Affluence Shares Sub Broker / Franchise / Authorised Person / Partner Review

Enjoy the broking house services and offer to become the Affluence Shares Sub Broker by knowing every other detail of the company and its program. The Affluence Shares Franchise model is indeed a great business investment option you can opt for, read the insights further.

Summary
Top Business ModelSub Broker
Revenue Sharing60% – 80%
Security DepositRs.50,000 – Rs.150,000
Become Sub Broker in26 Days
Receive Payout in33 Days
FounderDhiren Mahendrkumar Shah
Established Year2000

Securing a place for itself in the industry, the Affluence Shares broking house has come a long way. The offers they provide are oriented to the business partners and the brokerage charged are as well customer oriented. Check out the numerical representation for yourself.


Franchise Review


Affluence Shares Franchise – Customer Ratings

Lean over to the Affluence Shares Sub Broker and clients rating, where the kind of experience the encountered can be assumed and future performance can be predicted.

Customer Ratings
Experience2.5/5
Services2.4/5
Products2.6/5
Trading Platforms2.4/5
Support2.6/5
Revenue Sharing Model2.4/5
Security Deposit2.3/5
Offers2.6/5
Market Share2.3/5
Overall Ratings2.4/5
Star Ratings★★★☆☆

Let us see the overall Affluence Shares Customer Rating, as that would sum up the broker house’s performance as a whole. It is 2.4 rating which is around average, and if the management enhances, it would cross the threshold of average.


Overview of Affluence Shares Franchise / Sub Broker

One of the franchise business opportunity provided in the stock broking industry is the Affluence Shares Franchise. The company which offers this service is a private establishment founded by Dhiren Mahendrkumar Shah, and is headquartered at Daman.

Affluence Shares Overview
Company TypePrivate
Broker typeFull Service Broker
HeadquartersDaman
FounderDhiren Mahendrkumar Shah
Established Year2000
SB Code Activation Time26 Days
Payout Time33 Days

Finally, the sub brokers who apply for the company will be provided a Sub Broker Code Activation Time of 26 days, which will be followed by a Payout Time of 33 days. This company is a full service broker, where one can expect to find kind of financial solutions.


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Affluence Shares Sub Broker – Business Models

The business models of the firm Affluence Shares, is constructed keeping in view the betterment of the entities and the individuals account holders as well. The models are a great opportunity for all of them to find a way to earn some additional returns.

Business Models
Master FranchiseNo
Sub BrokerYes
RemisierNo
Referral ProgramYes

Two kind of business models are provided by this broking house. First is the Affluence Shares Sub Broker Business Model, and second is rather a referral program.


Affluence Shares Sub Broker / Authorised Person Model

Sub broker is indicated toward small firms which are in search for a franchise to invest in. The rightful way of dealing in Affluence Shares trademark, will be provided to the sub brokers, with a revenue option of the end.

Affluence Shares Referral program Model

It is indicated towards the individual account holders, who can contribute some clients to the company, by referring them. The return would be a commission of fixed amount.


Affluence Shares Sub broker Commission / Revenue Sharing

The rightful way of making profit will be through the designated Affluence Shares Franchise Revenue Sharing Model as described below, in the table.

Revenue Sharing
Master FranchiseNA
Sub Broker60% – 80%
RemisierNA
Referral ProgramRs.1,500 per Refer

Moving on to the revenue entitlements, an account holder enrolled for the referral program will be able to earn of profit of Rs.1,500 per Refer. The revenue entitlement for the sub broker is however in a range of percentage. The percentage ranges in between 60% – 80%.


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Affluence Shares Franchise Cost / Security Deposit

Affluence Shares Franchise Cost is the security deposit required to be made in order to come to an agreement of forming sub brokership. The contract has a norm of payment and it goes by as follows, for both the business models.

Security Deposit
Master FranchiseNA
Sub BrokerRs.50,000 – Rs.150,000
RemisierNA
Referral ProgramZero

Stating the obvious for the referral program, the nature of the program requires absolutely no amount of security deposit at all. On the other front, the sub brokers will have to make a deposit which varies in between Rs.50,000 – Rs.150,000.


