NJ Wealth Franchise

NJ Wealth is one of India’s most popular financial products distributor and advisor network in the financial services industry. As far as NJ Wealth franchise is concerned, it makes total sense if you are looking to capture a relatively premium retail trading market.

Let’s know more about the different aspects related to NJ Wealth franchise in this detailed review.

NJ Wealth Franchise Review

NJ Wealth is a Surat, Gujarat (India) based full-service stockbroker, established in the year 1994. The company offers different types of financial products to its customers through its wide network present all over the country.

NJ Wealth creates an opportunity for the common man who is interested in creating wealth through investment in financial products. As a business partner of the NJ Wealth, you can provide full service in financial products to your customers through a comprehensive business platform.

Over more than two years of its journey, the company has grown steadily and today it has more than 33,000 NJ Wealth partners in 19 states with almost 95 branches spread across the country.

Following products are available in the product basket of the NJ Wealth.

• Equity
• ETFs
• Portfolio management services (PMS)
• Mutual Funds
• Insurance (Life &Non-life)
• Fixed Deposits (Company/Bank FD), bonds, debentures, and small savings scheme
• Real Estate

Its services include Demat account and trading support. The company is a registered member of NSE, BSE, CDSL.

NJ Wealth Franchise Advantages

Following are advantages which add value to it to attract more and more business partners to the company.

A commitment of business since its birth: The company commits to doing its business properly and in a favourable way to its clients and business partners.

The management team of the company shares a strong vision to grow the business of NJ Wealth and get benefited from its business expansion in other areas also.

All these will help the business partners to remain associated with the company.

Latest Technology: The NJ Wealth believes in the use of the latest technology for the proper functioning of the business. The experienced team of the NJ Wealth builds the customized platform according to the needs of its customers and business partners.

The integrated technology set-up of the company helps in critical business operations and other important areas of business management.

Customer-centric approach: The company has a customer-centric approach.

It means whether you are a client or a business partner of the NJ Wealth, you will always be a priority for the company. The company always tries to design and focus on updated technology, better services, governance etc.

Control through a well-defined process: In addition to NJ Wealth operational excellence and service quality, it equally focuses on governance, risk management and compliance.

The Strong policy of the company over the years helps in minimizing business risks, improving productivity and the important one is that it increases customer and partner satisfaction.

Multiple product offerings under one roof: The company provides services in multiple products to its client and business partners. It offers a wide range of services in different asset classes.

Low registration fee: To start a business with the NJ Wealth, you are required to deposit a very low amount of ₹10,000. It means if you are running with the low fund and want to start your own business, then here you have the best option.

Wide presence across the country: You can reach at any branch of the NJ Wealth as the branches of the company spread all over the country. The company has more than 94 branches in 19 states of the country.

NJ Wealth Franchise Types

NJ Wealth offers only one business model to get associated with them.

• NJ Wealth Distributor (Independent Distributor)

NJ Wealth distributor:

NJ Wealth distributor is the only business model through which you can start a partnership business with the company.

As a distributor, you will work not as an employee of NJ or the agent on behalf of NJ. You will work as an independent distributor and you will have full ownership of your business and clients. You will act as a sub-broker of the NJ Wealth, who will have the right to access all tools and technology of the company.

Also, you can promote and distribute the whole financial products of the NJ to your clients.

To become a NJ partner, you are required to deposit a minimal amount to the company as a one-time registration fee.

After becoming the partner of NJ, you would be given two days of training to make you understand the technical and practical knowledge of the NJ wealth partner.

The main criteria to become an NJ Wealth partner, you need to have a Mutual fund’s Advisor certification.

Benefits:

• You can start a partnership business just like a sub-broker of the company.
• Right to access all tools and techniques of the NJ Wealth.
• A minimal registration fee required to start the NJ Wealth distributor business.
• You will have full right to acquire your own clients.
• You can offer a wide range of products to your clients.

NJ Wealth Franchise Revenue Sharing 

The revenue sharing ratio of NJ Wealth distributor is 50:50. It means you will get 50% of the revenue generated by your clients and the remaining 50% will be kept by the NJ.

As this business model is an independent distributor model, in which you will be an owner of your business, but the tools and techniques, research reports, marketing support etc.you will get from the company.

So, you can keep 50% of all revenue generated by your clients. The ratio is in line with the industry.

NJ Wealth Franchise Initial investment

To become a partner of NJ Wealth, you are required to deposit a one-time registration fee or subscription charge for subscribing NJ value pack of ₹10,000. This is a one-time fee and you need not pay again.

Any of the following can start a partnership business with the NJ Wealth:

• An existing product advisor or distributor in the area of equity broker, insurance, small savings, real-estate etc.
• Any professional with an existing customer base like an accountant and other professionals.
• Any existing employee of a financial service sector.
• Housewives and a retired person who wants to work.
• And the most important, anyone who has a passion for client handling and the ability to grow a business.

NJ Wealth Franchise Registration

By going through the following steps, you can become a business partner of the company.

• You are required to fill the registration form with the basic details available on the website. You may choose to fill the below-mentioned form as well:

• Our executive will call you to confirm your interest in the partnership business with the NJ Wealth.
• You will get another call directly from the sales team of the company and they will fix an appointment for a detailed discussion regarding the same.
• While the meeting, you can ask everything related to the NJ wealth distribution like the security deposit, revenue sharing ratio, offers, and other things. They will make you understand the basic criteria to get associated with them.
• You will be asked to clear the NISM exam.
• They will ask you to submit the required documents for the verification purpose.
• Once you clear the exam, you have to apply for the ARN.
• After getting the ARN, completing the enrollment and signing up the agreement, you can immediately start as the NJ Wealth partner.

The whole process will take almost 7-10 business days to complete.

NJ Wealth Franchise Support

• Marketing support is provided by the company to make your business popular through different types of advertisements.
• They also provide technical support to the partners like how partners can access all the latest technology and tools for generating more revenue.
• Training and research support is given to the partners to make them understand about the work and research support for taking the right investment decision.

NJ Wealth Franchise: Summary

Though the NJ Wealth comes under the smaller size stockbroker, it offers a very demanding model of business partnership i.e distributor business. This type of business offers future growth, high earnings with job satisfaction.

Being a distributor, you can enjoy stability and financial freedom also.

Also, NJ provides a customized platform for its client and partners with a very low initial investment. You can easily reach any branch of the company as it has a wide offline presence.

So, we can say that if you want to start a business of your own with low stress, financial stability and future growth, you can opt for the NJ Wealth also.

If in case, you are looking to get started with a stockbroking business, let us assist you in taking things forward:

 

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More on NJ Wealth

If you wish to learn more about this stockbroking house, here are a few reference links for you: