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of <h1>SEBI-registered portfolio manager launches FamilyOffice services for wealthy families with Rs 20,200 crore assets</h1> A financial services company appointed an individual as Chief Investment Officer for its new FamilyOffice offering targeting wealthy families. The SEBI-registered portfolio manager, which oversees over Rs 20,200 crore in assets, launched outsourced chief investment officer services to help high-net-worth individuals protect and grow their wealth through diversified portfolios of equities, debt, and commodities. The company has held a trademark for the FamilyOffice label since 2005 and previously managed allocations for sovereign wealth funds, pensions, and family offices. India ranks fourth globally with over 85,000 high-net-worth individuals, with Indian families controlling approximately USD 154 billion in assets as of 2024.
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