Jhaveri securities franchise or sub-broker business comes from this Gujarat based full-service stockbroker, established in the year 1992. The broker offers its offline services to the clients through more than 350 business associates and 25 branches spread all over the country.
Jhaveri Securities Franchise Review
The client base of Jhaveri Securities is more than 70,000 overall while the active client base of Jhaveri Securities is in the range of 37,000. The company plays a vital role in the development of the primary and secondary markets in Gujarat. The broker is ranked 46th out of 160 listed broking companies.
Jhaveri securities’ has more than 300 professional having sound knowledge in the financial market and contribute to providing required services to the customers.
The broker has the membership of NSE, BSE, MCX, NSDL and NCDEX and provides services of trading in the following segments.
The broker offers in-house developed trading platforms to their clients and business associates. This feature of the company is very special as few broking houses in the country provides you with the in-house trading platform. Most of the brokers use third-party trading platform.
In this article, you will get details of the Jhaveri Securities Franchise like advantages, offers, types of business model, revenue sharing ratio, Initial investment, steps to become a business partner of the broker and many more.
Jhaveri Securities Franchise Models
Jhaveri Securities offer only one type of business model – Business Associate.
Jhaveri Securities Business Associate:
Jhaveri Securities provides a single business model to the customers i.e. the Business Associate model. A business associate is a business partner of the Jhaveri Securities.
Under this model, you will get the right to use everything from the broker. Everything means technology, research reports, back-office support, trading technology etc.
As a business associate, you will have to open your separate office from where you can work. You will have to acquire your own clients, who will work for you. How they will work, it will be totally your headache.
To start the business, you are required to deposit some security money to the broker. The broker will make you understand the range of security money required to deposit. The revenue sharing ratio will depend on the amount of security deposit up to the maximum extent.
You will become an entrepreneur to run your own business.
You will have the right to expand your business by acquiring more clients and partners.
You can increase the profit of your business by generating more brokerage through your clients.
An opportunity to get associated with a brand name.
Lucrative revenue sharing ratio and an opportunity to increase it by certain conditions.
Your clients can get the best trading benefits with minimal operational skill with the help of Jetrade.
Jhaveri Securities Franchise Revenue Sharing
The range of the revenue sharing ratio of the Business Associate is 50%-80%. This range is in line with the industry. It may be higher than this range also.
A business Associate plays a vital role in the expansion of the broker business. It is just like starting a new business by arranging everything. You will get a brand name and some support from the main broker only.
That is why the maximum percentage of the revenue generated by a business associate is kept by them and a small percentage of revenue goes to the Jhaveri Securities.
Suppose the total revenue generated by a Business Associate within a month is ₹2,00,000 then, the Associate will get maximum of ₹1,60,000 and the Jhaveri Securities will get the maximum of ₹1,00,000.
The range of security deposit of a Business Associate model is ₹1,00,000 – ₹3,00,000. You are allowed to deposit the minimum or the maximum amount.
But, it also the amount of security deposit will decide your percentage of the revenue sharing ratio up to the maximum extent. Higher the security deposit, the higher the share of the revenue you will get.
Jhaveri Securities Franchise Security deposit
The security deposit is refundable at the time when you will exit the agreement of Business Associate with the Jhaveri securities. Some of the security deposit amounts will be deducted for the trading terminals provided by the broker, infrastructure, advertising expenses etc.
In the case of Jhaveri Securities, as mentioned above, the security deposit amount falls in the range of ₹1,00,000 – ₹3,00,000.
Jhaveri Securities Franchise Registration
By going through the following steps you can become a Business Associate of Jhaveri Securities:
Fill up the registration form available on the website with all the required details. You may use the below-displayed form as well:
You will get a call for the verification of your interest from the call centre executive.
Another call will be from the company, to make you understand the brief of the business model. In the same call, an appointment will be fixed for the meeting.
In the meeting, you can ask everything related to the business model you are interested in like revenue sharing ratio, the basis of the revenue sharing ratio, security deposit, offers, support etc.
Submit the required documents for verification with the initial investment cheque.
After verification, Jhaveri will provide you with an account ID to start your own business.
Now, you can start your business by getting an attractive revenue share.
The whole process of becoming a business associate will take almost 8-10 business days to complete.
Jhaveri Securities Franchise Advantages
If you are thinking to start a partnership business with the Jhaveri Securities, you will get the following advantages.
In-house trading platform: To give the priority to the business partners and clients, Jhaveri Securities has built an in-house trading platform which is not available to most of the brokers in India.
Expert research team: At Jhaveri securities, you will get a team of experts who will provide you with the exceptional research reports which will help your clients to do a profitable trade. The research team will help you to remain updated about the current happenings in the financial market. Ultimately, you can get best out of that.
Latest database: Jhaveri Securities is equipped with the latest database, which will keep you updated with the happenings of the investment sector and the stock market. You can be prepared in advance to make the right move at the right time.
Jhaveri eTrading: It will help you in quick, stable and secure trade implementation. It provides you with the option of graphs to remain in sync with the investment return.
Personalized account: Jhaveri securities allow you to start your work with a personalized account. So that you and your client can get a personalized idea and tips of the investment with the lowest expenses.
Personalized support: The broker offers you personalized support in every field related to the investment.
Attractive revenue sharing ratio: The broker offers an attractive revenue sharing ratio to their business partners and associates.
Jhaveri Securities is an old player in the broking business, still offline presence of the company is limited to the few states of the country. The broker offers its partners a lucrative revenue sharing model with comparatively a bit high-security deposit.
On the other hand, the broker needs improvement in its trading platform, research accuracy, and customer support. Keeping the above-mentioned things aside, the full-service stockbroker can be an option for you to start a partnership business.
In case you are looking to get started with a sub-broker business, let us assist you in taking things forward for you: