The New Era in Wealth Management and Retirement Solutions



Increased volatility in financial markets, lack of tools to evaluate financial products & risks associated with them, lack of financial literacy and behavioral biases are some of the reasons for lower proportion of savings into financial products in countries like India. Developed countries like the US and UK face problems of lower savings rate (or higher current consumption rate). As a result most of the people are not adequately prepared for their retirement. These issues were addressed by Hansi Mehrotra CFA, Hubbis, and Robert Stammers CFA, Director Investor Education, CFA Institute at two back to back sessions one covering Wealth Management and another Retirement Solutions. These sessions were organised by Indian Association of Investment Professionals (IAIP) and the Western India Regional Council of The Institute of Chartered Accountants of India (ICAI) in Mumbai.


Hansi talked about building an institutional investment framework for the wealth management. She highlighted on Mercer’s Approach of focusing on people & processes at investment management firms while evaluating performance as well as constructing portfolio.

According to Robert retirement security is a global financial issue which cannot be fixed overnight. Challenges include nudging people to save more and spend less. He highlighted the long term global effort by CFA Institute to shape a trustworthy, forward-thinking financial industry that better serves the society.

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