Patel Wealth is a key player in the stock market with hundreds of Patel Wealth Sub Broker working under them across India.
Having established in 2015, Patel Wealth Advisors have reached the top position with its best brokerage services. There are many factors associated which makes a good franchise company like offers, business models, requirements to register as partners/franchisee and so on. We will discuss in depth about these factors and Patel Wealth Advisors sub-broker company in detail.
Patel Wealth Franchise – Customer Ratings
Find below table to know Customer Ratings of Patel Wealth Sub Broker:
|Revenue Sharing Model||2.5/5|
According to ratings, we can assume that customers are satisfied with services provided. By taking the average of all the ratings of factors, Patel Wealth Advisors Sub Broker Customer ratings are 3 out of 5.
Overview of Patel Wealth Franchise / Sub Broker
Details about Patel Wealth Franchise is given in the below table:
|Broker type||Full Service Broker|
|SB Code Activation Time||28 Days|
|Payout Time||30 Days|
Minish Patel is the founder of Patel Wealth Advisors Sub Broker Company. The company was established in 2015, and its headquarters is located in Ahmedabad, Gujarat. Professionals working in the company have 24+ years of experience in the industry.
Patel Wealth Advisors sub-broker activation time would be 28 days and payout time is 30 days.
Become a Sub Broker with Patel Wealth – Just Fill up the form
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Patel Wealth Sub Broker – Business Models
Find below table for details:
Patel Wealth provide sub-brokership to individuals and entities who want to work along with them. The Patel Wealth Sub Brokers business model is described below –
Patel Wealth Sub Broker / Authorised Person Model
Here Patel Wealth Advisors Company is the franchiser and individuals/company who gets qualified will become a franchisee. Now franchisee is the partner and can do the business in multiple locations with the name of parent company, i.e. Patel Wealth Advisors.
Majority of the profit share goes to partners (franchisee), and a little per cent of the amount will go for franchisers.
Patel Wealth Advisors Referral Program
Referral programs are a great way to expand business at a fast pace. For any business to be successful, the primary rule is that people should know about it. One method is to advertise by spending money, and another way is by referral programs.
In the referral program, sub-brokers will try for interested people, and they make them join the company. Appreciating the efforts a certain amount of money will be credited to sub-brokers. The more people they join, the more money they get. Sub-brokers will get additional income based on the participation of the people referred by them.
Patel Wealth Sub Broker Commission / Revenue Sharing
Find below table to know Patel Wealth Securities Franchise Commission Models and Revenue Sharing Models:
|Sub Broker||60% – 80%|
|Referral Program||Rs.2,500 per Refer|
Patel Wealth Advisors revenue sharing models are as follows.
- Sub broker
- Referral program
Around 60% to 80% of the revenue generated will be shared to sub-broker. It is evident because sub broker is the partner (being franchisee) and takes care of the business and sub broker is the one responsible for generating revenue.
People who work with the company under referral program gets Rs, 2,500 per referral. As said above, the customers who you refer will have to pay between Rs. 40,000 to Rs. 1,00,000 as a security deposit and only then referral amount gets credited.
Check Revenue Sharing Models of other Stock Broking Franchise
Patel Wealth Franchise Cost / Security Deposit
Below Tables gives a good understanding of Patel Wealth Securities Franchise Cost:
|Sub Broker||Rs.45,000 – Rs.100,000|
Sub-broker model is only available in which one can start with a minimum of Rs 40,000/- for the partnership with the company. Patel Wealth Advisors Sub Broker Security Deposit accepts between the range of Rs. 40,000 to 1,00,000.
The amount invested is directly proportional to the revenue share of the sub-broker. In simple terms, the more you invest, the more revenue share you get.
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Patel Wealth Partner Infrastructure Requirement
Check the table to know Patel Wealth Partner Infrastructure Requirement:
|Office Area||Minimum 100 Sq Ft|
|Employee Strength||Not Mandatory|
Patel Wealth Advisors franchise mandatory requirements are as follows.
- Minimum of 100 square feet office area
- Research services
- Good Internet Connection
Employee strength is not compulsory, but good infrastructure with a good number of employees and internet connection is all needed.
Patel Wealth Sub Broker Offers
Find below various The Patel 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 company is transparent towards its offers so that no misunderstandings happen between them and their partners, customers. Patel Wealth Advisors Sub Broker Offers are as follows.
- Zero deposit option is available
- Flexible revenue sharing
The reason to offer flexible revenue sharing is that the returns are more when people invest more money and vice versa. In this case, the company cannot promise for flat revenue share on profits.
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Patel Wealth Franchise Support
Below table consist of various support provided by Patel Wealth Authorised Person program:
Sub brokers working with Patel Wealth Advisors will get support in the following domains.
- Advisory support
- Back-office support
- Product training
- Dealing training
They do not provide support in marketing, acquisition and training.
Patel Wealth Authorised Person – Brokerage Charges to Clients
The table gives proper information of Patel Wealth Brokerage charges levied to its Franchise Clients:
|Equity Options||Rs.35 per Lot|
|Currency Options||Rs.35 per Lot|
Brokerage charges to clients are explained in the table below.
The company charges 0.35% for equity delivery, 0.04% for equity Intraday and Futures. Along with this, they are offering Rs. 35 per lot to equity and currency options.
Patel Wealth Partner – Account Opening Charges to Clients
The table gives proper information of Patel Wealth Account opening charges levied to its Franchise Clients:
|Demat AMC||Rs.250 per Annum|
|Account Opening Charges||Rs.250|
|Margin Money||Minimum Rs.1,500|
The company charges Rs. 250 for opening a new account. While trading AMC is free, they charge Rs. 250 per annum for Demat AMC. Transaction charges are also very low and are 0.00305%, and the margin money is a minimum of Rs. 1,500.
Benefits of Patel Wealth Partner Program
The Patel Wealth Sub-brokers program is beneficial for the sub-brokers as –
Getting the work done on time and customer support are the two critical factors for improving the business. Patel Wealth Advisors have both these factors which make them one of the top companies in the market. Some more benefits of working with this company are as follows:
- Experienced people for getting work done
- Franchise support
- Revenue sharing
- 24*7 Customer support
- Zero deposit
Become a Sub Broker with Patel Wealth – Just Fill up the form
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