Angel One CEO: Broking still core, but lending & wealth management growing

• Angel One's CEO states broking will remain a strong core, but lending and wealth management are growing and will drive future revenue.
• Regulatory changes, including increased STT and reduced options contracts, have impacted Angel One's broking revenue and profit in recent quarters.
• Angel One is diversifying into margin trading, lending, credit distribution, and wealth offerings as part of its long-term FY27 strategy, with AI at its core.
• The company is expanding wealth management access via Ionic Wealth and its AMC arm focuses on passive funds.
• Angel One is open to acquisitions and partnerships to explore new opportunities, as seen with investments like LivWell and Vested Finance.

Why It Matters: Angel One's diversification beyond broking signals evolving strategies for financial firms.