Nitesh leads Elara Wealth and has over 25 years of experience in the financial and banking industry, with a deep knowledge and understanding of financial markets. Previously, he has designed efficient strategies for various organisations and ventures by assisting them with their business development and capital raising requirements. Nitesh has a master's degree in Business Administration (Finance) and is a qualified Cost Accountant.
In recent years, the wealth management industry has witnessed a massive transformation. The coming of age of a new type of client, the emergence of new digital technologies, evolving expectations, dramatic shift in the way the businesses are run, emergence of new risks, inter-generational transfer of wealth and fresh paradigms of wealth generation are constantly pushing wealth managers to come up with out-of-the-box solutions.
At Elara we are in step with the fast changing economic environment and have designed our team and processes accordingly. One factor of which is our deep-dive into ESG integration with a view to better manage downside risks, ferret growth insights and above all help investors align their portfolios with their values.
The truth of the wealth management industry is that the client base is getting younger, while financial advisors and wealth managers are not. A recent study conducted by Ernst & Young identified that only 22% of wealth managers today are under the age of 40. At Elara Wealth we are building a hybrid team that has the energy and innovation of the youth, and the experience and resilience of the veterans. The youth understand and can spot early opportunities in the new-age economy, while the veterans help whet the opportunity analytically and together we have a balanced view.