New Delhi, July 14 -- Amid India's growing economy and rising high net-worth individuals (HNIs), a report by Jefferies noted that India's wealth management industry is likely to register strong growth in the coming years, companies expected to clock more than 20 per cent growth annually in their core business for next three years.

The report stated that healthy growth in the core wealth management (WM) segment is expected to continue, supported by opportunities to expand the client base, strengthen relationship manager (RM) networks, and improve productivity.

It stated "Leading WMs can grow +20 per cent in core wealth AUM (Assets Under Mangement) over the next 3yrs".

However, the report also noted that the high-net-worth individual (HN...