One of India’s leading Direct Mutual Fund platforms Orowealth has acquired the WealthTrust platform. This acquisition includes the products, services and all the users of WealthTrust platform and the announcement pertaining to this was made on 9 January.
Orowealth is a one-stop solution catering to the investment demands ranging from stock investments and direct mutual funds, to financial planning, goal advisory and more.
WealthTrust is India’s fastest emerging ‘Zero Commission Wealth Management’ platforms, aimed at making investments easy and hassle-free.
Prior to joining hands with Orowealth, WealthTrust’s team evaluated several partners and then chose Orowealth as the best option for its users, said Nisarg Gandhi, Co-founder and CEO of WealthTrust.
“We are confident that our clients will be in good hands as Orowealth has a proven track record of rewarding investors through a diverse line-up of award winning products,” he added.
“This amalgamation will help in complementing Orowealth’s Advisory prowess, crafting an industry-leading solution for wealth management,” Jasmin Gohil – Co-founder and CTO at WealthTrust.
The merger has now created a combined user base of 3 lakh registered users, and their assets under advisory (AUA) will be over 2000 crores.
“As a Direct Mutual Fund investment platform, we are always seeking opportunities to strategically grow our business. We are very pleased to have the opportunity to service WealthTrust customers, and will offer them the same industry-leading advisory and wealth management services that we provide to our own users,” said Vijay Kuppa, Co-Founder of Orowealth.