Mumbai, 3rd Feb 2022: Waterfield Advisors, India’s largest multi-family office and wealth advisory firm, announced today that it has closed a US $6 million funding round, from marquee single-family offices, ultra-high net worth individuals and existing investors.
Waterfield will use the capital to accelerate its growth – including expanding teams across the organisation, investing in technology, reinforcing the investment advisory platform across listed as well as unlisted investments, and building Waterfield’s international presence in Singapore, UK, US and the Middle East to become the preferred wealth partner for Global Indian clients. The company will also double down on brand and community building.
“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. I’m very pleased that our approach has resonated with clients as well as with our investors. 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.
Founded in 2011 by Soumya Rajan, Waterfield Advisors has emerged as the leading player in the Wealth Advisory space with a differentiated model that enables the clients of the firm to access services that are governed by merit and not conflict. The firm advises some of the largest business families of India with total Assets Under Advisory of over $4 billion.
As part of the raise, Waterfield Advisors is also expanding its Board to better reflect the firm’s domestic and global aspirations. Four eminent corporate leaders join the board. New board members include Mr. 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; Mr. Thomas Barry, President and CEO of the New York headquartered, Zephyr Management L.P. and former CEO of Rockefeller & Co, the investment arm of the Rockefeller family; Dr. Mukund Rajan, Chairman of ECube Investment Advisors Limited and former Brand Custodian of the Tata Group; and Mr. F Jeremey Mistry, Co-Founder and Director of Pali Hill Ventures and the Chief Financial Officer of Pegasus Digital Mobility Acquisition Corporation (NYSE: PGSS.UT).
About Waterfield Advisors
Waterfield is India’s largest Multi-Family Office and wealth advisory firm. We are registered with SEBI as Investment Advisors and work with family-owned businesses, trusts & endowments and single-family offices for their global investments and in non-investment related areas, including succession planning, family governance, and philanthropy. Our role is to provide holistic advice without a conflict of interest in all our dealings with our clients. Today the firm has six offices across the country in New Delhi, Mumbai, Chennai, Bengaluru, Kochi and Hyderabad; and works with several iconic business families in India, managing over US $4 Billion in financial assets (excluding promoter holdings) for these families.