NJ Wealth is a key player in the stock market with hundreds of NJ Wealth Sub Broker working under them across India.
NJ Wealth is the best investment company in Surat, Gujarat. The company has stayed true to its vision of bringing prosperity to the investors. They follow the best investment philosophies in the industry and believes in value-based investing which help them in identifying the right stock for the investors. It has a high-quality network of sub-brokers who provide excellent services.
Here in this article, we give you the review of NJ Wealth, and the analysis of the sub-broker offers, security deposit and infrastructure requirements, franchise revenue sharing models and the benefits for sub-brokers. With this information, you will be able to appreciate the company’s benefits to you.
NJ Wealth Franchise – Customer Ratings
Find below table to know Customer Ratings of NJ Wealth Sub Broker:
|Revenue Sharing Model||2.5/5|
The customer rating of NJ Wealth is 2.4. This is an average rating provided by customers which shows how satisfied the customers are with there services. The firm has a lower rating for its trading platforms.
The overall average rating of NJ Wealth is 3 out of 5 after considering various factors such as revenue-sharing model, security deposit and customer experience.
Overview of NJ Wealth Franchise / Sub Broker
Details about NJ Wealth Franchise is given in the below table:
|Broker type||Full Service Broker|
|Headquarters||SURAT , GUJARAT|
|SB Code Activation Time||30 Days|
|Payout Time||31 Days|
NJ Wealth is a public company providing full-service as a broker and headquartered in Surat, Gujarat. Neeraj Choksi founded the company in 1994. Since then, the company has served its investors well increasing their returns multifold.
The sub broker activation time for NJ Wealth is 30 days. The average payout time is 31 days which is better than most sub brokerage agencies.
Become a Sub Broker with NJ Wealth – Just Fill up the form
Compare Sub Broker Franchise
NJ Wealth Sub Broker – Business Models
Find below table for details:
NJ Wealth Sub Brokership
The sub broker business of NJ Wealth allows individual brokers to work under the company name. This is a franchise model that acts like a monopoly business in which multiple brokers can do work in the same workplace.
NJ Wealth Master Franchise model
The master franchise business of NJ Wealth allows individual brokers to work under the company name. This is a franchise model that acts like a monopoly business in which multiple brokers can do work in the same workplace. It also enables the sub-brokers to form their alliance with other sub-brokers.
NJ Wealth Sub Broker Remisier Programs
The sub-broker business of NJ Wealth allows individual brokers to work under the company name. This is a franchise model that acts like a monopoly business in which multiple brokers can do work in the same workplace.
NJ Wealth Sub Broker Commission / Revenue Sharing
Find below table to know NJ Wealth Securities Franchise Commission Models and Revenue Sharing Models:
|Master Franchise||75% – 80%|
|Sub Broker||50% – 70%|
NJ Wealth is one of the most renowned sub brokers in Surat. They made their franchise commission on revenue sharing quite fair and transparent for the sub-brokers. The revenue sharing model of NJ Wealth is as follows:
- Master Franchise
- Sub broker
The commission for the master franchise under the NJ Wealth ranges from 75% – 80%. The commission for sub-brokers under the NJ Wealth range from 50% – 70%. This amount can vary based on the amount of security deposit available with the company. The commission for the Remisier program is Rs 20%.
Check Revenue Sharing Models of other Stock Broking Franchise
NJ Wealth Franchise Cost / Security Deposit
Below Tables gives a good understanding of NJ Wealth Securities Franchise Cost:
|Master Franchise||Rs.200,000 – Rs.500,000|
|Sub Broker||Rs.50,000 – Rs.100,000|
Sub-brokers are required to deposit security amount to gain license under NJ Wealth brand name. For the master franchise business model, you will need to invest Rs 2,00,000 – Rs 5,00,000. For the sub-broker business model, you will need to invest Rs 50,000.
For sub-brokers who want to have higher revenue share, they are required to invest Rs 1,00,000 as security money. This initial investment is fully refundable and will be given back at the time when you opt-out of the licensing program. The investment required for Remisier program is Rs 10,000.
