Waterfield Advisors, a multi-family office and wealth advisory firm, announced on Thursday that it had raised $6 million from single-family offices, ultra-high net worth individuals, and existing investors in a funding round.
Waterfield will use the funds to expand its team across the organisation, invest in technology, strengthen its investment advisory platform across listed and unlisted investments, and expand its presence in Singapore, the United Kingdom, the United States, and the Middle East to become the preferred wealth partner for global Indian clients.
“Over the past 10 years, we have strived to be the standout financial advisory firm in India, deeply committed to ensuring a no conflict-of-interest approach in all our client dealings. India is at a very exciting stage in terms of wealth creation and we will see unprecedented growth in the number of wealthy individuals over the next few years, who need curated global services. Our fund raise is rightly timed to help us further build out our capabilities to scale our platform and serve clients holistically across geographies,” said Soumya Rajan, Founder and CEO, Waterfield Advisors.
The total assets under advisory at the firm exceed $4 billion. Waterfield Advisors is also expanding its board of directors as part of the raise.
Peter Flavel, Chief Executive Officer of Coutts & Co and Chief Executive Officer of the NatWest Group’s Wealth Businesses, UK, and former Global Head of Private Banking for Standard Chartered Bank; Thomas Barry, President and CEO of New York-based Zephyr Management L.P. and former CEO of Rockefeller & Co, the Rockefeller family’s investment arm; and Mukund Rajan, Chairman of ECube Investment Advisors Limited and former Brand Custodian for Standard.
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