Rapid globalization is resulting into an economic transformation which was never envisionedbefore, which is leading to the rich and the mighty needing to outsource the management of their now heightened wealth. Wealth management in today’s times is a reality that incorporates financial planning, investment managementto solve and enhance the finances of an affluent individual or families or small-businesses in a consultative way.

Credence Family Office is a multi-family office which offers high end wealth management advisory, tax and legal advice, estate and succession planning, real estate management and other aggregated financial services. Founded in 2010 and headquartered in Bangalore, India, the firm caters to the financial needs of a niche set of clients globally with customized services for each of them. But as with all things good, success for Credence was not delivered to their doorstep. The Indian wealth management scenario was and still is in its infancy and trust deficitwas one of the biggest issues faced by the company and this is true for most wealth management companies looking to make a mark in the industry. Credence ventured out with a motto of being a financial trustee combining “services of a family advisor with the expertise of an investment firm. ”Considerable amount of time was invested in getting families on board with the idea of setting up a family office which could mentor the current and next generation, do value transfer, address important issues ranging from something as tacit as drawing up investment policy statements to setting up family counsels, dispute settlements. Alongside with it the pre-existing conventional models of wealth management did not fuse both the investor and the advisor interests.