Know everything about other Sub Broker Franchise:
|Angel Broking Sub Broker||Sharekhan Sub Broker||Kotak Securities Sub Broker|
|ICICI Direct Sub Broker||IIFL Sub Broker||SMC Sub Broker|
|Nirmal Bang Sub Broker||Sushil Finance Sub Broker||Profitmart Sub Broker|
NJ Wealth Partner Infrastructure Requirement
Check the table to know NJ Wealth Partner Infrastructure Requirement:
|Office Area||Minimum 250 Sq Ft|
|Employee Strength||Minimum 2|
The following infrastructure needs to be present to attain NJ Wealth sub-broker license:
- Minimum 250 sq. ft area office
- Minimum 2 employees are needed
- You need to have research services that enable you to gain research information quickly
- You need to have internet services
- You need to have trading terminals for executing the trade
- You t need to have telephone lines for executing the trade
These are the most basic requirements for running an office. The NJ Wealth infrastructure requirements can easily be fulfilled with very little investment.
NJ Wealth Sub Broker Offers
Find below various The NJ Wealth Capital Share Sub Broker Offers:
|10k Initial Deposit||Yes|
|Flexible Revenue Sharing||Yes|
|Flat Revenue Sharing||Yes|
|Zero Revenue Sharing with Prepaid||No|
NJ Wealth provides one of the best offers for sub-brokers that enables them to become high performing investment managers. Below are the offers provided by the company
- Zero deposit
- 10K initial deposit
- Flat revenue sharing
- Flexible revenue sharing
Get details about other Sub Broker Offers:
|Prabhudas Lilladher Sub Broker||IDBI Direct Sub Broker||Swastika Investment Sub Broker|
|Motilal Oswal Sub Broker||Ventura Securities Sub Broker||SKI Capital Sub Broker|
|Sykes & Ray Sub Broker||Geojit Finance Sub Broker||Zerodha Sub Broker|
NJ Wealth Franchise Support
Below table consist of various support provided by NJ Wealth Authorised Person program:
NJ Wealth franchise support consists of the following
- Back office support
- Advisory support
- Acquisition training
- Dealing training
- Trading support
But the individual brokers have to deal with the marketing support and product training on their own, since its not provided by the firm.
NJ Wealth Authorised Person – Brokerage Charges to Clients
The table gives proper information about NJ 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.10 – Rs.20 per Lot|
|Commodity||0.01% – 0.02%|
NJ Wealth brokerage charges are at par with market charges. They are as follows:
- Equity Delivery is charged at 0.1% – 0.2%.
- Equity Intraday delivery is charged at 0.01% – 0.02%.
- Equity Futures is charged at 0.01% – 0.02%.
- Equity Options delivery is charged at Rs.10 -20 per Lot.
- Currency Futures trading is charged at 01% -0.02%.
- Currency Options trading is charged at Rs.10 -20 per Lot.
- Commodity trading is charged at 0.01% – 0.02%.
NJ Wealth Partner – Account Opening Charges to Clients
The table gives proper information of NJ Wealth Account opening charges levied to its Franchise Clients:
|Trading AMC||Rs.250 per Annum|
|Account Opening Charges||Rs.300|
|Margin Money||Minimum Rs.3,000|
NJ Wealth charges to clients are very minimal compared to that of other brokers in the market. This has been the main selling point for the company’s excellent services. Demat AMC is free of cost. The trading AMC is minimum at Rs 250. The account opening charges are Rs 300. The transaction charges are at 0.00325%. The margin money charges are Rs 3,000.
Benefits of NJ Wealth Partner Program
The NJ Wealth Sub-brokers program is beneficial for the sub-brokers as –
Being a partner with NJ Wealth provides high financial returns and comfortable work life. Many sub-brokers have attained financial well being within a short period from when they have associated with us. There are also other advantages such as:
- High returns for investors
- Strong brand name
- Minimal charges for accounts
- Excellent back-office support for customers and sub brokers.
All in all, NJ Wealth is the best place for sub brokers who want to make a mark in the investment broking sector.
Become a Sub Broker with NJ Wealth – Just Fill up the form
Get details about other Stock Broking Franchise:
|Tradebulls Sub Broker||5Paisa Sub Broker||AasthaTrade Sub Broker|
|Religare Securities Sub Broker||Edelweiss Sub Broker||Karvy Sub Broker|
|Arihant Capital Sub Broker||Alice Blue Sub Broker||Narnolia Sub Broker|