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Becoming an Authorised Partner (formerly known as sub-broker) in the financial market is an alluring opportunity for those who want to play a significant part in securities trading. This position has particular duties and requirements, which serve as the basis to guarantee that applicants have the required training, experience, and financial security.
This blog examines essential eligibility requirements, including educational background, legal standards, and necessary qualities, which are critical for anyone hoping to become a reputable authorised partner in the ever-changing financial industry. A successful career in this sector requires an understanding of these requirements.
An authorised partner is someone who works with a big stockbroker firm and helps people invest in the stock market. They don’t directly deal with the stock exchange but act as a middleman between the client and the main broker. They help open trading accounts, explain market details, and guide people on buying or selling shares. In return, they earn a part of the commission made on trades.
To become one, you don’t really need to be a finance expert, but yes, you must meet the eligibility criteria for authorised partner (formerly known as sub-broker). It’s a good way to start a career in the stock market without setting up a full brokerage business.
To become an Authorised Partner, individuals need to meet specific requirements. These eligibility criteria may vary, but generally include the following:
If you’re wondering what you need to become an authorised partner, here’s a quick list. These are part of the eligibility criteria for becoming a subbroker:
Once all this is ready and submitted, you’re all set to start working as an authorised partner.
Authorised partnership is a lucrative business, particularly for people interested in the financial markets and those passionate about investing. Today, many of the leading stock broking houses in the country offer their own partnership programs for people interested in becoming authorised partners. If you’re interested in venturing into this area, ensure you know the Authorised Partner eligibility criteria and SEBI authorised partner rules. Also, you need to know the qualifications set by the trading member you intend to partner with. You can consider partnering with reputed firms like IIFL Capital Services Limited as an Authorised Partner.
Become a Partner & Earn up
to 1 Lakh* per Month!
You should be at least eighteen years old and have cleared the NISM exam. Plus, you need a few standard ID documents.
Yes, you have to pass the NISM Series V-A exam in order to become eligible. It is the most crucial step.
Yes, many people start without experience. You just need to meet the basic eligibility criteria and submit the required documents.
Yes. Once you pass the NISM exam, you’ll need to apply for an ARN (AMFI Registration Number) and complete the KYD process.
Become a Partner & Earn up
to 1 Lakh* per Month!