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Affluence Shares Partner Infrastructure Requirement

Some requirements are necessary to commence the franchise business, so, let us begin with discussing about the Affluence Shares Infrastructure Requirement. Following would be some other set of requirements mentioned in the same table.

Infrastructure Requirement
Office AreaNot Mandatory
Employee StrengthNot Mandatory
Research ServicesYes
Internet ConnectionNo
Trading TerminalsYes
Telephone LinesNo

Availing the referral program does not need any requirement, however, if the sub brokership is availed, the requirements start with research services and trading terminals. The office area and the employee strength is not mandatory for this firm.


Affluence Shares Sub Broker Offers

Sub brokers are an assets for the company, as a lot of dealing would be done through them. Hence, there are some Affluence Shares Sub Broker Offers provided in order to encourage the respective sub brokers.

Offers
Zero DepositNo
10k Initial DepositNo
Flexible Revenue SharingYes
Flat Revenue SharingNo
Zero Revenue Sharing with PrepaidNo

Since, the referral program is not actually a program, and filled with full benefits for the account holders. It is excluded from the offers list. The mere offer provided is of flexible revenue sharing models, where any amount form the given range can be provided.


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Affluence Shares Franchise Support

A support never goes out of the success’s way, and this company tries its best to support the sub brokers, who wish to work for them. Similarly, the Affluence Shares Franchise Support services are as following.

Support
Marketing SupportYes
Back-Office SupportYes
Trading SupportNo
Advisory SupportNo
Dealing TrainingYes
Acquisition TrainingNo
Product TrainingNo

There are many kind of support options the company could have provided, but it choose to provide only 3 of them. These three are however, the most important aspects and would significantly contribute to the sub brokers. They are marketing, back office and lastly dealing training.


Affluence Shares Authorised Person – Brokerage Charges to Clients

Go for a single asset class or a bunch of assets classes and invest in them. You will have to pay Affluence Shares Brokerage Charges on all of them, irrespective of the number of investment options you went for. Here are the charges of all the asset classes.

Brokerage Charges to Clients
Equity Delivery0.25%
Equity Intraday0.02%
Equity Futures0.02%
Equity OptionsRs.10 per Lot
Currency Futures0.03%
Currency OptionsRs.10 per Lot
Commodity0.04%

The assets classes which have the similar set of charges are Equity Options and Currency Options of charge Rs.10 per Lot. Other couple of similar charges assets are Equity Intraday and Equity Futures of 0.02%. Remaining charges are Equity Delivery of 0.25%, currency futures of 0.03% and commodity of 0.04%.


Affluence Shares Partner – Account Opening Charges to Clients

Opening an account with this broker house is quite feasible as the technology assistance of the company is remarkable and also the Affluence Shares Account Opening Charges are economic. Also, the average money to maintain the account is only Rs.1,000, all time low.

Account Opening Charges to Clients
Demat AMCPercentage of Transaction
Trading AMCRs.399 per Annum
Account Opening ChargesRs.250
Transaction Charges0.00250%
Margin MoneyMinimum Rs.1,000

Open an account with a small payment of Rs.250. the further charge obligation will turn to the AMC, where the demat AMC is Percentage of Transaction and trading AMC is Rs.399 per Annum. Further, the transaction charge imposed will be at the rate of 0.00250%.


Benefits of Affluence Shares Partner Program

Read on the following pointers, to have a quick idea of how you shall be benefited if you choose to open an account with the company or on the contrary opt for the sub broker business model.

  • Support services provided by the company facilitate quick execution of the some quality trade and operations.
  • Customers would be quite happy to find the company actually imposes a lesser percentage of brokerage charges on them as compared to some other reputed broking houses.
  • Referral program is a source of additional income for the account holders, without any investment required.
  • Flexible revenue sharing model provides the opportunity of investing more with the company and also by if the sub brokers are low on capital.

Become a Sub Broker with Affluence Shares – Just Fill up the form

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