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NJ Wealth Franchise / Sub Broker / Authorized Person / Partner Review

NJ Wealth Franchise is one of the reputed financial advisors which already have exposure in financial products, financial investments and portfolio management services. NJ Wealth is currently leading as distributors of financial products in India.

The company provides a wide network all over the country distributing different types of financial products to the clients.

We provide you a detailed description of the NJ Wealth Sub Broker, it’s business model, revenue sharing models, security deposit, infrastructure investment and offers.

NJ Wealth Sub Broker


NJ Wealth Franchise Customer Ratings & Review

NJ Wealth Franchise Ratings
CriteriaRatings
Experience5.3/10
Market Share6.2/10
Products & Services5.6/10
Revenue Sharing6.0/10
Holistic Support5.6/10
Overall Ratings5.8/10
Star Ratings★★★★★

About NJ Wealth Franchise

NJ Wealth Franchise

NJ Wealth Franchise is one of the reputed financial advisors which already have exposure in financial products, financial investments and portfolio management services.

The company is currently leading as distributors of financial products in India. The company provides a wide network all over the country distributing different types of financial products to the clients.

We provide you a detailed description of the NJ Wealth Sub Broker, it’s business model, revenue sharing models, security deposit, infrastructure investment and offers.


Become an Authorized Pers0n of  NJ Wealth

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  1. Become Sub BrokerOpen Demat Account


Types of NJ Wealth Business Models

There are 2 types of NJ Wealth Franchise business models namely –

  • Authorized Person / Business partner / Sub-broker
  • Master franchise
  • Remisier

NJ Wealth Franchise Master Franchise

NJ Wealth provides Master Franchise to all clients and it has the most lucrative angle in the franchise program. A master franchise is someone who gets control of all the activities of the franchise from the owner of the company.

The initial investment as a security deposit of the master franchise would be Rs 200,000 which may go up till Rs 500, 000 whereas the revenue sharing percentage varies between 75% and 85%.

Benefits of NJ Wealth Franchise Master Franchise

  • The master franchise can enjoy the luxury of working over a large area without facing against any direct competitor.
  • A master franchise is offered with an opportunity of building a large business.
  • The master franchise enjoys the additional income that is generated through training and certification.
  • A master franchisor will have complete control over the business empire and they will enjoy the power of supervising the franchisees in own territory and hiring skilled employees.

NJ Wealth Sub Broker or NJ Wealth Authorized Person

Sub-brokers or Authorized Person (AP) or Business Partner is offered for the clients by the NJ Wealth. Sub-brokers work as an agent of the Stock Broker and fulfill every duties end-to-end that is given to him and later they are paid with a certain commission from the NJ Wealth.

The Sub broker needs to give an initial investment to the stock broker that ranges between Rs 50, 000 and Rs 100, 000 whereas revenue percentage varying between 50% and 70% is enjoyed by the sub-broker.

Benefits of NJ Wealth Authorized Person

  • The investment amount provided by the sub-broker is refunded back to the sub-broker at the end of the tenure.
  • The sub broker needs to pay a minimum security deposit and on the other hand, they also receive a high revenue percentage from the company.
  • Every service, product and offers that are launched by the franchiser are easily available to the sub-broker and that helps him in engaging the clients with new things.

NJ Wealth Remisier

A remisier which also goes by the term Commissioned Dealer’s Representative is a representative of NJ Wealth who works as an agent on a commission basis.

Compared to the master franchise and sub-brokers, a remisier receives a very less revenue sharing percentage. NJ Wealth levies security deposit on remisier of Rs.10, 000 whereas enjoys revenue sharing percentage of 20%.

Benefits of NJ Wealth Remisier

  • Remisier needs to pay a very low initial investment to the company.
  • They also receive an attractive commission of Rs 10, 000 from the company.
  • The remisier of the company holds an important role in placing order purposes.

NJ Wealth Partner Revenue Sharing or NJ Wealth Sub Broker Commission

Under the revenue sharing model, NJ Wealth offers a Master franchise, Sub broker and Remisier. Master Franchise is offered with revenue sharing percentage varying between 75% and 85%.

The sub-broker enjoys a revenue sharing collection that ranges between 50% and 70%. Remisier are offered revenue sharing percentage of 20% but referral program is not provided by the NJ Wealth.

Refer to this Table for clear picture:

Revenue SharingClients ShareNJ Wealth’s Share
Sub Broker50% – 70%60% – 30%
Master franchise75% – 85%90% – 80%
Remisier20%NA

 


Start your Broking Business with NJ Wealth

Fill Your Details Here
  1. Become Sub BrokerOpen Demat Account


NJ Wealth Franchise Cost or Security Deposit

NJ Wealth levies a security deposit of a minimum Rs 200, 000 that can maximize till Rs 500, 000 for a master franchise.

