Goodwill Wealth is a key player in the stock market with hundreds of Goodwill Wealth Sub Brokers working under them across India.
|Top Business Model||Sub Broker|
|Revenue Sharing||50% – 70%|
|Security Deposit||Rs.50,000 – Rs.100,000|
|Become Sub Broker in||30 Days|
|Receive Payout in||31 Days|
Goodwill Wealth Management company has earned a name for itself in the last 10 years of its operation. The article will elaborate on the details of the company and Goodwill Wealth Franchise, including their revenue-sharing options, brokerage plans, and infrastructural or eligibility criteria.
Apart from this, the article will also cover the other business model of the company and the brokerage and other charges applicable.
Goodwill Wealth Franchise – Customer Ratings
Find the below table to know the Customer Ratings of Goodwill Wealth Sub Broker:
|Revenue Sharing Model||2.5/5|
The company within only 10 years of its working has earned quite a good amount of Goodwill to justify its name. The customers are satisfied with the services provided by the company and the sub-brokers and other partners of the company as predictable by a 2.4 rating out of 5.
The partners are also satisfied with the revenue-sharing model as dictated by the 2.5 ratings. The offers provided by the company are also well accepted in the market and the support provided by the company towards the sub-brokers and the customers is also well-rated.
Overview of Goodwill Wealth Franchise / Sub Broker
Details about Goodwill Wealth Franchise are given in the below table:
|Broker type||Full Service Broker|
|Headquarters||Chennai, Tamil Nadu|
|SB Code Activation Time||30 Days|
|Payout Time||31 Days|
Goodwill Wealth Management is a share broking agency that is a private concern established in the year 2008. The company was formed by GandhimathiBhaskaran and for the last 10 years, it is running as a full-service broker with an array of agents and sub-brokers working under it.
The Chennai-based company with branches all over the country has 30 days as the sub-broker code activation time. The payout time for the sub-brokers is also around 31 days.
Become a Sub Broker with Goodwill Wealth – Just Fill up the form
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Goodwill Wealth Sub Broker – Business Models
Find below table for details:
Goodwill Wealth provides sub-brokership to individuals and entities who want to work along with them. The Goodwill Wealth Sub Brokers business model is described below –
The company has two business models which are –
Sub-brokership business model:
Goodwill Wealth Sub Brokership
It is a business model where the company offers or allows various sub-broking companies to sell its products and services to their own clientele. The revenue generated by the sub-brokers is divided into a certain ratio between the company and the sub-brokers. Here the company provides support to the sub-broker and the sub-broker needs to keep a certain amount of security deposit to start the business.
Goodwill Wealth Remisier Business Model
The Remisier can also be called an agent. The work of the agent is to get leads from the market and let the company know about them. If revenue is generated from the lead then the company would provide the agent a part of the revenue as a commission.
This is not sub-brokership as individual people work as agents and do not sell the products and the services directly to the clients, they just get the leads. The investment is also lower compared to the sub-brokership business model and also the amount of profit or commission.
Goodwill Sub Broker Commission / Goodwill Revenue Sharing
Find below table to know Goodwill Wealth Franchise Commission Models and Revenue Sharing Models:
|Sub Broker||50% – 70%|
The Goodwill Wealth Management Revenue Sharing Model is dependent on the amount of security deposit kept by the sub-brokers. There is a minimum and a maximum amount of revenue one sub-broker can earn as per the amount of security deposit he or she has kept with the company. The minimum amount of revenue that sub-brokers can earn is 50% of the total revenue made from the sale. The maximum amount can go up to 70% same.
As mentioned above the Remisier or the agents make less commission, they earn a flat 20% on any lead that has been transformed into sales. Their commission is not dependent on their security deposit.
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Goodwill Wealth Franchise Cost / Security Deposit
The below Tables gives a good understanding of Goodwill Wealth Securities Franchise Cost:
|Sub Broker||Rs.50,000 – Rs.100,000|
The security deposit of the Goodwill Wealth Sub Broker is within the range of Rs. 50000 and Rs. 100000. So, the sub-broker who keeps Rs. 50000 as a security deposit can earn 50% of the revenue while the sub-broker with Rs. 1 lakh as deposit earns 70% of the revenue.
