Authorised Partners can grow in leaps and bounds by partnering with the right brokerage firms and building a large network of clients. The future of Authorised Partners in India looks bright with the boom in markets.
Who is an Authorised Partner?
An Authorised Partner is a person who acts as an agent between a client or investor and the stock broker. The Authorised Partner is the bridge between the stockbroker and the investor. They help the client in managing activities such as transactions and paperwork.
Here’s a look at the job prospects of becoming an Authorised Partner:
Financial Prospects of Becoming An Authorised Partner
An Authorised Partner’s income depends on the pricing model of the broker.
Here’s a look at both models:
Percentage Pricing Model
Under the percentage pricing model, if a client purchases 10 shares of a company with the price per share being ₹100, the money earned by the Authorised Partner will be calculated by multiplying the total amount invested by a set number, such as 0.5, which would result in a transaction fee of ₹5. This predefined transaction fee is the amount earned by the Authorised Partner. It helps to have a wide client base as it will increase the total number of transactions.
How Can Income Be Increased?
Authorised Partners can increase their income based on the product range they offer. The product range can include equities, currencies, IPOs, or commodities. Having a wide range of services and products can increase your income.
Authorised Partners can also increase their income by building a large network of clients, following up with them, and guiding them in making new investments.
Conclusion
Your financial prospects and income as an Authorised Partner depend on choosing the right brokerage to partner with. Having a wide network of clients and deep, insightful knowledge of financial markets can also boost your income significantly. By partnering with the right brokerage, you can earn a commission for a lifetime through referrals and a revenue-sharing model.