IIFL Franchise, Sub broker Registration Details, Process, and Review

Published on Tuesday, September 29, 2020 by Chittorgarh.com Team | Modified on Friday, December 4, 2020

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IIFL Franchise, Sub broker Registration Details, Process, and Review

IIFL Securities, one of the oldest and largest full-service brokers in India, offers individuals to become entrepreneurs by starting their own business through the IIFL Partner program. IIFL offers four business models to partner with IIFL - IIFL Franchisee/Sub-broker, Marketing Associate, Employee to Entrepreneur, Remissier/Direct Sales Agent. IIFL also provides its entrepreneurs with IIFL AAA (Advisor Anytime Anywhere) as a one-stop solution to carry on their business activities with ease. In this article, we will discuss the details about each business model, the eligibility criteria, benefits of partnering with IIFL, how to become an IIFL partner, IIFL AAA, etc.

Content:

  1. Why partner with IIFL?
  2. How to partner with IIFL?
  3. IIFL Franchise Review
    • Eligibility and Requirements for IIFL Franchise
    • IIFL Franchise Cost
    • IIFL Securities Sub broker registration
    • IIFL Sub broker commission
    • Benefits of IIFL Franchise
  4. IIFL Marketing Associate
  5. IIFL Employee to Entrepreneur
  6. IIFL Remisier / Direct Sales Agent
  7. IIFL AAA (Advisor Anytime Anywhere)
    • Key features of IIFL AAA
    • Benefits of IIFL AAA
    • IIFL AAA App Download
  8. Conclusion
  9. FAQs

Why partner with IIFL?

Before discussing each business model, let us first understand the benefits of associating with the IIFL name.

  • IIFL is a reputed brand name with 2000/5000+ franchisee partners, 10,000+ sub brokers and 40 lakh+ customers.
  • Provides a wide range of product offerings to suit the need of each customer type.
  • Provides training, operations, and real time back-office support for business set-up.
  • Provides world-class research reports to its customers.
  • Uses cutting edge trading platforms.
  • Provides with a one-stop solution 'IIFL AAA' to manage the office at fingertips.

How to partner with IIFL?

To become a partner of IIFL, you are required to provide your details on the company webpage. An IIFL representative will connect with you and take you through the details of the program and provide guidance on its process and documentation.

Steps to partner with IIFL

  • Visit IIFL Securities website
  • Click on the 'Become a Partner' button on the top right corner.
  • Provide your Name, Mobile Number, State, and, City.
  • Select your choice of business model from the dropdown to partner with IIFL. Note: There are four options in the dropdown - Franchisee, Remisier, Entrepreneur, Marketing Associate.
  • Click on Submit.
  • An IIFL representative will shortly connect with you to take you through the program details.
  • On completion of the documentation and other formalities as per the guidance received, you will become the IIFL partner and can start your own business.

IIFL Franchise Review

IIFL Securities Franchise is one of the top business models offered by IIFL. You can become an IIFL sub broker by owning the franchise of IIFL. The aspirant entrepreneurs who are ready to invest a minimum capital of ₹50,000 and looking to earn handsome rewards can opt to become the IIFL sub-brokers.

Eligibility and Requirements for IIFL Franchise

  • 2-3 years of stock market-related experience and knowledge of financial products.
  • Capacity to invest a minimum basic amount.
  • Office setup with phone lines
  • NISM Certification.

IIFL Franchise Cost

A person is required to deposit a minimum of ₹50,000 with the broker to apply for a franchise model. The revenue sharing depends on the deposit kept with the broker. The maximum amount that a person can deposit is ₹200,000. Thus the IIFL Franchise Cost ranges from ₹50,000 to ₹200,000.

Apart from the deposit amount, a person will also have to spend on the office setup and its maintenance that may vary from location to location.

IIFL Securities Sub broker registration

IIFL Securities sub-broker registration is a simple process. You can become an IIFL sub-broker/IIFL franchise owner by signing up for the IIFL partner program run by the company on its website. Refer to the steps provided above in How to partner with IIFL?. For sub-broker registration, you need to select 'Franchisee' from the dropdown as the business model to partner with IIFL.

The onboarding process as an IIFL partner takes about 3-7 working days. On completion of the onboarding process and other formalities as guided by the IIFL representative, you get the IIFL sub-broker login details. It is also known as IIFL Franchise login details that help you manage and track manage your client's profile.

