Angel One infuses Rs 250 crore into wealth management arm
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.
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The investment will be allocated to enhance technological infrastructure, leverage artificial intelligence (AI) and analytics, and expand the firm's presence in key markets. Additionally, Angel One Wealth plans to develop curated, expert-led product strategies and suites, the company said on Wednesday.
“We want to reimagine wealth management for India’s HNIs and UHNIs on the bedrock of deep domain expertise and the power of technology. We are happy to have the strategic backing of Angel One in this journey, leveraging their technological prowess,” said Srikanth Subramanian, managing director and chief executive officer of Angel One Wealth. “We are building an omnichannel solution that will enhance 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 investment products across asset classes, provide technology-driven client accessibility, and support clients through relationship managers, it added. The team includes around 60 wealth managers,
