International Money Matters

Each client portfolio is managed by a dedicated financial planner following the firm's central goals-based framework led by Founder & Managing Director Lovaii Navlakhi. Day-to-day management was transitioned to CEO Ranjani S. in 2018. Investment committees assess product suitability, but final discretion rests with the individual planner and client mandate.

IMM operates a fee-only model with a fixed annual retainer for financial planning. It does not accept commissions, trail fees, brokerage rebates, or referral payments from product manufacturers. Revenue is entirely client-paid, which is structurally distinct from most Indian wealth management firms.

No. IMM does not manage any pooled vehicles, portfolio management schemes, or proprietary investment products. It advises on third-party direct equities, mutual funds, fixed-income instruments, and insurance policies, and it provides real estate advisory without selling or managing real estate assets itself.

The firm's 2,000-plus client families are predominantly senior corporate executives, entrepreneurs, professionals, and non-resident Indians. Many clients come through professional referrals within the chartered accountant and corporate finance community, reflecting IMM's founder's own background as a CFO.

Unlike bank-owned or distributor-aligned wealth managers, IMM earns no revenue from product providers, which removes the incentive to recommend higher-commission products. The firm's planning-first approach means portfolios are constructed around client goals and cash-flow analysis, not around which products generate the highest distribution yield.

IMM's primary advisory scope covers publicly available securities and insurance. It offers guidance on alternative assets such as private equity and venture capital funds to suitable clients but does not make direct allocations or manage such assets. The firm maintains a fiduciary override that limits alternative exposure to what is consistent with a client's liquidity needs and risk profile.

IMM is registered with the Securities and Exchange Board of India as a Registered Investment Adviser, a status that requires it to act as a fiduciary and prohibits product-linked compensation. It complies with SEBI's RIA regulations, which mandate segregation of advisory and distribution activities.