Mumbai-based stock broking firm Angel One has invested Rs 250 crore into its wealth management arm, Angel One Wealth, to cater to the expanding population of high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs) in the country.
The investment will be used to enhance technological infrastructure, utilize artificial intelligence (AI) and analytics, and expand the firm’s presence in key markets. Angel One Wealth also plans to develop curated, expert-led product strategies and suites, according to the company’s announcement.
Srikanth Subramanian, managing director and chief executive officer of Angel One Wealth, emphasized the firm’s vision of transforming wealth management for India’s HNIs and UHNIs by combining deep domain expertise with advanced technology. The company aims to build an omnichannel solution that enhances the value of a trusted wealth manager through digital infrastructure and new-age technology.
Angel One Wealth operates through three main verticals: HNIs, UHNIs, and alternative assets. The capital infusion will enable the firm to offer a wide range of investment products across asset classes, provide technology-driven client accessibility, and support clients through relationship managers. The team comprises approximately 60 wealth managers, investment professionals, and tech experts.
The firm has also established an advisory council, which includes industry leaders, a think tank, a product approval committee, and an investment committee.
In March, Angel One appointed seasoned wealth managers Shobhit Mathur and Dharmendra Jain as cofounders of Angel One Wealth, alongside Subramanian. The firm provides personalized investment advisory, portfolio management, and financial planning services using advanced analytics and technology. Clients have access to a diverse range of investment products, including equities, bonds, mutual funds, and alternative investments, tailored to the specific needs of HNIs and UHNIs.
Dinesh Thakkar, chairman and managing director of Angel One, stated that through Angel One Wealth, the firm aims to serve a wide spectrum of clients by leveraging technology and staying at the forefront of innovation. The team of seasoned investment professionals, led by Subramanian, brings strong domain knowledge and positions the firm to capitalize on the evolving wealth landscape.
