Small cities, towns drive demand for wealth managers
The wealth management landscape in India is experiencing a notable transformation as a growing number of firms, many of which initially began as boutique, urban-based entities, are now expanding their operations into tier-2 and tier-3 cities. This strategic shift is in response to the substantial increase in wealth within these regions over the past two to three years, thereby opening up new market opportunities for these wealth management companies.
Source: indiatimes.com