IIFL Sub broker commission

IIFL Sub broker commissionranges anywhere between 50%-75%. The commission amount shared with the sub-broker is in proportion to the amount invested by an individual and the business. The commission amount can be discussed and mutually agreed with the broker when entering into the sub-broker agreement.

Benefits of IIFL Franchise

  • Higher Revenue Sharing Model
  • Wide range of product offerings.
  • Cutting-edge technology platform.
  • Real-time and personalized support, training, and guidance at each step like initial setup, marketing, client acquisition, etc.
  • Investor awareness seminars to educate investors.
  • Robust back-office & risk management systems.
  • Algorithm trading facility for your clients
  • IIFL AAA platform.

IIFL Marketing Associate

Individuals with strong knowledge of the financial products can enroll in this model and become IIFL partners at zero cost to assist market the wide range of IIFL product offerings to clients and help grow the business of IIFL.

To become an IIFL marketing associate, you need to select 'Marketing Associate' from the dropdown while signing up for the IIFL Partner program.

Benefits of IIFL Marketing Associate

  • Association with the reputed brand name of IIFL.
  • Zero Capital Investment for Business set-up
  • Opportunity to have a steady income at zero cost.
  • Wide range of product offerings to suit the need of each client.
  • Cutting edge technology platform with robust back-office and risk management systems.
  • Investor awareness seminars.
  • Support and training provided in operations, client acquisition, research.

Employee to Entrepreneur

Individuals with 3 to 5 years of experience in the capital market industry and having sound knowledge of the financial products and wanting to become their own boss can sign up to become entrepreneurs with IIFL.

To become an entrepreneur, you need to select 'Entrepreneur' from the dropdown while signing up for the IIFL Partner program.

Benefits of IIFL Entrepreneur

  • Steady revenue with zero investment.
  • Setup of own business according to your area of expertise with unlimited career growth opportunities.
  • Wide range of product offerings.
  • Support and training are provided at each step.
  • Investor awareness programs are arranged for your clients.
  • Use of robust technology.

IIFL Remisier / Direct Sales Agent

An individual with good networking skills and wanting to work independently can sign up to become a direct sales agent of IIFL by referring clients to IIFL.

To become remisiers/DSA of IIFL, you need to select the option of 'Remisier' from the dropdown.

Benefits of IIFL Remisier/DSA

  • Zero capital investment.
  • Access to a wide range of IIFL product offerings like Equities, Commodities, Currencies, IPOs, Mutual Funds, PMS, AIF, Fixed Deposits, NCD, Bonds, Real Estate, Loans & Insurance
  • Association with a reputed brand name of IIFL.
  • Earn a steady income by referring clients to IIFL.

IIFL AAA (Advisor Anytime Anywhere)

IIFL Securities AAA is India's first proprietary tab-based advisory platform offered by IIFL to IIFL partners as a one-stop solution to manage the office at fingertips. IIFL AAA is a full-fledged office with a host of information and researches all merged in a single tab and rightly serves the purpose of its name that says 'Advisor Anytime Anywhere'.

To avail of the IIFL AAA advisor, you need to keep a minimum security deposit of ₹25,000 with the broker that is fully refundable within three months. All other services provided by IIFL AAA are available at free of cost.

IIFL AAA App Demo

Key features of IIFL AAA

  • Snapshot of market data with a customizable watch list and advanced charting tool.
  • Best research services and research reports on 500+ stocks by sector specialist researches
  • Access to a wide range of products for offering to clients like MF, Insurance, FD, Loans, IPO, NPS, NFO, AIF, PMS, etc.
  • Ability to monitor and track one's performance in terms of revenue generation, no. of clients, inactive clients, maturing SIPs, client's portfolio, and much more.
  • Access to detailed reports on client holdings, P&L, trade book, order book, client MIS, etc.
  • Online E-KYC process
  • Facility to register a marketing associate under you.
  • Access to the knowledge center, training videos and NISM mock test papers.

Benefits of IIFL AAA

  • Refundable deposit.
  • Instant, paperless and hassle-free client onboarding.
  • 24*7 access to AI-powered chatbox to resolve any partner queries.
  • Portable office with the on-the-go access to information anytime anywhere.
  • Wide range of product offerings.
  • Easy access to a diverse suite of learning topics through the knowledge center that helps improve the financial market knowledge and soft skills of the individual and also prepares the individual for NISM certification.

