JRG Securities announced that it has started offering financial planning services to their clients. While the company has expanded its product offerings, it has also recruited 200 people to offer the new products and services to its customers.
They plan to add another 300 more staff during the current fiscal.
Addressing a press conference here last evening, JRG Group CEO, Mr Anand Tandon, said, “As a major broking company, we have taken up the task of expanding the market to reach out to all savers from 21 to 60 years, with special focus on women savers. Financial planning provides the right platform to cater to the various financial needs of the customer. We are also in the process of offering investment education to the public so that they will be able to ask the right questions and make the right decisions before investing their hard earned money.”
NRI customers
As part of wealth management business, JRG has also entered into real estate broking focused on NRI customers who look for value added services like property management.
At present, JRG has tied up with a mid-sized builder in Hyderabad and within six months will open offices in Chennai and Bangalore. Apart from the initiatives in the retail segment, the company has entered into commodity procurement supply chain services for corporate clients on the institutional side.
The market for this is business is estimated to be around $ 10 billion and we expect to emerge as a reliable intermediary for our corporate clients, Mr Tandon added.
The company has undergone several transformations since 2007, expanding into new geographies, adopting state-of-the-art technology, strengthening credit risk management systems, creating new products and strengthening client relationships through service focus, a press release issued here has said.