Choice Broking Expands Wealth Management Footprint with Arete Capital Acquisition This strategic acquisition significantly bolsters Choice Broking's wealth management division, increasing its total AUM nearly sixfold from INR 1,090 crores to INR 6,241 crores.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Arun Poddar, CEO and Executive Director of Choice International Limited|LinkedIn

Choice Equity Broking Private Limited (Choice Broking), a leading full-service brokerage firm and a subsidiary of Choice International Limited, has announced the acquisition of Arete Capital Services Private Limited (Arete), a wealth management firm with an Assets Under Management (AUM) of INR 5,151 crores.

This strategic acquisition significantly bolsters Choice Broking's wealth management division, increasing its total AUM nearly sixfold from INR 1,090 crores to INR 6,241 crores.

This marks a major step in Choice Broking's expansion strategy, enhancing its ability to provide a wider range of investment solutions and advisory services to an evolving client base.

Arun Poddar, CEO and Executive Director of Choice International Limited, stated, "The acquisition of Arete Capital Services is a key milestone in our journey to become a leading player in the wealth management space. With Arete's strong reputation and expertise, we are confident in our ability to deliver superior investment solutions and personalised financial planning for HNIs and institutional clients."

Choice Equity Broking Private Limited is a leading financial services firm offering equity, commodity, and currency trading. It focuses on delivering technology-driven investment solutions to retail and institutional investors.

Kamal Somani, Director of Arete Capital Services, highlighted the opportunities the merger brings, saying, "Arete Capital Services has always been committed to providing customised investment solutions. Partnering with Choice Broking allows us to expand our reach, leverage advanced technology, and create greater value for our clients."

Arete Capital Services specialises in wealth management, providing tailored investment solutions to HNIs and institutional clients, with a strong focus on long-term financial growth.

With this acquisition, Choice Broking is poised to deepen client engagement, scale its market presence, and introduce innovative wealth management solutions. The combined expertise of both firms is expected to enhance research-backed financial strategies and improve investor success.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Science & Technology

Why AI and Blockchain Are About to Transform the Way We Talk About Compliance

Artificial intelligence and blockchain technology will be the new cornerstones driving fintech compliance for growth.

Business News

Manhattan Co-op Board Denies Cash Offer in the Millions From a Top Influencer — Even in This Real Estate Market

Former LSU gymnast and social media star, Olivia "Livvy" Dunne, says she was one week away from getting the keys to her new apartment — but was rejected by the co-op board.

News and Trends

Reliance Retail Launches FMCG Brand 'Independence' In Gujarat

Independence includes diverse categories such as staples, processed foods, beverages, among other daily essentials

Growing a Business

Adapt or Fade — What Growing Companies Need to Know About Staying Relevant

Relevance isn't just about being seen. It's about being understood. And in a crowded, fast-moving market, that kind of understanding is one of the most valuable advantages any organization can cultivate.

Growing a Business

The Future of Work Is Flexible and Fractional — But It's Still Failing. Here's How to Fix It.

Technology has already dissolved geographic borders, while a new generation of workers has fundamentally redrawn the line between career and life. In this modern landscape, entrepreneurs can either cling to the "best practices" of the past or embrace a future built on flexibility and trust.