IIFL AAA App Download

IIFL AAA app is a pre-loaded software provided to IIFL partners on successful registration and payment of security deposit. IIFL AAA app works only on the tab and is available on a private play store and cannot be downloaded and opened on any other device.


Conclusion

IIFL Securities is one of the reputed names in the financial industry. With the IIFL Partner program, you can associate yourself with a brand name by signing up to become an IIFL partner either as a sub-broker/franchise owner, remisier, entrepreneur, or marketing associate. You need to understand the eligibility criteria, capital investment, risks, and benefits for each of the business models before opting for any of the options. IIFL AAA is like an icing on the cake which acts as an advisor to assist you to manage your business with ease.


Resources

Frequently Asked Questions

  1. 1. Is it beneficial to become an IIFL partner?

    IIFL being a full-service broker has comparatively higher brokerage and other charges when compared to online discount brokers. This generally makes us think whether it would be beneficial to partner with IIFL as the majority of clients may back off due to higher charges. However, it is important to note that there are still many investors with no financial experience who need advisory services apart from investing in their financial planning. There comes the role of these full-service brokers providing advisory services in addition to the trading services. IIFL provides world-class research-based advisory services to its clients to plan their investment.

    Benefits of becoming an IIFL partner

    • IIFL has an award-winning research team providing world-class advisory services to its customers.
    • IIFL is a reputed brand name with 2000/5000+ franchisee partners, 10,000+ sub-brokers, and 40 lakh+ customers.
    • IIFL has robust back-office and risk management systems.
    • IIFL provides a wide range of product offerings to suit the need of each customer type.
    • IIFL has one of the best-rated trading apps in the country.
    • IIFL provides training, operations, and real-time back-office support to its partners.
    • IIFL AAA acts as a one-stop solution to manage the office at fingertips.

     

  2. 2. How do I become an IIFL franchise owner?

    To become an IIFL franchise owner, you need to submit your details to IIFL on the company website to show your interest to sign up as a partner with IIFL.

    Eligibility criteria for IIFL franchise

    • 2-3 years of stock market-related experience.
    • Knowledge of financial products.
    • Capacity to invest Rs.50,000 to Rs.2,00,000.
    • Office setup.
    • NISM Certification.

    Steps to become a franchise owner

    • Visit the company website: https://www.iifl.com/securities/business-partners/
    • Click on the 'Become a Partner' button on the top right corner.
    • Provide your Name, Mobile Number, State, and, City.
    • Select 'Franchisee' as the business model from the dropdown to partner with IIFL
    • Click on Submit.
    • An IIFL representative will shortly connect with you to take you through the program details.
    • On completion of the documentation and other formalities as per the guidance received, you can own an IIFL franchisee.

     

  3. 3. IS IIFL AAA a trading platform?

    No, IIFL AAA is an advisory platform offered to IIFL partners to help manage their office effectively.

    IIFL AAA is tab-based office solution for the business partners that track one's business performance with access to quality research, training, and 360 degrees view of the client's profile.

     

  4. 4. Is IIFL AAA mandatory for IIFL partners?

    No, IIFL AAA is not mandatory for the business partners. It is a new product offering by IIFL to assist individuals to manage their business effectively and with ease.

    IIFL AAA services are available by keeping a security deposit of ₹25,000 with the broker that is refundable within three months. The product can be returned anytime claiming a full refund.

     

  5. 5. Is NISM certification mandatory to become an IIFL partner?

    Yes, NISM certification is mandatory for IIFL sub-brokers.

    You are required to clear the NISM exams to be eligible to become a sub-broker of IIFL. IIFL provides material and guidance to its partners to help them clear the exams. The IIFL AAA app has the NISM test mock papers that help prepare the individuals for the exams.

     

  6. 6. What is the cost involved to become IIFL partner?

    An individual needs a minimum investment capacity of ₹50,000 to ₹200,000 with an office set up to own an IIFL franchise.

    There is no cost involved to become a marketing associate, remisier, or an entrepreneur. Individuals interested in IIFL AAA will need to additionally keep a minimum security deposit of ₹25000 with the broker that is refundable within 3 months.

     

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