Angel Broking plans expansion in Saurashtra-Kutch region

At the inauguration of the regional office in Rajkot, Angel Broking on Saturday announced its expansion plans for the Saurashtra-Kutch region. Officials of the firm also placed emphasis on tapping the wealth management potential across the region.

Dinesh Thakker, managing director of Angel Broking, said, "Our expansion plans for the Saurashtra-Kutch region are being drawn keeping in view the growing demand of investors in the region."

The brokerage will very soon open nine branches in towns and district headquarters across the Saurashtra-Kutch region, including Jamnagar, Bhavnagar, Junagadh, Amreli, Porbandar, Veraval, Surendranagar, Jam-Khambhaliya and Morvi, he added.

Thakker further said, "The company will provide its clients with services that will include equity trading, e-broking, portfolio management, portfolio advisory, commodity broking, IPO advisory and MF distribution." The expansion drive is being monitored and spearheaded by Vijay Popat, regional head, Saurashtra-Kutch region, he said.

Till now wealth management has been more or less co-related with the clientele comprising high networth individuals, but now the firm is planning to retail the wealth management services for every retail investor," Thakker said.

He said, "Market movements and corrections that we saw recently were necessary and healthy, making investment again attractive. So, we are perceiving long-term investments in future, wherein getting such domain expertise services becomes very much important for retail investors."

Again fundamentals responsible for the growth of economy and corporate earnings are intact, so one can think of investing in stock markets for long-term benefits. Secondly, domestic funds are also growing in parlance with FII funds, so this will automatically reduce the investor risk and will also induce retail investors into understanding the markets more and going in for safe long-term investments.

Now, here lies the big opportunity for Angel, as it can manage this very well through our wealth management services, Thakker said.

"We firmly believe in empowering investors with complete trading strength in terms of knowledge, and given that Gujarat has most market-savvy investors, we have carved out our business plans accordingly," he said.

Explaining how investors would benefit from Angel's wealth management programme, Popat said, "We have in place a team of 100-plus young dynamic executives including hardcore finance professionals, who with their expertise and experience would satisfy our customers with regard to every minute detail."

Secondly, expansion plans would give the broking firm an edge over its competitors and a strategic opportunity to offer varied services to the investors in the region, he added.