Stewart & Mackertich Sub Broker / Franchise / Authorised Person / Partner Review

Stewart & Mackertich is a key player in the stock market with hundreds of Stewart & Mackertich Sub Broker working under them across India.

Top Business Model Sub Broker
Revenue Sharing 60% – 80%
Security Deposit Rs.50,000 – Rs.200,000
Become Sub Broker in 35 Days
Receive Payout in 35 Days
Founder Santosh Dadeech
Established Year 1993

Stewart & Mackertich WMS has its base in Kolkata, West Bengal and has been successfully serving its customer over 26 years now. Stewart & Mackertich WMS is a public company that provides full brokerage services to its partners and customers.

Let’s analyse the offers, benefits, brokerage charges and other programmes covered by Stewart & Mackertich WMS.

Stewart & Mackertich WMS

Stewart & Mackertich Franchise – Customer Ratings

Find below table to know Customer Ratings of Stewart & Mackertich Sub Broker:

Experience 2.2/5
Services 2.3/5
Products 2.5/5
Trading Platforms 2.3/5
Support 2.4/5
Revenue Sharing Model 2.3/5
Security Deposit 2.5/5
Offers 2.2/5
Market Share 2.3/5
Overall Ratings 2.3/5
Star Ratings ★★★☆☆

It is one of the oldest and most renowned share broking company’s in Kolkata. Stewart & Mackertich WMS has made a big impression on its customers. The Customer Rating of Stewart & Mackertich WMS Share Sub Broker is way better and others.

The people who have worked with the company have claimed that the company presents good customer services, security deposits, experience, revenue sharing model, support, etc. After considering the pointers, we found that that the average rating for the company is around 3 out of 5 which proves its excellence.

Overview of Stewart & Mackertich Franchise / Sub Broker

Details about Stewart & Mackertich Franchise is given in the below table:

Company Type Private
Broker type Full Service Broker
Headquarters Kolkata, West Bengal
Founder Santosh Dadeech
Established Year 1993
SB Code Activation Time 35 Days
Payout Time 35 Days

Stewart & Mackertich Sub BrokerStewart & Mackertich WMS is a public company that presents full brokerage service to all its customers. It was established by Santosh Dadeech in the year 1993 and has its headquarters in  Kolkata.

The Sub Broker Activation time required for Stewart & Mackertich WMS Sub Broker is 35 days and their payout time is 35 days.

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    Stewart & Mackertich Sub Broker – Business Models

    Find below table for details:

    Master Franchise No
    Sub Broker Yes
    Remisier No
    Referral Program Yes


    Stewart & Mackertich Sub Brokership

    In this model, the Stewart & Mackertich WMS let other sub-brokers work for them by providing them the franchise of the company. It allows multiple brokers to work for the same company.

    Stewart & Mackertich Sub Broker Commission / Revenue Sharing

    Find given table to know Stewart & Mackertich Franchise Commission Models and Revenue Sharing Models:

    Master Franchise NA
    Sub Broker 60% – 80%
    Remisier NA
    Referral Program 10%

    Since it is a well-known broking firm in Kolkata, Stewart & Mackertich WMS offers amazing and lucrative Revenue Sharing opportunities to its partners.

    The commission received by the brokers of Stewart & Mackertich WMS have their revenue sharing charges about 10% depending on the amount of security deposit that they have kept with the company.

    As for the Sub broker business model, the sub brokers are allowed starting from 60% of the leads and can range maximum up to 80% of the leads that they provide the company with and the converts.

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    Stewart & Mackertich Franchise Cost / Security Deposit

    Below Tables gives a good understanding of Stewart & Mackertich Franchise Cost:

    Master Franchise NA
    Sub Broker Rs.50,000 – Rs.200,000
    Remisier NA
    Referral Program Zero

    The Security deposit required by the firm for its franchise depends on the program you choose, here have a look:

    For the Referral Program Business model, you will be required to procure no amount.

