Federal Bank unveils WealthTech platform for UHNI clients

Federal Bank has launched a new wealth management platform and inaugurated its first dedicated Wealth Hub in Mumbai, signalling a deeper push into the affluent and ultra-high-net-worth individual (UHNI) segment as competition intensifies in India’s growing wealth market.

The move marks the next phase of the bank’s expansion in wealth management, building on a partnership-led model while developing an in-house franchise. The platform will provide clients with access to market research, portfolio advisory services, and a range of investment products aligned with varying risk profiles.

The investment offering includes fixed income, equities, mutual funds, alternative assets, and opportunities routed through GIFT City, reflecting increasing interest among Indian wealth clients in diversified and offshore investment options.

Alongside the platform launch, Federal Bank plans to establish a network of dedicated Wealth Hubs across key locations. These centres are designed to provide a private advisory environment where clients can engage with relationship managers and portfolio counsellors, review investment strategies, and access research insights across asset classes through both in-person and virtual consultations.

As part of the expansion, the bank will restructure its existing wealth management arrangement with Equirus Capital. While the structure of the partnership will evolve, customers currently receiving wealth services through Equirus will continue to do so without disruption under the current framework.

The bank retains an 8.69% stake in Equirus and said the two institutions will continue to collaborate in serving UHNI clients through selected products and services from the Equirus wealth platform.

The expansion reflects a broader trend among Indian banks to strengthen wealth advisory capabilities as the country’s affluent investor base grows and demand for structured investment services increases. Institutions are increasingly building dedicated platforms and advisory networks to compete with global private banks, independent wealth firms, and digital investment platforms.