Choice Equity Broking Private Limited, a leading full-service brokerage firm and a subsidiary of Choice International Limited, has announced the acquisition of Arete Capital Services Private Limited. With an impressive Assets Under Management (AUM) of ₹5,151 crores, Arete Capital is a prominent wealth management firm specializing in personalized investment solutions.
This acquisition marks a major milestone in Choice Broking’s expansion strategy, increasing its total wealth management AUM nearly sixfold, from ₹1,090 crores to ₹6,241 crores. The acquisition enhances the company’s ability to serve High Net-Worth Individuals (HNIs) and institutional clients, providing them with a broader range of financial solutions and advisory services.
Mr. Arun Poddar, CEO & Executive Director of Choice International Limited, commented on the acquisition, stating, “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 personalized financial planning for HNIs and institutional clients. This move emphasizes our vision of offering technology-driven, research-backed financial solutions that empower investors to achieve long-term wealth creation.”
Mr. Kamal Somani, Director of Arete Capital Services, expressed his excitement about the acquisition, saying, “Arete Capital Services has always been committed to providing customized investment solutions that align with the unique financial goals of our clients. Joining forces with Choice Broking presents an exciting opportunity to enhance our offerings, leverage cutting-edge technology, and extend our reach to a broader investor base. We look forward to this new chapter that will unlock greater value for our clients and stakeholders.”
With the integration of Arete Capital Services, Choice Broking is poised to deepen its client engagement, strengthen its wealth management portfolio, and expand its market presence. This strategic acquisition reinforces Choice Broking’s commitment to delivering high-quality, technology-driven investment solutions for both retail and institutional investors.
