Lakshmishree Investment Franchise / Sub Broker / Authorized Person / Partner ReviewLast Updated Date: Dec 02, 2022
Lakshmishree Investment Franchise is also known by Lakshmishree Investment & Securities Pvt Ltd. With a classic mix of enthusiasm and experience, they have been in the industry for over a decade now.
Although a Mumbai based corporation, they have been serving their clients with versatile financial offerings throughout the nation. Frankly speaking, they have been able to acquire a lot more than most corporations in a decade’s times.
However, their superb ability to succeed within a short span of time is not the topic of our discussion. In fact, we are going to review them as a franchiser based on several parameters.
We will do so to help you understand if Lakshimishree Investment Sub Broker Program is worth commencing business with. And, our list of reviewing parameters will include:-
- The gist of their origin story. This part will describe all about their place and year of incorporation.
- In-depth description of all the business engagement models they use to get worthy business associates.
- Revenue sharing model they like to utilize for distributing commission on the business executed by their business partners.
- Offers that has been established to attract more business from their respective business partners.
- List of infrastructural requirements they have from their respective business partners.
- The list of certifications, registrations and experiences they seek their business partners to have.
- Steps involved in placing a registration request to become one of their business partners.
- Finally the set of factors leading people to decide to go with them.
Lakshmishree Investment Franchise Ratings & Review by Top10StockBroker
|Lakshmishree Investment Franchise Ratings|
|Products & Services||5.4/10|
About Lakshmishree Investment Franchise
Lakshmishree Investment Franchise was brought into existence by Sushil Kumar Shah in the year 2005.
The franchiser was incorporated to become a full-service financial brokerage corporation within the city of Mumbai, Maharashtra.
Since the very day of their establishment, they have dedicatedly served their respective clients with custom tailored financial solutions. As of today, they claim to be a part of the NSE, BSE, NCDEX and MCX.
They also are a depository participant with CDSL. They typically take 28 days to allocate a new Sub Broker’s Code.
Furthermore, they also take 3 – 4 weeks to settle any outstanding payments to their business partners.
Become an Authorized Person of Lakshmishree Investment
Types of Lakshmishree Investment Business Models
Lakshmishree Investment Franchise prefer to be sure about their approach regarding business distribution.
That is why they rely on two completely different business models to acquire more and worthy business partners.
We are talking about the Sub Broker business model and the Referral Program.
- Sub Broker / Authorised Person
- Referral Program
Lakshmishree Investment Sub Broker or Lakshmishree Investment Authorized Person
Lakshmishree Investment Sub Broker business model is no different than that of their prime competitors.
This business model has been set into play to segregate only a certain category of people and organizations.
We are talking about the entities who are interested in doing business on the franchiser’s behalf by paying some deposit. however, they expect the franchiser to pay with handsomely in return. We are talking about huge shares in the business volume they help to bring in.
Furthermore, the franchiser also enables them to distribute all of their financial offerings without restricting the business volume.
This also means that the Sub Brokers can execute unlimited business and gain unlimited profits as per their own will.
However, the franchiser does set up one particular restriction for the Sub Brokers. The Sub Brokers are not allowed to implement business monopoly.
In simple words, they are not authorized to have business dominance over any certain area. They are allowed to grant extra benefits to their respective clients nevertheless.
Benefits of Lakshmishree Investment Authorized Person
As you must already be able to conclude, Lakshmishree Investment Sub Broker business model has a lot to offer. And, we are talking about a lot more than mere commercial profitability:-
- This business model allows the associates to use the franchiser’s social reputation for commercial purposes. It allows the business partners to acquire more clients and retain them in the name of the franchiser.
- It has been developed to ensure that the business partners get huge shares in the business they bring in.
- This business model allows the business associates to execute unlimited business on behalf of the franchiser. This also means that the business associates can generate unlimited profits bby putting in extra efforts.
- The signing amount required is less as compared to the competitors’ business models. In other words, the security deposit required to join in the business associate program starts off really low.
- This business model allows the business partners to provide their respective clients with extra benefits. This tactic can be used by the associates to gain in more clients and even retain them longer.
- It automatically enrolls the associates to receive multiple support programs run by the franchiser. These programs have been known to provide right guidance to the associates in terms of business establishment.
Lakshmishree Investment Referral Program
Unlike the Sub Broker Business Model, the Referral Program being used by Lakshmishree Investment Franchise is wide ended.
We are saying that this business model can be used by anyone without having to pay any security deposit.
Furthermore, the people using this model are also not required to get bound to any kind of commitments whatsoever.
These people are not even required to have any kind of business infrastructure either. All one need to do is refer a relevant client or a business partner to the franchiser.
And, every time these references convert into real business, they get paid handsomely.
