New Delhi, June 2 -- India's wealth management ecosystem is undergoing rapid transformation, with institutional trustees playing a pivotal role in safeguarding assets, enabling succession, and ensuring fiduciary compliance.

Yet, the regulatory framework governing institutional trustees remains fragmented and outdated, exposing the system to significant risks. As the volume of wealth under institutional trusteeship soars-estimated in the range of tens of thousands of crores-there is a pressing need to establish robust, uniform regulations to protect all stakeholders and foster sustainable industry growth.

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Institutional trustee services in the country are prima...