Marfatia Stock Broking Franchise is a full service financial advisory and services provider established around the late 90s. The franchiser is in fact one of the ‘mid-term’ players who have worked dedicatedly to make a name for themselves.
For the past few years, they have served their clients with precision with the help of their employees and associates. However, the primary concern of our article today is not to inform you of their struggles.
We are not even going to praise them for the ceaseless efforts they have been making over the years. In fact, we are here to criticize them.
Actually, this article has been drafted more like a detailed review of Marfatia Stock Broking Sub Broker Program and, we will lay out our review on their business models, revenue sharing, offers, initial investment & more.
Marfatia Stock Broking Franchise Customer Ratings & Review
|Marfatia Stock Broking Franchise Ratings|
|Products & Services||5.3/10|
About Marfatia Stock Broking Franchise
Marfatia Stock Broking Franchise was incorporated within the city of Vadodara, Gujrat in the year 1998.
They have been established as a full-service brokerage firm due to the consistent efforts of Nishil Marfatia.
And, the franchiser has been dedicatedly serving their clients to gain financial benefits ever since.
The franchiser claims to have over 5000 (five thousands) clients as of today. In fact, they have a wide variety of financial products and services to offer to their clients.
And, the list includes equity, currency, derivatives and commodities trading. Furthermore, they also provide valuable portfolio management, and institutional trading services.
As a financial franchiser they take 25 days to activate a new Sub Broker’s Code. In fact, they also need 4 – 5 weeks of time period to pay out the remaining balance to their associates.
Become an Authorized Pers0n of Marfatia Stock Broking
Types of Marfatia Stock Broking Business Models
Marfatia Stock Broking Franchise is smart enough to not let their business growth depend on only one business distribution model.
In fact, they are very much aware of the needs and requirements of their prospective business partners.
And, this is the reason why they rely on two entirely complementing business distribution models. We are talking about the Sub Broker and the Remisier model.
- Sub Broker / Authorised Person
Marfatia Stock Broking Sub Broker or Marfatia Stock Broking Authorized Person
Marfatia Stock Broking Sub Broker business scheme is primarily directed at entities who prefer team work. And, we are serious about this.
In fact, this business model specifically targets people and organizations willing to execute business on the franchiser’s behalf. And, in return the franchiser promises them a huge chunk of revenue share.
These associates are also allowed complete and hindrance free distribution of the franchiser’s financial products and services.
Furthermore, they also get the permission to distribute the access to the franchiser’s trading platforms, online or otherwise. And, that is not the end of the story.
They are also granted the permission to provide their respective clients with extra benefits as per their own will.
However, there are some restrictions with this business model as well. One of such restrictions for example, is complete denial to provide business monopoly. You can also say that the associates do not have the right to execute area wise business dominance at all.
Benefits of Marfatia Stock Broking Authorized Person
Gaining the access to one of Marfatia Stock Broking Franchise’s Sub Broker Firms comes with a lot of benefits. And, we are not only talking about the commercial advantages. So, here is the complete list of benefits the Sub Brokers are entitled to:-
- Business model grants the permission for comer usability of brand name. This means that the associates can use the franchiser’s brand identity to gain better and more clients easily. And, they can do that without any restrictions.
- This business model grants the associates with n opportunity to execute unlimited business on the franchiser’s behalf. In fact, the franchiser does not have any restrictions whatsoever for the quantity of executable business. This means that the associates can decide their own earning depending upon their own efforts.
- This business model automatically enrolls the associates for many tactical business upliftment programs designed by the franchiser. These programs are meant to help the associates boost their business growth instantly.
- It ensures that the associates get great shares out of the overall business they commence on the franchiser’s behalf. In fact, even the lower limit of the allocated commission rates is higher that the usual rates of the industry.
Marfatia Stock Broking Remisier
This business model is completely opposite to the Sub Broker model in terms of business execution. Instead of organizations, it targets people who are willing to execute business on franchiser’s behalf as an agent.
In simple words, this model requires people who are willing to commence business solely as an individual. It even does not require the associates to have any kind of business infrastructure wither.
In fact, the franchiser often allows the Remisiers to use their authorized offices and branches for business purposes.
Benefits of Marfatia Stock Broking Remisier
Irrespective of the fact that the Remisier Model is different than the Sub Broker Model in many ways, it still has one similarity. It also comes along with many advantages for the associates:-
- It does not require the associates to have any business infrastructure whatsoever. In fact, the franchiser sometime lets the associates use their own branches for business purposes.