Benefits of Lakshmishree Investment Referral Program:
Even the Referral Program of Lakshmishree Investment Franchise comes with many benefits. And, the list includes:-
- This business model can be used as many times as one wants without having to pay any security deposit.
- The referring parties get paid every time a reference gets converted into real business.
- This business model does not require the beneficiaries to have any kind of business infrastructure.
- This business model does not even ask the beneficiaries for any kind of business growth commitment.
Lakshmishree Investment Partner Revenue Sharing or Lakshmishree Investment Sub Broker Commission
Lakshmishree Investment Franchise is rather particular about paying off the commission to their business partners.
In fact, they have even established distinctive slabs of commission for different business associates. They typically pay their respective Sub Broker a commission varying from 60 % to 75 %.
The Referral Program, however, users only receive 20 % commission on the business volume generated out of their referrals.
There is only one reason for the difference occurring within the allocated commission other than the varying security deposits paid. We are talking about the different profits gained by selling off different financial offerings.
Refer to this Table for clear picture:
|Revenue Sharing||Clients Share||Lakshmishree’s Share|
|Sub Broker||60% – 75%||25% – 40%|
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Start your Broking Business with Lakshmishree Investment
Lakshmishree Investment Franchise Cost or Security Deposit
Lakshishree Investment Franchise has established a distinctive security deposit payment method.
They typically use this method to categorize their business associates. And, the categories are used to allocate various benefits to the business associates.
The franchiser typically charges a security deposit starting at Rs. 35,000 from the Sub Brokers. The upper value of the security deposit is eliminated at Rs. 1,00,000.
On the other hand, the Referral Program users are not required to pay even a single penny as security deposit.
Check this table below for better understanding of Lakshmishree Investment Franchise Cost:
|Sub Broker||Rs.35,000 – Rs.100,000|
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Lakshmishree Investment Franchise Infrastructure Set-up Cost
Lakshmishree Investment Franchise is very considerate with regards to their requirements based in business infrastructure.
In fact, they help their respective business partners to establish their businesses by spending less. Here is the complete list of all the requirements they have:-
- Completely original and fully owned research services. This is supposed to be used to help the clients get a better definition of the market.
- An active internet connection. It must be strong enough to withstand multiple ongoing online trades and communications simultaneously.
- A set of industry grade trading terminals.
Lakshmishree Investment Sub Broker Offers
Lakshmishree Investment Franchise grants their respective business partners only three offers:-
- Zero Deposit Requirement Provision
- Flexible Revenue Sharing Provision
- Zero Revenue Sharing With Prepaid Provision
The offers can easily be availed by all Lakshmishree Investment Authorized Person once they register with Lakshmishree Investment.
Lakshmishree Investment Franchise or Lakshmishree Investment Authorized Person – Eligibility Criteria
Before discussing the criteria that are exclusive to Lakshmishree Investment, it is important to take a note of the statutory & regulatory requirements.
Lakshmishree Investment Franchise requires their business partners to abide by the following before deeming them worthy of the business rights:-
- The applicant must have a certificate issued by the NSIM to them.
- An applicant must be ten plus two or more in terms of educational qualification at the time of registration.
- The applicant must be able to provide a proof to two or more years of experience in financial trading.
- An applicant must have the knowledge of how to operate a few computer programs like MS Excel.
- Applicant must know all about the financial offerings being given by the franchiser.
How to become a Lakshmishree Investment Sub broker or Authorized Person?
Just follow the steps as we have mentioned below and you’ll have one of Lakshmishree Investment Franchise’s business rights:-
- Click on the button at the end of this part. The button will read “Become a partner / associate”.
- Completely fill up all the blank spaces within the form that unfolds and submit it on to the website.
- Also submit a copy of the documents as mentioned above.
- Wait to receive a call from a representative of the franchiser who will grant you the required business permissions.
Documents required to become Lakshmishree Investment Authorized Person
One needs to submit a minimum of the following documents:
- Cancelled Cheque
- Academic Certificates
- Birth Certificate
- Investment Proof
- PAN Card
- SEBI Registration Certificate
- GST Registration
- Payment Proof for complete security deposit
- Passport sized photos
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Why Partner with Lakshmishree Investment?
Out of the many reasons you must consider, here are the most important ones to help you decide whether to choose Lakshmishree Investment Franchise:-
- They provide their clients with customized financial advisory and solutions. This can be used to acquire new clients easily.
- They grant valuable support to their respective business partners including Back-Office and Advisory.
They provide their respective business partners Dealing, Product and Acquisition
Lakshmishree Investment Conclusion
We can say that Lakshmishree Investment Franchise has truly evolved into a full-service financial provider in last decade.
In fact, we deem them pretty good to start ones business journey in the financial advisory and brokerage industry.
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Start your Broking Business with Lakshmishree Investment
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