India is on a multi-decadal growth path. A booming economy, rising income, young population, robust consumption and supportive policies are just some of the key growth drivers. This presents immense investment and wealth creation opportunities for investors. Also, the penetration of financial services – such as insurance, mutual funds, direct investment in the stock markets, to name a few – is extremely low in India. This means the runway for growth is huge. So, as an Authorised Partner (AP), you can not only help your clients in their investment journey, but also build a profitable business!
You are at the Right Place at the Right Time. To start your own business, become an Authorised Partner with Prabhudas Lilladher – recognised as one of India’s Best BFSI Brands by The Economic Times in 2022. Become an Authorised Partner with PL today!
In this article, we will cover:
- What is an Authorised Partner
- Benefits of Becoming an Authorised Partner
- How to Become an Authorised Partner
What is an Authorised Partner
An Authorised Partner is affiliated or associated with a SEBI-registered stockbroker. As an Authorised Partner, one can be either a full-time entrepreneur, or someone looking to generate side-income.
Here’s how it works: The AP acts as an intermediary between the clients and the stockbroker. Using the infrastructure, platform, products and expertise of the stockbroker, the AP provides various financial services to his / her clients. Through this, the AP earns commission / brokerage or a share of the revenue generated from the clients’ transactions.
Note that one of the biggest advantages of becoming an Authorised Partner is that it requires minimal investment. Unlike other businesses, you don’t need to invest a significant amount of capital to start a broking franchise. Also, by becoming an Authorised Partner, you can enjoy the flexibility and independence of running your business on your own terms.
Enjoy these advantages along with a host of other benefits by joining Prabhudas Lilladher as an Authorised Partner (or Progress Partner). Click here to know more.
Benefits of becoming an Authorised Partner with PL
Prabhudas Lilladher has been in the financial services business for nearly 8 decades. Over the years, PL has transformed into a full-stack, value-added integrated financial services brand with stellar research at its core. With 1.5 lakh+ clients and 2,200+ partners, Prabhudas Lilladher has built a pan-India presence.
As a PL business partner, you can become the best financial advisor for your clients.
Here are the key benefits of becoming a PL Authorised Partner:
- In-Depth Experience: Prabhudas Lilladher has nearly 8 decades of experience and expertise in navigating the financial markets and is one of the most trusted financial services brands in India.
- Award-Winning Research: Get access to PL’s research-based trading & investing calls from industry-leading analysts.
- Multiple wealth solutions: PL offers the complete suite of financial products & services – ranging from equities, derivatives, currencies, commodities, mutual funds, insurance, portfolio management services, corporate advisory, investment banking, and lots more. PL also provides Margin Funding & Loan Against Shares.
- Diversified revenue streams: With PL’s diverse product offerings, you can build multiple revenue streams, i.e., Transaction Fees from broking products and Commissions from distribution products.
- Personalised Guidance: PL’s investment experts can offer personalised recommendations on: Mutual Funds, Bonds, Insurance, and PMS for your clients.
- Complete Support: PL provides extensive Marketing, Product Training, and Business Development Support to its Progress Partners. Also, PL provides Dedicated Relationship Manager and Personalised Support.
- Robust Technology: Fully digitised back-office as well as new-age trading and investment platform.
- Flexible models: PL offers various ways of association – such as own office model, introducer partners and sitting APs. You can choose one that best aligns with your business goals.
Join PL’s growing network of partners today. Click here to start your business now.
How to Become an Authorised Partners
If you are looking to become an Authorised Partner, then you can partner with Prabhudas Lilladher – one of India’s most trusted names in financial services.
Before we take a look at how you can start your business with PL, take a look at the criteria and the documents required:
- Should be a citizen of India
- Should have cleared your secondary education
- Should complete the National Institute of Securities Markets (NISM) certification course from SEBI
- Should have your own address – Residence or office
At PL, we encourage people across different backgrounds to become our Progress Partner. You could be an aspiring entrepreneur, trader, independent wealth advisor, professional in the financial industry such as CAs, or even a mutual fund or insurance agent.
B. Documents Required
- Bank Account details & Cancelled Cheque
- 6-months bank statement
- Pan Card & Aadhar Card
- Education proof
Steps to follow to register as a business partner with Prabhudas Lilladher
If you meet the above criteria and have the required documents in place, then follow these simple steps to become a Progress Partner with PL today.
#1 Go to https://www.plindia.com/pp/
#2 Fill out all the details and click on ‘Click to Apply’ button on the form
#3 PL’s representative will contact you shortly and help you choose a franchisee model
#4 This will be followed by submission of relevant documents and deposit (as per the model you choose)
#5 Once your documents have been verified, your account will be activated and you can get started with your business immediately!