- It does not require the associates to pay off as much security deposit as the Sub Brokers Model.
- It pays off one of the highest commission rates in this class within the entire industry.
Marfatia Stock Broking Partner Revenue Sharing or Marfatia Stock Broking Sub Broker Commission
Just like the different set of security deposits required, Marfatia Stock Broking Franchise also shares their revenue with associates differently.
They typically pay off their Sub Brokers a commission rate starting at 60 % shares of the business generated.
The upper limit for this commission rate closes at 80 %, nonetheless. However, for the Remisiers, they only share 25 % of the revenue over the generated business.
Refer to this Table for clear picture:
|Revenue Sharing||Clients Share||Marfatia Stock Broking’s Share|
|Sub Broker||60% – 80%||20% – 40%|
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Start your Broking Business with Marfatia Stock Broking
Marfatia Stock Broking Franchise Cost or Security Deposit
Marfatia Stock Broking Franchise charges their respective business associates distinctively.
The security deposit required to be paid off by their Sub Brokers remains within Rs. 50,000 – Rs. 1,00,000. However, the security deposite required to be paid off by the Remisiers is fixed at Rs. 25,000.
Check this table below for better understanding of Marfatia Stock Broking Franchise Cost:
|Sub Broker||Rs.50000 – Rs.100000|
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Marfatia Stock Broking Franchise Infrastructure Set-up Cost
Marfatia Stock Broking Franchise are also very considerate regarding their needs of infrastructural establishment.
In fact, they only require their Sub Brokers to have a handful of business infrastructure, including:-
- An office area with a space of at least 100 sq ft.
- Minimum of one person staff to look after the daily operational activities of the business.
- An active internet connection to support multiple ongoing online trades. The internet connection must also be able to carry out the daily communicational activities.
Marfatia Stock Broking Sub Broker Offers
Although considerate about most other things, Marfatia Stock Broking Franchise only provides their business associates with two offers:-
- Zero Deposit Requirement Provision
- Flexible Revenue Sharing Provision
The offers can easily be availed by all Marfatia Stock Broking Authorized Person once they register with Marfatia Stock Broking.
Marfatia Stock Broking Franchise or Marfatia Stock Broking Authorized Person – Eligibility Criteria
Before discussing the criteria that are exclusive to Marfatia Stock Broking, it is important to take a note of the statutory & regulatory requirements.
The entire list of criteria that are deemed mandatory to be followed by the associates has been presented underneath. You must abide by all the enlisted criteria in order to able to become a business partner of the franchiser:-
- Business partners must have an experience of two or more years corresponding to stock broking and trading.
- The partners must have an educational qualification worth two plus two or more at the time or registration.
- Business partners must have a certificate issued to them by NSIM.
- The partners must have the basic understanding of all the financial services and products dealt by the franchiser.
- A business partners must have the basic understanding of a few computer programs like MS Excel.
How to become a Marfatia Stock Broking Sub broker or Authorized Person?
Registering yourself as one of Marfatia Stock Broking Franchise’s business partner is easy if you fulfill all the above requirements. Just follow the steps as mentioned underneath:-
- Locate and click on a button at the end of this section stating “Become a partner / associate”.
- Dill up the from that opens up after clicking on the button.
- Submit the filled-up form along with some other required documents as mentioned above.
- Wait till you receive a call from a representative of the franchiser. You can then expect to be granted the business rights asked for.
Documents required to become Marfatia Stock Broking Authorized Person
One needs to submit a minimum of the following documents:
- SEBI Registration Certificate
- GST Registration
- Cancelled Cheque
- Academic Certificates
- Birth Certificate
- Investment Proof
- PAN Card
- Payment Proof for complete security deposit
- Passport sized photos
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Why Partner with Marfatia Stock Broking?
There are several reasons that can motivate you to partner with Marfatia Stock Broking Franchise including:-
- They provide their business partners with one of the highest paying revenue sharing models in the entire industry.
- They provide their business partners with several strategically designed business upliftment programs. The list is inclusive of Dealing, Acquisition and Product Training.
- They do not require their clients to have any Margin Money balance. This is one of the most important factors that attract new clients.
Marfatia Stock Broking Conclusion
We have no doubts about Marfatia Stock Broking Franchise being one of the best financial advisory franchisers in the nation.
They are a one stop solution to all sorts of business requirements. Furthermore, they also provide many lucrative offers and support programs to their business partners.
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