For the Remisier, they can start the business with only Rs. 1000.
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Goodwill Wealth Partner Infrastructure Requirement
Check the table to know Goodwill Wealth Partner Infrastructure Requirement:
|Office Area||Minimum 125 Sq Ft|
|Employee Strength||Minimum 1|
The partners of Goodwill Wealth Management need to clear certain eligibility criteria to become sub-brokers or Remisier of the company. The company only provides a sub-brokership license to –
- One has a minimum of 125 square feet of office area.
- The office must have one full-time working employee.
- The partner must have proper research services so that they can help the clients to find the best products to invest their money into.
- An internet connection is mandatory for the office.
Goodwill Wealth Sub Broker Offers
Find below various Goodwill Wealth Capital Share Sub Broker Offers:
|10k Initial Deposit||No|
|Flexible Revenue Sharing||Yes|
|Flat Revenue Sharing||No|
|Zero Revenue Sharing with Prepaid||No|
The Goodwill Wealth Management offers are quite lucrative –
- They offer flexible revenue sharing to the sub-brokers.
- The investment or the security deposit is very low compared to the peers.
- The earning potential is high and there are various services and products to attract customers.
- The Remisier can start their business with only Rs. 1000.
- The support is thoroughly provided by the company including research reports, training about the products, etc.
- There is also a provision for Zero deposit which is beneficial for that one with less amount of capital or who is new to the business.
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Goodwill Wealth Franchise Support
The below table consist of various support provided by the Goodwill Wealth Authorised Person program:
The company provides almost all kinds of support and training to its sub-brokers and the Remisier. Starting with marketing support to Trading support, and back office support all is provided by the company to the partners. The company executives also help sub-brokers with advisory support. The company provides thorough product training to the sub-brokers and also they are trained for dealing with prospective clients. All this support and training help the partner organization to grow their business and also the company business.
Goodwill Authorised Person – Brokerage Charges to Clients
The table gives proper information of Goodwill Wealth Brokerage charges levied to its Franchise Clients:
|Equity Delivery||0.1% – 0.2%|
|Equity Intraday||0.01% – 0.02%|
|Equity Futures||0.01% – 0.02%|
|Equity Options||Rs.10 – Rs.20 per Lot|
|Currency Futures||0.01% – 0.02%|
|Currency Options||Rs.7 – Rs.10 per Lot|
|Commodity||0.01% – 0.02%|
The Goodwill Wealth Management brokerage plans are flexible. They charge –
- For the equity delivery at 0.1% to 0.2%.
- For the equity intraday, futures (equity and currency both) as well as for commodity at 0.01% to 0.02%.
- For the currency options, the brokerage is Rs. 7 to Rs. 10 per lot.
- For the equity options, it is Rs. 10 to Rs. 20 for each lot.
Goodwill Wealth Partner – Account Opening Charges to Clients
The table gives proper information on Goodwill Wealth Account opening charges levied to its Franchise Clients:
|Demat AMC||Rs.333 per Annum|
|Trading AMC||Rs.230 per Annum|
|Account Opening Charges||Zero|
|Margin Money||Zero Margin|
The account opening charges of Goodwill Wealth Management is Nil. The company charges no amount to open an account with it. The charges are applicable on Demat annual maintenance which is Rs. 333 and for the trading account maintenance, it is Rs. 230 per annum. The company does not ask for any margin money which is very helpful for new investors especially. The transaction charges are charges at 0.00333%.
Benefits of Goodwill Wealth Partner Program
The Goodwill Wealth Sub-brokers program is beneficial for the sub-brokers as –
The Goodwill Wealth Management Company is beneficial for the customers as well as for the partners of the company.
- The extremely low brokerage plans attract many investors.
- The flexible revenue-sharing model helps sub-brokers.
- The company charges no margin money which is another benefit for the investors.
- They maintain a great support system for the sub-brokers and Remisier.
Become a Sub Broker with Goodwill Wealth – Just Fill up the form
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