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Becoming an authorised partner in the financial market is an alluring opportunity for those who want to play a significant part in securities trading. They act as middleman between authorised partners and investors, facilitating the purchase and sale of securities.
Nonetheless, this position has particular duties and requirements, which serve as the basis to guarantee that applicants have the required training, experience, and financial security. This essay examines important eligibility requirements, including educational background, legal standards, and necessary qualities, which are critical for anyone hoping to become a reputable Authorised Partner in the ever-changing financial industry. A successful career in this sector requires an understanding of these requirements.
According to the National Stock Exchange definition, an Authorised Partner acts as an agent on behalf of a trading member (a stockbroking firm). They function similarly to a broker but work as the middleman between the customer and the main broker. While an authorised partner is the middleman between an investor and the stock exchange, an Authorised Partner (Authorised person) is the middleman between the authorised partner and the investor.
The job of an Authorised Partner is to mediate between the broker and client and assist the client in various activities such as financial transactions and paperwork.
To become an Authorised Partner, individuals need to meet specific requirements. These eligibility criteria for Authorised Partners may vary but generally include the following:
Aside from the eligibility criteria mentioned above, there are some other qualifications it is preferable to have. Here’s a closer look at some of them.
This comes in handy when advising clients about their investment strategies. You must recommend investments suited to the investor’s risk and return profile.
Knowing how the markets function is not enough. You need to learn more about the events and influencers that affect the economy since they will also impact the financial market.
Since stock broking is a very competitive business, it can help if you are persuasive by nature. This will encourage investors to choose the trading member you’ve partnered with and engage with you as their preferred advisor.
Beyond the financial markets and the national economy, Authorised Partners also need to have up-to-date knowledge of international happenings since they can influence how the Indian markets move.
Authorised partner qualifications also require that you be literate in computers and technology since you would need to help investors trade electronically on the stock markets.
Subbroking is a lucrative business, particularly for people interested in the financial markets and those passionate about investing. Today, many of the leading stock broking houses in the country offer their own sub-broking and partnership programs for people interested in becoming Authorised Partners. The only factor is to fulfil the eligibility criteria for Authorised Partners and have authorised partner qualifications.
This field is also highly suitable for millennials who wish to become entrepreneurs, start their own businesses, and work from anywhere, anytime. It can also help professionals and homemakers expand their scope of work and hone their expertise in this field.
If you’re interested in venturing into this area, ensure you know the Authorised Partner eligibility criteria and the qualifications set by the trading member you intend to partner with. You can consider partnering with reputed firms like IIFL Capital Services Limited as an Authorised Partner.
Become a Partner & Earn up
to 1 Lakh* per Month!
The documents required to fulfil the eligibility criteria are:
If you have experience in the finance segment and a client base, then you are good to go! To become a financial advisor with IIFL Capital Services Limited, you must have a few basic documents and experience in finance. IIFL Capital Services Limited ensures that becoming an Authorised Partner is smooth and hassle-free for you. All you have to do is submit your details in the form on the Authorised Partner IIFL Capital Services Limited page. An IIFL Capital Services Limited representative will call you and take the procedure ahead.
IIFL Capital Services Limited offers up to 70% brokerage share, the highest in the industry.
Authorised Partners need to be knowledgeable about the financial markets to properly counsel clients, make wise judgments, and foster confidence. Understanding trading procedures, market trends, and economic considerations guarantees improved customer service and business expansion, but they must pass minimum Authorised Partner eligibility.
Become a Partner & Earn up
to 1 Lakh* per Month!