The initial investment of sub-broker ranges between Rs 50, 000 and Rs 100, 000. Remisier provides as low as 10, 000 initial investment to the franchiser but there is no referral program available under the security deposit section.

Check this table below for a better understanding of NJ Wealth Securities Franchise Cost:

Security Deposit
Master franchiseRs 200, 000 – Rs 500, 000
Sub BrokerRs.50,000 – Rs.100,000
RemisierRs.10, 000

These Sub Broker Franchise  ask for low Security Deposits:

Fyers FranchiseChoice Broking FranchiseElite Wealth Franchise

NJ Wealth Franchise Infrastructure Set-up Cost

NJ Wealth expects the sub-broker to maintain the standard and stature of the company by influencing the clients with fulfilling general infrastructure requirements like smooth internet connection, telephone lines.

Unlike other stock broking houses, here a minimum 250 Sq Ft office area is required from the sub-broker and employee strength should remain at a minimum of 2.

The sub-brokers need to invest in providing user-friendly trading terminals and great research services.


NJ Wealth Sub Broker Offers

To encourage and promote the business of sub-brokers, NJ Wealth regularly launches a variety of offers. Some of the regular offers are:

  • The zero deposit remains active in the NJ Wealth.
  • Low-security deposit scheme is available in the company.
  • The company offers flexible revenue sharing.
  • Flat revenue sharing is available in the company.
  • The company does not offer zero revenue sharing with prepaid.

The offers can easily be availed by all NJ Wealth Authorized Person once they register with NJ Wealth.


Here is the list of other Sub Broker Franchise with Great Offers:

Angel Broking FranchiseKotak Securities FranchiseSushil Finance FranchiseProfitmart Franchise
Motilal Oswal FranchiseICICI Direct FranchisePrabhudas Lilladher FranchiseSwastika Investment Franchise

NJ Wealth Franchise or NJ Wealth Authorized Person – Eligibility Criteria

Before discussing the criteria that are exclusive to NJ Wealth, it is important to take a note of the statutory & regulatory requirements.

NJ Wealth provides a simple and quick procedure for the candidate who wants to opt for sub brokership, following are the guidelines to start a broking franchise with NJ Wealth:

  • The major criteria of the sub-brokers are to have a registration with SEBI.
  • The candidate needs to fulfill the basic eligibility criteria like age, academic qualifications, experience, etc.
  • A candidate who wishes to be a sub broker needs to be atleast 21 years of age.
  • The candidate must have basic knowledge of computers.
  • A candidate who is applying to be a sub-broker is needed to have at least 2-3 years of experience in handling the financial and stock broking industry. The candidate has work experience with a sub-broker or broker who will have an added benefit.
  • Candidate must complete higher secondary to be a sub-broker. The candidate having a graduation degree will experience a remarkable benefit.
  • The candidates are expected to not be involved in any kind of dishonesty or fraudulent.

How to become an NJ Wealth Sub broker or Authorized Person?

NJ Wealth needs the candidates applying for sub-broker to follow the simple steps:

  1. The form provided to the candidate needs to be fulfilled with putting correct details.
  2. The executives of the company will contact the candidate in order to verify all the details. In case, the information turns out to be false, then the application would get canceled.
  3. The executive along with the business team of the company fix a meeting with the candidate where they discuss tops on revenue ratio, security deposit amount, investment amount, etc.
  4. Following this, the executive of the company would ask the candidate to sign the agreement and provide documents.
  5. Post the agreement; the candidate will receive a sub broker ID to operate an account.

Documents required to become NJ Wealth Authorized Person

One needs to submit a minimum of the following documents:

  • 2 passport size photos
  • Pan card
  • Aadhar card
  • Address proof
  • Proof of DOB
  • Canceled Cheque/ Bank statement
  • Graduation certificate
  • Receipt of the registration fee of SEBI

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Why Partner with NJ Wealth?

  • Sub broker enjoys a low-security deposit scheme offered by the NJ Wealth.
  • Company offers dealing training and acquisition training to the sub brokers.
  • Franchise Company offers flexible revenue sharing and flat revenue sharing.
  • Smooth internet connection and telephone lines help the sub-brokers to connect with the clients.
  • The franchise company provides attractive offers for the sub brokers.

NJ Wealth Franchise Conclusion

the company started its legacy in the year 1994 and until today it holds a supreme position in the stockbroking industry.

NJ Wealth count as the most preferred stockbroker as it provides a Master franchiser, sub-broker and remisier under its business model.

The franchise company consumes 30 days to successful activate SB Code.


Find below Sub Broker Franchise with varied Support to its Broking Franchisee:

Geojit FranchiseKarvy FranchiseIFCI FranchiseReligare Securities Franchise
Arihant Capital FranchiseEdelweiss FranchiseNarnolia FranchiseAnand Rathi Franchise

Start your Broking Business with NJ Wealth

Fill Your Details Here
  1. Become Sub BrokerOpen Demat Account


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