R Wadiwala Partner

R Wadiwala Partner business comes from the house of R Wadiwala which is a well-known name in the investment advisory service apart from its stockbroking business. The R Wadiawala group was laid in the year 1943 by Shri Bachoobhai Wadiwala. It is said that he is the starter of equity trading in Surat, Gujarat.

Later, the same business was carried on by the third generation of the same family by the name of R Wadiwala & Co with a franchise/Sub-broker model.

R Wadiwala Partner Review

In the year 2004, R Wadiwala securities promoted as a partnership firm of the company. The broker serves Retail, Corporate, Trust and HNI clients. The company has achieved a massive growth through the opening of the franchise set-up and the number of branches.

Currently, the broker is operating through 50 different locations with more than 75 employees engaged in different departments.

 

The company acquired membership of NSE and BSE in the year 2005 and the membership of CDSL in the year 2006. In the year 2011, the company acquired membership of SEBI as a portfolio manager (PMs).

The broker also entered into commodity trading by acquiring the membership of Multi commodity exchange board of India (MCX) and National commodities and derivatives board of India (NCDEX).

The broker has an in-house research team that provides decent quality research reports for the traders and investors to take the right decision. The research team of the company works in coordination with the regional research teams of Kolkata and Mumbai.

The proprietary desk of the broker includes more than 30 jobbers and arbitrageurs who operate from three different locations.

As a sub-broker, you will get the complete management software from the broker side which will allow you to monitor and control the risk.

By joining hands with the broker, you will be able to provide the following products and services to your clients:

• Equity
• Derivative Trading
• Mutual funds
• Portfolio Management Services
• Algo trading
• Smart SIP
• IPO
• Smart options
• Margin trading
• SLB

In this article, we will try to throw light on each and every important aspect of R Wadiwala like the business models, security deposit, revenue sharing ratio, offers, support etc.

Let’s get started!

R Wadiwala Partner Business Model Types

The broker offers only one type of business model to get associated with them.

• Franchisee/Sub-broker

Sub-broker model is one of the best ways to expand the business. The broker believes that the growth of the partner is ultimately the growth of the broker.

Under this model, you need to set-up an office from where you can operate your business. You are also required to arrange the minimum infrastructure for the business like two computers, internet, two clients, printer, scanner etc.

The broker will help you in the marketing of your business to acquire more and more clients for your business. You will have the right to access all tools, technology, trading platforms and other things required for the trading and investing.

You will need to deposit some security money and the broker will offer you an attractive revenue sharing ratio.

Benefits:

• An opportunity to make your own identity in the market.
• An attractive revenue sharing ratio.
• Affordable security deposit.
• Support in running your business alone.
• Right to access all tools and technology required for the business with the research reports.

R Wadiwala Partner Revenue Sharing Ratio

The sub-broker of R Wadiwala will get the revenue share in the ratio of 70:30.

You will get 70% of the revenue generated by your clients and 30% will be kept by the broker. This ratio is in line with the rest of the brokers in the industry. Though this sharing ratio is not fixed, it can be changed depending on some criteria of the company.

The range can be changed if you commit for the higher revenue than the given target, your bargaining power, the amount of security deposit you have paid to the brokers etc.

 

R Wadiwala Partner Security Deposit

The Security deposit required for the sub-broker is ₹50,000. It can be increased if you want because the higher you deposit the security money, the higher will be your revenue sharing ratio.

The deposit is refundable and will be refunded at the end of the contract between both parties after deducting some non-refundable charges.

 

R Wadiwala Partner Registration

Following are the steps to become a sub-broker/stockbroking partner:

• Fill the required form available here:

• A callback will be arranged for you with a call centre executive to verify your interest.
• Another call will be from the sales executive of the company to fix an appointment.
• At the meeting, you are free to ask any question related to the Partnership business with the broker like the revenue sharing ratio, types of business model, security deposit, offers, the support provided to the sub-broker etc.
• You will be asked to submit all the required documents for the verification purpose and the security deposit.
• An agreement will be signed between both the parties.
• After verification, an account ID will be provided by the broker to start your business.
• Now, you are all set to become an entrepreneur.

The whole process will take at least 3-4 business days to complete.

R Wadiwala Partner Advantages

RWS business partnership program provides you with a number of benefits which gives you an important competitive market opportunity to catch success.

Strong and an old brand: R Wadiwala is running its business from a very long time. It has gained a lot of experience in this field. The broker is a strong brand name in South Gujarat. As a business partner, you will be benefitted from the brand name of the company.

Q-Net: The broker provides you service of Q-Net through which you can enjoy the free view of terminals for your client.

SMS Service: You can offer your clients service of SMS for trade confirmation, Demat Transactions, Ledger balance and a lot more.

Centralized contract dispatching system: You will not feel any problem in dispatching contract to your clients.

Web-enabled RMS: Through web-enabled risk management system you can easily view the client’s trading limit for the day just before the market opens.

Operations: The operations department of the company is very efficient and the system of operations is very easy so that your clients and you will not find it difficult to understand anything.

Back office: You and your client can easily get the solutions to the problems related to trading or investing. You can easily retrieve the important reports and files when you want.

Training: The broker will provide you and your clients ongoing and important training related to the technology and business of the company. By attending the training you will be able to run your business smoothly and earn a good profit.

Support: As a business partner of the broker, you will get various types of support from the company which will help you stand strong in this competitive market. You will also be able to make your own identity. They will provide you with technical, marketing, business, back office support.

Intranet data: You will be allowed to access all research reports published by the expert team of the broker for investors or traders. Through intranet, it will be easy for you to access important files, reports and other related documents.

R Wadiwala Partner Summary

The root of R Wadiwala is very deep as it started its business a long year back. It is one of the well- known brokers in South Gujarat. It offers sub-broker all help and support so that they can make their own identity in the broking space.

So, if you want to become a successful businessman the broking space, you can choose R Wadiwala as your business partner.

In case you are looking to set-up your business in stockbroking, let us assist you in taking the next steps ahead. Just fill in some basic details in the form below to get started: