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Franchise | https://www.angelbroking.com/authorised-person |
Important Notes
Here’s what you’ll need to become an Authorised Person.
- You will need a minimum qualification of 10+2 or HSC. However, some brokers may prefer at least a graduation degree.
- Excellent working knowledge of the financial markets, including equity, is preferable.
- You may also need to know a bit about the functioning of the economy and politics because this will affect the way stock markets behave.
- Another thing to note about how to become an authorized person is excellent communication skills. These are a plus since you will need to able to communicate with your clients effectively about their investment options.
- If your qualification is less than 10+2, you may have to submit proof of experience certificate. You will need experience of at least two years as an employee/ dealer in the capital market.
This can be a win-win situation because getting a broker’s license can be difficult and expensive, and the only way of getting a part of the pie is by being an authorized person. This kind of authorized person's business model allows smaller players to enter the market without them needing to make expensive investments in infrastructure and marketing. Brokers also benefit since they can expand their footprint considerably across the country without spending much on staff and infrastructure. It means more significant volumes of transactions for brokers, and more brokerage and commissions all around.
In Angel Broking authorized person business model, a significant chunk of the brokerage is paid out in the form of commissions. These could range anywhere between 50 percent and 70 percent. If you have enough experience in the business and useful contacts and client list, Angel Broking may consider offering you higher commissions.
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Here’s what you’ll need to become an Authorised Person.
- You will need a minimum qualification of 10+2 or HSC. However, some brokers may prefer at least a graduation degree.
- Excellent working knowledge of the financial markets, including equity, is preferable.
- You may also need to know a bit about the functioning of the economy and politics because this will affect the way stock markets behave.
- Another thing to note about how to become an authorized person is excellent communication skills. These are a plus since you will need to able to communicate with your clients effectively about their investment options.
- If your qualification is less than 10+2, you may have to submit proof of experience certificate. You will need experience of at least two years as an employee/ dealer in the capital market.
This can be a win-win situation because getting a broker’s license can be difficult and expensive, and the only way of getting a part of the pie is by being an authorized person. This kind of authorized person's business model allows smaller players to enter the market without them needing to make expensive investments in infrastructure and marketing. Brokers also benefit since they can expand their footprint considerably across the country without spending much on staff and infrastructure. It means more significant volumes of transactions for brokers, and more brokerage and commissions all around.
In Angel Broking authorized person business model, a significant chunk of the brokerage is paid out in the form of commissions. These could range anywhere between 50 percent and 70 percent. If you have enough experience in the business and useful contacts and client list, Angel Broking may consider offering you higher commissions.
The company is one of the largest retail broking houses in India in terms of active clients on NSE as of June 30, 2020 (Source: CRISIL Report). We are a technology-led financial services company providing broking and advisory services, margin funding, loans against shares (through one of our Subsidiaries, AFPL), and financial product distribution to our clients under the brand “Angel Broking”. Our broking and allied services are offered through (i) our online and digital platforms, and (ii) our network of over 11,000 Authorised Persons (the “Authorised Persons”), as of June 30, 2020. We have had more than 4.39 million downloads of our Angel Broking mobile application and nearly 1 million downloads of our Angel BEE mobile application as of June 30, 2020, which enable our clients to avail of our services digitally. Digital marketing has enabled our Company to garner 398 million digital impressions in June 2020 on its various online and digital platforms. Our customer outreach spans across approximately 96.87% or 18,649 pin codes in India as of June 30, 2020. We manage ₹ 132,540 million in client assets and over 2.15 million operational broking accounts as of June 30, 2020.
Angel Broking Limited (formerly known as Angel Broking Private Limited) is a member of the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), Metropolitan Stock Exchange of India (MSEI), NCDEX & MCX. Angel Broking Limited (formerly known as Angel Broking Private Limited) is also registered as a Depository Participant with CDSL
We believe that our experience of over two decades has helped us to integrate our knowledge and expertise in the broking industry with the technology we provide to our retail clients through various platforms. We have enhanced client engagement and experience through the application of technology to all our services, including the launch of our mobile application for booking services in the year 2011, KYC authentication, and complete client on-boarding through the electronic and digital medium in the year 2015 and 2016, respectively.
OUR OFFERINGS
Equities
Commodities
Loans Against Shares
Currency
Equity Derivatives
Investor Education
Research Services
What is an Authorised Person?
Share trading and investing has become an attractive proposition because they tend to offer good returns. In the past few years, equity appears to have outperformed most other asset classes. Of course, investing in equity involves market risk, and investors must be aware of that before taking the plunge.
Ordinary investors cannot buy and sell shares directly. They have to do it through a broker who is a member of the stock exchange. Since the number of brokers is small compared to investors, authorized persons do a lot of the work of investing. So when investors buy and sell shares, they will probably be doing it through these agents.
How much can an authorized person earn?
The dictionary definition of a broker is “a person who buys and sells goods and assets for others,” in return for which he takes a fee or charge, which is called “brokerage.” In India, investors can buy and sell shares or similar investment products through brokerage houses. These entities charge a minimal brokerage fee. These organizations appoint agents, who are paid a commission for each transaction they make. This authorized person commission is what acts as a primary source of income.