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 Model | Sub Broker |
| Revenue Sharing | 60% – 80% |
| Security Deposit | Rs.50,000 – Rs.150,000 |
| Become Sub Broker in | 26 Days |
| Receive Payout in | 33 Days |
| Founder | Dhiren Mahendrkumar Shah |
| Established Year | 2000 |
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 charges are as well customer oriented. Check out the numerical representation for yourself.
Affluence Shares Franchise – Customer Ratings
Lean over to the Affluence Shares Sub Broker and clients rating, where the kind of experience they encountered can be assumed and future performance can be predicted.
| Customer Ratings | |
| Experience | 2.5/5 |
| Services | 2.4/5 |
| Products | 2.6/5 |
| Trading Platforms | 2.4/5 |
| Support | 2.6/5 |
| Revenue Sharing Model | 2.4/5 |
| Security Deposit | 2.3/5 |
| Offers | 2.6/5 |
| Market Share | 2.3/5 |
| Overall Ratings | 2.4/5 |
| 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 a 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 opportunities 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 in Daman.
| Affluence Shares Overview | |
| Company Type | Private |
| Broker type | Full Service Broker |
| Headquarters | Daman |
| Founder | Dhiren Mahendrkumar Shah |
| Established Year | 2000 |
| SB Code Activation Time | 26 Days |
| Payout Time | 33 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.
Become a Sub Broker with Affluence Shares – Just Fill up the form
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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 individual 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 Franchise | No |
| Sub Broker | Yes |
| Remisier | No |
| Referral Program | Yes |
Two kinds 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 of a franchise to invest in. The rightful way of dealing in the Affluence Shares trademark will be provided to the sub brokers, with a revenue option at 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 a fixed amount.
Affluence Shares Sub broker Commission / Revenue Sharing
The rightful way of making a profit will be through the designated Affluence Shares Franchise Revenue Sharing Model as described below, in the table.
| Revenue Sharing | |
| Master Franchise | NA |
| Sub Broker | 60% – 80% |
| Remisier | NA |
| Referral Program | Rs.1,500 per Refer |
Moving on to the revenue entitlements, an account holder enrolled in 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 percentages. The percentage ranges between 60% – 80%.
Check out Revenue Sharing of other Sub Brokers
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 as follows, for both business models.
| Security Deposit | |
| Master Franchise | NA |
| Sub Broker | Rs.50,000 – Rs.150,000 |
| Remisier | NA |
| Referral Program | Zero |
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.
Here is Security Deposit info of other Stock Broking Franchise
Affluence Shares Partner Infrastructure Requirement
Some requirements are necessary to commence the franchise business, so, let us begin with discussing the Affluence Shares Infrastructure Requirement. Following would be some other set of requirements mentioned in the same table.
| Infrastructure Requirement | |
| Office Area | Not Mandatory |
| Employee Strength | Not Mandatory |
| Research Services | Yes |
| Internet Connection | No |
| Trading Terminals | Yes |
| Telephone Lines | No |
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 employee strength are not mandatory for this firm.
Affluence Shares Sub Broker Offers
Sub brokers are 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 Deposit | No |
| 10k Initial Deposit | No |
| Flexible Revenue Sharing | Yes |
| Flat Revenue Sharing | No |
| Zero Revenue Sharing with Prepaid | No |
Since, the referral program is not actually a program, and is 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 from the given range can be provided.
Check out other companies Sub Broker Offers
Affluence Shares Franchise Support
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 follows.
| Support | |
| Marketing Support | Yes |
| Back-Office Support | Yes |
| Trading Support | No |
| Advisory Support | No |
| Dealing Training | Yes |
| Acquisition Training | No |
| Product Training | No |
There are many kinds 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 asset 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 for all the asset classes.
| Brokerage Charges to Clients | |
| Equity Delivery | 0.25% |
| Equity Intraday | 0.02% |
| Equity Futures | 0.02% |
| Equity Options | Rs.10 per Lot |
| Currency Futures | 0.03% |
| Currency Options | Rs.10 per Lot |
| Commodity | 0.04% |
The asset classes which have a similar set of charges are Equity Options and Currency Options charge Rs.10 per Lot. Other couples of similar charges assets are Equity Intraday and Equity Futures of 0.02%. The remaining charges are Equity Delivery at 0.25%, currency futures at 0.03%, and commodity at 0.04%.
Affluence Shares Partner – Account Opening Charges to Clients
Opening an account with this broker house is quite feasible as the technical 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, an all-time low.
| Account Opening Charges to Clients | |
| Demat AMC | Percentage of Transaction |
| Trading AMC | Rs.399 per Annum |
| Account Opening Charges | Rs.250 |
| Transaction Charges | 0.00250% |
| Margin Money | Minimum 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 the quick execution of 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.
- The referral program is a source of additional income for the account holders, without any investment required.
- A 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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