Deloitte Projects Wealth Management Market Growth Amid Advisory Shortage in India
What happened
Deloitte projects that the addressable assets in India’s wealth management market will rise from $1.1 trillion in 2023-24 to $2.3 trillion by 2028-29. As of June 2026, India had 13.2 crore registered investors, but only 977 Securities and Exchange Board of India-registered investment advisers and 3.4 lakh MFDs were recorded as of March 2026. As of December 2025, 3,534 CFP professionals were serving the market.
From indiatimes.com
Why it matters
The disparity between the number of investors and certified financial planners highlights untapped potential in the financial advisory market. The report notes that India’s economy is maturing and wealth is growing faster than the pool of certified financial planners, making professional guidance increasingly necessary.
From indiatimes.com
Who's involved
- DeloitteProjected the growth of the wealth management market.
- Securities and Exchange Board of IndiaRegisters investment advisers and monitors the financial market.
- S P Jain School of Global ManagementOffers a Master’s degree in Applied Finance & Wealth Management.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- S P Jain School of Global ManagementSpeculative
The growing demand for financial professionals might increase the market for specialized education.
- ScripboxSpeculative
Increased market complexity and wealth creation could drive higher demand for investment platforms.
Keep exploring
The entities involved
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Deloitte
multinational professional services network founded in 1845
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Scripbox
Nothing else this week.
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Securities and Exchange Board of India
registration authority