Angel One Wealth
Angel One Wealth
Angel One Wealth
News summary

Angel One Wealth (AOW) has announced a ₹250 crore investment to develop an omnichannel wealth-tech platform targeting High Net Worth Individuals (HNIs) and Ultra High Net Worth Individuals (UHNI) in India. This initiative aims to leverage AI and analytics to enhance technological infrastructure, expand market presence, and create tailored investment strategies. The HNI population in India is projected to grow by 16% annually, reaching 1.65 million by 2027, prompting AOW to offer a comprehensive range of investment products and technology-driven client accessibility. The company will employ a 60-member team of wealth managers and has set up various committees to guide its growth. Dinesh Thakkar, Chairman of Angel One, emphasized the importance of innovation and technology in meeting the evolving needs of affluent clients. This investment positions AOW to compete with established peers in the wealth management sector.

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