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Everything You Need To Know To Get A Franchise of Angel Broking

by Waqasbhatti

Angel Broking is one of India’s leading full-service brokers, offering its clients a wide range of financial products and services. The company has a franchise model, allowing individuals and organizations to become franchise partners and run their Angel Broking franchises. If you are interested in starting a franchise of Angel Broking, here are the steps you need to follow:

Need To Qualify For The Eligibility Criteria:

To get a franchise of angel broking, you must meet certain eligibility criteria. Firstly, you should have a minimum net worth of Rs. 20 lakhs for a city with a population of less than ten lakhs and Rs. 30 lakhs for a city with a population of more than ten lakhs. Additionally, you should have a good track record in financial services, preferably with experience in broking, mutual funds, insurance, or financial planning. You should also possess a valid SEBI registration as a sub-broker, broker, or registered investment advisor (RIA). It is crucial to note that the eligibility criteria may vary depending on the type of franchise model chosen. Meeting these criteria ensures that franchisees have the skills, experience, and resources to run a successful Angel Broking franchise.

Cost And Investment:

To become a franchisee of Angel Broking, the cost and investment may vary depending on the location and size of the office. Generally, the franchisee must pay a security deposit ranging from Rs.50,000 to Rs.5 lakhs. Additionally, the franchisee may need to invest in infrastructure such as office space, furniture, and equipment, which may cost anywhere from Rs.1 lakh to Rs.5 lakhs. Apart from this, there may be other miscellaneous expenses, such as license fees and legal expenses, that the franchisee may need to bear. The total cost and investment required may range from Rs.1 lakh to Rs.10 lakhs.

Application Process:

One can visit their website and fill out an online application form to apply for an Angel Broking Franchise. The applicant must provide personal and professional details, including their education, work experience, and financial history. Additionally, they must provide details on their proposed location and investment amount. Once the application is submitted, the angel broking team will review it, and if approved, the applicant will be contacted for further discussions and documentation. However, if you want to become an Angel Broking Partner visit the “Partner with Us” section on their website and click on the “Apply Now” button. The entire process can take anywhere from some days to a few weeks, counting on the completeness of the application and other factors.

Approval Process:

Once you have submitted the franchise application and all the necessary documents, Angel Broking will review your application and conduct a background check. If you meet all eligibility criteria and pass the background check, you will be invited for an interview with the Angel Broking team. You will be asked about your experience, skills, and plans for running the franchise during the interview. If the interview goes very well, you will be offered the franchise agreement and required to sign it to proceed with setting up your franchise. Once the agreement is signed and the franchise fee is paid, you will receive the necessary training and support to start your franchise.

Take Training: 

Once approved as a franchisee, Angel Broking provides training and support to help you get started. The company offers training programs on various aspects of the business, including sales and marketing, client management, and product knowledge. The training is typically conducted through classroom sessions, webinars, and online courses. Franchisees also receive ongoing support from Angel Broking’s dedicated franchise support team, which is available to assist with any issues or queries that may arise. In addition, franchisees have access to Angel Broking’s proprietary trading platform and a range of other tools and resources to help them grow their business.

In conclusion, starting a franchise of Angel Broking can be a lucrative opportunity for those interested in the financial services industry. However, it is essential to carefully consider the eligibility criteria, cost, and investment required before applying for a franchise. Additionally, it is essential to comply with all the regulations and guidelines set by SEBI and Angel Broking to ensure the success of your franchise. You can also visit here Now https://businesszag.com/

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