Reliance Money, the financial services arm of the ADAG Group has finally launched its wealth management services in the country.

Reliance offerings will include equity-linked portfolio management, tax planning, art advisory and real estate. So far, wealth management services in India mainly include investment in equity-linked portfolio management services, structured products, insurance and mutual funds.

However, the wealth management platform with a host of unique features would be only available to high net-worth individuals having investible surplus of over Rs 25 lakh.

Currently, high net-worth population of the country is nearly 1.3 million which is set to grow to 2 million in the next three years.

Further under its wealth management services, Reliance Money also plans to have a separate module to exclusively concentrate and cater to the financial planning needs of senior citizens.

The company will launch its wealth management services across India with a focus on retail clients, through its network of over 10,000 plus retail outlets across 5,000 plus towns and cities.

The company also plans to expand its operations in over 15 countries spread across Europe (London), North Africa, the Middle East and South East Asia by 2009.

Reliance Money has posted revenue of Rs 240 crore in the year ended March 2008. The company expects 15% of its revenue coming from the new business in next three years.