Angel One infuses Rs 250 crore into wealth management arm

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 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.