    For the Sub broker model, one needs to provide a minimum of Rs 50,000 at the beginning of their partnership with Stewart & Mackertich WMS. One can go as high as Rs 200,000. Higher deposit will give you higher revenues.

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    Stewart & Mackertich Partner Infrastructure Requirement

    Check the table to know Stewart & Mackertich Partner Infrastructure Requirement:

    Office Area Minimum 100 Sq Ft
    Employee Strength Minimum 1
    Research Services No
    Internet Connection No
    Trading Terminals Yes
    Telephone Lines No

    Below requirements should be met to get a franchise license from the firm. These are some basic ones.

    • You should be in possession of at least 100 sq. Feet office area that you are working in.
    • You should have at least 1 employees working for and under you.
    • It is not mandatory to do Research services.
    • You may or may not have an active and smooth running internet connectivity which is pretty basic.
    • You should have Trading Terminals.
    • It is not mandatory for your office area to have some telephone lines.

    Stewart & Mackertich Sub Broker Offers

    Find below various The Stewart & Mackertich Sub Broker Offers:

    Zero Deposit No
    10k Initial Deposit No
    Flexible Revenue Sharing Yes
    Flat Revenue Sharing No
    Zero Revenue Sharing with Prepaid No

    The offers provided by Stewart & Mackertich WMS are considered simple yet the best among its competitor. The people working in Stewart & Mackertich WMS feel that it is very important to provide each and everyone with enough opportunities. Here are some of the offers allowed by the company:

    • The company allows you to have flexible revenue sharing.
    • It does also allows for Zero revenue sharing with prepaid.
    • However, it does not allow the sub-brokers the facility of zero deposits and flat revenue sharing.

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    Stewart & Mackertich Franchise Support

    Below table consist of various support provided by Stewart & Mackertich Authorised Person program:

    Marketing Support No
    Back-Office Support Yes
    Trading Support No
    Advisory Support No
    Dealing Training Yes
    Acquisition Training Yes
    Product Training No

    Some of the support facilities provided to the sub-brokers by Stewart & Mackertich WMS are:

    • Back-office support
    • Dealing training
    • Acquisition training.

    Stewart & Mackertich Authorised Person – Brokerage Charges to Clients

    The table gives proper information of Stewart & Mackertich Brokerage charges levied to its Franchise Clients:

    Equity Delivery 0.36%
    Equity Intraday 0.04%
    Equity Futures 0.04%
    Equity Options Rs.36 per Lot
    Currency Futures 0.04%
    Currency Options Rs.36 per Lot
    Commodity 0.04%

    The brokerage Charges given by Stewart & Mackertich WMS to its sub-brokers are usually as per the normal market rates. They charge 0.36% to equity delivery, 0.04% to equity intraday, equity futures and currency futures. They offer Rs 36 per lot to equity options and Rs 36 per lot to currency options.

    Stewart & Mackertich Partner – Account Opening Charges to Clients

    The table gives proper information of Stewart & Mackertich Account opening charges levied to its Franchise Clients:

    Demat AMC Rs.250 per Annum
    Trading AMC Free
    Account Opening Charges Rs.250
    Transaction Charges 0.00299%
    Margin Money Minimum Rs.5,100

    The charges acquired by the clients working under Stewart & Mackertich WMS are very reasonable and valid. They charge Rs 250 for Demat AMC and provide free Trading AMC. The account opening charge is Rs 250 and the transaction charges run up to 0.00299%; and the margin of minimum 5,100.

    Benefits of Stewart & Mackertich Partner Program

    The Stewart & Mackertich Sub-brokers program is beneficial for the sub-brokers as –

    One can make lucrative incentives by working with the firm. Along with that some other benefits you get by working with Stewart & Mackertich WMS includes:

    • Advantage of working with a renowned firm.
    • Quick online account opening process for the clients
    • Client Acquisition support
    • Flexible Revenue sharing
    • Back-office support.

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