An exclusive interview with Soumya Sarkar, Co-Founder of Wealth Redefine, a boutique Mutual Fund Distribution Firm
Soumya Sarkar is a Finance professional with a wealth of experience in the field. With more than a decade of expertise, Soumya has successfully managed financial assets valued at over Rs 300 crore.
Areas of specialisation encompass a wide spectrum of financial domains, including Private Equity, Bonds, Equity Research, Technical and Fundamental Analysis, and Mutual Funds.
Soumya’s journey in the finance industry has been enriched through tenure with various international banks, contributing significantly to both domestic and international projects.
Professional experiences include valuable stints with renowned institutions such as HSBC and Standard Chartered, where a deepened understanding of behavioural finance and investment management took root alongside honed skills in financial management.
In the current role as the Founder of Wealth Redefine, Soumya oversees a team of dedicated professionals and caters to the financial needs of esteemed clients both in India and abroad. Wealth Redefine operates in a multifaceted capacity, offering services that include Personal Financial Advisory, Mutual Funds, Incidental Advice etc.
His Educational background complements the professional journey, with an MBA in Finance and Marketing, along with a Bachelor’s degree in Accountancy from St. Xavier’s College, Calcutta. Soumya Has successfully completed Management Development Program from NSE academy, Certified Financial Goal Planner Certification from American Academy of Financial Management, Retirement Readiness Certification from CIEL and Practicing Goal Planner Certification from PGP Academy.
During his tenure at Standard Chartered Bank, Soumya was responsible for portfolio management, forex management, and investment strategies. A crucial role was played in understanding the core banking needs of High Net Worth Individuals (HNIs), devising strategies to meet their financial objectives, and managing their risk profiles. Additionally, active contribution was made to some of the bank’s most significant deals in the realm of portfolio management.
At HSBC, an integral part was played in client acquisition strategies, focusing on understanding the requirements of Premier Banking clients. Responsibilities extended to investment banking and core financial products. Collaboration with senior bankers to formulate strategies for high-end portfolio management was also undertaken.
Dedication to the financial sector, combined with a diverse skill set and comprehensive experience, has allowed Soumya to deliver exceptional value to clients and organisations throughout his career. Commitment remains strong in redefining wealth management and helping clients achieve their financial goals.
Can you provide an overview of Wealth Redefine and the unique value it brings to the mutual fund distribution industry?
Soumya Sarkar: Wealth Redefine, established in 2013, is a distinguished Mutual Fund distribution firm based in Noida, India. What sets Wealth Redefine apart in the mutual fund distribution industry is its focus on goal-based financial planning.
We offer a wide range of financial instruments, including Mutual Funds, services related to Mutual Funds, Corporate FDs, and complex financial solutions. With a portfolio exceeding 3000 million in wealth categories, we serve not only various parts of India but also international clients.
Wealth Redefine’s unique value lies in its customer-centric approach. We prioritize the needs and goals of our clients, providing personalized financial solutions. Our scientific approach to investing, backed by thorough research, ensures that clients can make logical and informed investment decisions, ultimately maximizing their returns.
Transparency and smooth execution of transactions through our online platforms further enhance the overall client experience.
What inspired you to co-found Wealth Redefine, and what was the vision behind establishing this firm?
Soumya Sarkar: The inspiration behind co-founding Wealth Redefine was the belief in the transformative power of regular investments and savings to create a brighter future. Our vision was to provide a seamless and joyful investment journey to clients, empowering them to make informed decisions.
I wanted to solve the problem related to personal finance and prioritize the customer’s needs and offer logical, research-driven investment solutions.
Mutual fund distribution is a competitive field. How does Wealth Redefine differentiate itself from larger firms and financial institutions?
Soumya Sarkar: In the competitive field of mutual fund distribution, Wealth Redefine differentiates itself through its customer-centric approach, investment strategies, and commitment to transparency. Larger firms often lack the personalized touch that we provide to each client.
Our focus on research and logical investment choices sets us apart, ensuring that clients can trust us with their financial goals.
Financial literacy and education are important in the investment landscape. How does Wealth Redefine educate and empower its clients to make informed investment decisions?
Soumya Sarkar: Wealth Redefine places a strong emphasis on financial literacy and education. We educate and empower our clients through research-based insights, regular updates, and expert guidance. Our goal is to ensure that clients have a clear understanding of their investments and can make informed decisions that align with their financial objectives.
The mutual fund industry has evolved over the years. How does Wealth Redefine stay up-to-date with the latest market trends and fund offerings?
Soumya Sarkar: To stay up-to-date with the latest market trends and fund offerings, Wealth Redefine relies on a combination of expert analysis and continuous monitoring. We keep a close eye on market developments, new fund offerings, and economic trends. This allows us to adapt our investment strategies to provide the best options for our clients.
What criteria do you use to select and recommend mutual funds to your clients? How do you tailor investment strategies to their specific financial goals?
Soumya Sarkar: Our criteria for selecting and recommending mutual funds are rooted in the client’s financial goals, risk tolerance, and investment horizon. We tailor investment strategies to each client’s specific needs, ensuring that their portfolio aligns with their long-term objectives.
How does Wealth Redefine prioritize transparency and ethical practices in its operations and interactions with clients?
Soumya Sarkar: Transparency and ethical practices are core principles at Wealth Redefine. We provide clients with online access to their portfolios, ensuring they can monitor their investments at any time and we prioritize the best interests of our clients in all interactions.
What do you believe sets Wealth Redefine apart from other mutual fund distribution firms, and how do you plan to maintain that competitive edge in the industry?
Soumya Sarkar: What sets Wealth Redefine apart is our commitment to our customers and our approach to investing. We plan to maintain this competitive edge by continuously improving our services, staying at the forefront of financial research, and adapting to evolving market dynamics.
What advice would you give to individuals looking to invest in mutual funds or considering Wealth Redefine as their distribution partner?
Soumya Sarkar: For individuals looking to invest in mutual funds or considering Wealth Redefine as their distribution partner, my advice is to prioritize your financial goals and seek expert guidance. Wealth Redefine is here to help you navigate the complex world of investments, offering research-based solutions and personalised services to help you achieve your financial objectives.
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