbiased advice to tier 2 cities. We anticipate substantial growth in the segments of Ultra High Net Worth Individuals (UHNIs) and High Net Worth Individuals (HNIs) in Kolkata and the eastern part of India.”
Himanshu Kohli said, “The newly inaugurated office, located at Unit No. 302, 3rd Floor, 24 Camac Street, Kolkata, goes beyond being just a workspace.”
Vishal Bajaj, Director, Wealth, Client Associates, said, “As per the 2023 Rich Indians list by Hurun India, Eastern India has seen a remarkable 300% increase in affluent individuals over the last 4 years. Our internal study predicts a continued trend for the upcoming decade.”
Vishal Bajaj said, “Entrepreneurs and family businesses from West Bengal and neighbouring states are contributing significantly to India’s journey to a 5 trillion-dollar economy. Our new Kolkata office serves as a strategic focal point, acknowledging our critical role as a family office.”
Client Associates, managing assets under advice exceeding $5.3 billion, has a formidable presence across seven cities, including Gurgaon, Mumbai, Kolkata, Hyderabad, Chennai, Bangalore, and Kochi.
With over 1000 UHNIs and HNIs as clients, the firm plans to extend its footprint with 9 branches by 2030, adding 150 more team members and aiming for a team size of 400 plus.
In the next phase of growth, Client Associates envisions replicating similar experience centres in other cities, fortifying its commitment to providing unparalleled financial solutions. This includes establishing a new branch office in the eastern part of India.
