Prabhudas Lilladher Franchise

Prabhudas Lilladher franchise comes from the full-service stockbroker – Prabhudas Lilladher which is one of the oldest broking companies in India. It has a highly experienced management team who helps their clients at each and every step.

To talk further into it, the broker offers multiple business models for you to partner with them based on your business aspirations and expectations. As of now, Prabhudas Lilladher franchise has a presence across 120 cities and towns of the country with its more than 500 business centres. 

Looking from the overall industry perspective, these numbers place Prabhudas Lilladher franchise among the small to medium stockbrokers as far as the geographical presence is concerned. 

Prabhudas Lilladher Franchise Details

Prabhudas Lilladher, a leading full-service stockbroker, was established in the year 1944. The headquarter of the company is in Mumbai. It offers a wide range of services which includes equity, derivatives broking, investment banking, loan against shares, Online trading etc.

In this article we are going to discuss the models of business partner offered by the company, Pros and Cons of each model, revenue sharing and fees, the initial investment for each model of business, offers to the client, advantages of taking a partnership of Prabhudas Llilladher and many more important aspects of the broker.

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Prabhudas Lilladher Franchise Services

Following are the services a sub-broker can offer to their clients:

• Equity
• Derivative Trading
• Commodity
• Currency
• Online trading
• Structured products
• Private client group
• Margin funding
• NRI Services

Prabhudas Lilladher Franchise Business model

If you want to do business with Prabhudas Lilladher, then you have three choices. According to your preference, you can go through with any of these models.

The three models of the company are:

• Sub-broker
• Remisier
• Introducer

Prabhudas Lilladher Sub-broker:

A sub-broker is a very straight-forward type of business model which is offered by almost all broking houses. A sub-broker is required to set up an office and all infrastructure to set up a trading platform.

In this model, a business partner is supposed to search a prospective customer, pitch them and convert them to the final client for the company. They should inform the customers about the various product line of the company.

Their responsibility does not end with just client acquisition. But, they must be in continuous touch with the client so as to understand their trading requirements and problems.

This goes on with the servicing part as well where the sub-broker and his/her team helps the client with their trading needs, confusions, order placements etc.

Prabhudas Lilladher Remisier:

A remisier is a similar version of a sub-broker, but a bit different type of business partner. The only difference is that their role and function are less than that of a sub-broker. They are not required to set up an office for trading.

A remisier is required to pitch the client and convert them to customers, rest all is done by the main broker. The Prabhdas Lilladher will execute trades on behalf of the customers.

A remisier is not restricted to any particular product or just a list of products/service. They are authorized to offer their clients all products and services available to the main broker.

Prabhudas Lilladher Introducer:

An Introducer type of business partner plays a very limited role in comparison to both sub-broker and remisier business models. As the name suggests, its job is only to pitch the customers and introduce them to the main broker. Remaining all work will be completed by the Prabhudas Lilladher firm.

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Prabhudas Lilladher Franchise Revenue Sharing

Depending upon the efforts put by the type of business partners, the revenue sharing ratio is decided by the main broker. So, all three types of business partners have a different ratio of revenue sharing.

Let’s discuss one by one.

Prabhudas Lilladher Sub-broker:

A sub-broker works as much as the main broker or we can say just like Prabhudas Lilladher broking firm. So, its revenue sharing is as high as 30%-70%. A sub-broker can get a minimum of 30% and a high of 70% of revenue generated by them. This revenue sharing ratio is negotiable and on that basis, it may go up to 80% also.

Prabhudas Lilladher Remisier:

For a remisier, revenue sharing ratio is 20%-30% with an average of 25%. As their role is limited, this ratio seems justified.

Prabhudas Lilladher Introducer:

An Introducer plays just a role of introduction between the broker and customer, they get revenue on the basis of account opening by the customer. It means if a customer becomes a client for the company then the Introducer will get a 50% share of the account opening.

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Prabhudas Lilladher Franchise Initial Deposit 

A sub-broker is required to deposit ₹1 Lakh as security money with the main broker. This amount is used against any monetary requirement which is not met by the sub-broker on time. Although this security amount is refundable at the time of termination of the agreement.

A remisier and an Introducer need not deposit any security money. But, depending upon the situation they may be charged a minimal amount as security money.

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Prabhudas Lilladher Franchise Pros and Cons

Here are some of the related pros and cons of going ahead with these partnership models:

Sub-broker:

Pros:

• Attractive revenue sharing ratio.
• An opportunity to start your own business

Cons:

• High initial deposit amount.
• Need to set up an office.

Remisier:

Pros:

• No need to spend money on an office set up.
• No security deposit.
• One can earn as a side business.

Cons:

• Low revenue sharing ratio in comparison to a sub-broker.
• Less opportunity to groom.

Introducer:

Pros:

• One can earn by giving minimal effort.
• No need to spend money on anything.

Cons:

• Very limited role.
• If a customer does not open an account with the broker, an Introducer can’t get anything for all their efforts.

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Prabhudas Lilladher Franchise offers:

Prabhudas Lilladher offers the following benefits to the sub-brokers to attract them.

• They offer a minimum investment cost to sub-brokers. So, that they can start their business easily.
• Attractive revenue sharing model.
• A sub-broker gets an offer to open free DEMAT accounts.
• They offer attractive brokerage plans for the customers.
• Offers 24*7 customer support to you and your clients.
• All financial products just a click away.

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Stockbroker franchise Registration

If you want to become a sub-broker of Prabhudas Lilladher then you are required to follow the following steps:

• Fill up the registration form available on the firm’s website. You may choose to fill the below-displayed form as well:

• A sales executive of the broking company will call you to fix an appointment for the next step.
• An appointment will be fixed to discuss the terms & conditions, products and services available, business model, revenue sharing model etc.
• You will be required to submit all necessary documents for the broker for verification.
• Documents will be verified by the Prabhudas Lilladher, agreement confirmation will be given.
• The account will be activated.

All process will take almost 5-15 days depending on case to case.

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Prabhudas Lilladher Franchise Support

Following supports are provided by the Prabhudas Lilladher after you get the registration with them.

• Full marketing training will be provided for the products.
• Trading platform training like online, offline and mobile trading.
• You will get customer care support.
• Good training in research and advisory.
• Helps in getting the registration certificate from the stock exchange.

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Prabhudas Lilladher franchise Benefits

Following are the advantages which attract business partners towards the broker company.

• Prabhudas Lilladher is an experienced broking house which can easily attract clients and business partners.
• One can get all financial products and services under one roof. It helps to retain the clients for the long-term. And ultimately it will lead to more revenue generation to the business partner.
• The broker has strong institutional expertise and wide research ability.
• A business partner can get access to new trading tools and technology like online charting.
• Back office support.
• It has an attractive revenue sharing model which motivates business partners for more revenue generation.
• Business development support like help in client acquisition, training, providing timely trading ideas etc.

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Prabhudas Lilladher franchise Summary

Prabhudas Lilladhar will give you a complete range of products and services which you can offer to your clients. By starting a partnership business with Prabhudas Lilladhar you will be able to meet the customer expectation and a profitable business relationship.

In case you are looking to get started with a sub-broker partnership in any form, let us assist you in taking the next steps forward: