SMC Global is one of the leading broking companies of India, offers diversified financial products and services to the clients. When it comes to SMC Global Sub Broker, it has its legacy and has been around for a while with a reasonable number of opportunities for potential business partners.
Let’s get a quick understanding.
SMC Global Sub Broker Basics
SMC Global was established in the year 1990 and its franchising/distribution commenced in the year 1998. It offers a wide range of financial products and investment solutions. As the broker is from a quite long time in the broking business, it is well known among the financial market players.
Presently, the broker is serving more than 1,08,000 active clients with more than 3,000 workforce of employees in 500 plus cities across India and UAE. The broker has a large network of 2500+ sub-brokers & Authorized persons.
By joining the hands with the SMC Global as a business partner, one can offer a large array of financial products and services to their clients such as:
Real estate advisory services to High net worth individuals (HNI), Corporates, retail clients and institutions.
SMC Global has a membership of NSE, BSE, MCX, MCX-SX, and NCDEX within the stockbroking.
SMC Global is well known for promoting self-identity and so it helps its business partners in all the possible ways.
In this article, we are trying to cover all important aspects of SMC Global Sub broker like its offerings, costing, revenue sharing ratio, business model, advantages and many more.
SMC Global Sub broker Advantages
As a business partner of the SMC Global, you will get the following advantages:
Multiple product segment: The broker allows you to trade across the multiple product segments. You can easily retain your clients for the long term by offering them every product which they want to trade in.
The broker is a reputed brand: You are getting an opportunity to get associated with a brand name in the broking space. Over the last two decades, the broker is running its sub-broker business successfully and won the awards for the same.
Seminar and other business activities: The broker organizes the seminars and other promotional activities to run your business successfully on a regular time interval. It helps you and your clients to do their business in a better way.
Minimal security deposit: If You are a small investor and you don’t have enough money, the solution is here. SMC Global gives you an opportunity to start the partnership business with the minimum security deposit which starts from ₹50,000 only.
Tie up with PNB and IOB: For online trading, the broker has a tie-up with two banks one is PNB and another is IOB. You Can provide online trading service with these banks over 100 million customers also.
SMC Global Sub broker Eligibility
Following are the criteria to become a business partner with the SMC Capital.
Any individual or partnership firm or Corporate with business stature and existing client base.
Minimum 1-2 years of experience in selling the financial products as a sub-broker, broker, Mutual funds distributor, Remisier, an employee of an existing broker, financial planner etc.
Capacity to invest ₹2 lakhs- ₹5 lakhs initially, then as per the requirement of the business.
Must have a minimum age of 18 years.
SMC Global Partnership Types
SMC Global offer only one type of business model i.e.
Sub-broker is the only model offered by the SMC Global. The unique feature of this model is the co-promotion of the business of the sub-broker by the SMC Global.
It helps in making the identity of the sub-broker in the market. Another thing which is required is the minimum 1 year of experience of the sub-broker. But in some exceptional case, it is seen that the broker provides a chance to the fresher also.
As a sub-broker, you are needed to set-up your own office in the minimum carpet area of 250-500 square feet in a prime location of the city. There should be telephone line with voice logger and the workstation with broadband connectivity for the set-up of a trading terminal back office.
Your clients can get multi-financial products and services.
A Golden Opportunity to connect with the brand name in the broking space.
Right to access the tools and technology used by the SMC Global for trading and investing purpose.
Support to stand alone in this competitive market.
Affordable security deposit.
SMC Global Sub broker Revenue Sharing
When you set-up a business as a partner, then based on the overall revenue you generate through your client base, the stockbroker shares a specific percentage of commission with you.
This commission percentage varies with the sie of your business, the number of clients, overall revenue and a lot of other related factors.
Let’s see what you can potentially get in case of SMC Global sub broker business:
The revenue sharing ratio of the sub-broker model is in the range of 30%-60%. It means as a sub-broker, you can get a minimum of 30% of the revenue share generated by your clients and you.
While SMC Global will keep a minimum of 40% of the revenue. The revenue sharing percentage is in line with the industry.
However, one should note that this ratio is not fixed and can vary also depending on case to case. The percentage can vary on the basis of the existing client base of the sub-broker, prospective revenue, bargaining power, security deposit, existing infrastructure and the margin money.
SMC Global Sub broker Security deposit
Furthermore, there is always a specific refundable deposit that the broker will ask for upfront. This amount varies with the broker and is mostly refundable in nature.
There is no minimum amount of security deposit prescribed by the SMC Global. But it may be ₹50,000 & above in general or we can say in line with the other broking house in general. This amount is kept by the broker to cover any default of the sub-broker.
However, the broker demands initial investment money which is used for the sub-broker business set-up. The range of initial investment money is in the range of ₹2,00,000 – ₹5, 00,000.
SMC Global Sub broker Support
Following supports are provided by the SMC Global to make the base of your business strong.
The broker will support you to make your business a brand among the financial market customers.
Your staffs will be trained by the broker to support you in the proper functioning of your business through your staffs.
SMC Global supports the business partners in setting up the initial infrastructure of the business.
They provide training on how to capture the market through different and impressive service offerings to the clients.
You will get the right to access all advisory research reports and other reports to help your clients in taking the right investment decisions.
The broker will support you in the client acquisition, will ultimately increase your revenue generation.
SMC Global Sub broker Registration
Following are the steps to become a sub-broker of the SMC Global.
Fill-up the lead form available on the website with the required basic details. You can use this form as well:
Get a call from the call centre executive to verify your interest in the partnership business.
You will get another call from the company to fix an appointment.
Meet the sales team of the company and clarify your all queries related to the partnership business like types of business model, offers, security deposit, revenue sharing ratio etc.
Submit the required documents for the verification purpose with the security deposit cheque.
Get an account ID to start your business.
The whole process will take 3-4 business days to complete.
SMC Global Sub broker Summary
SMC Global is one of the oldest and well-known broking houses. It offers a large array of financial products and services. It has a wide offline presence in different parts of India.
The broker holds its name among the low customer complaints list. One can join the hands of partnership business with the SMC Global only through the sub-broker model. The revenue sharing ratio is in-line with other brokers.
Hence, to start a partnership business in the broking field, SMC Global can be one of the best options in the list of broking houses.
If in case you are interested in setting up such a business, use the below form to get started.
SMC Global Sub broker: Expansion location
You can find the branches of the broker in the following locations of the country: