Difference between a Sub-broker and a Remisier

Stockbroking in India has become one of the most vital aspects of effortless trading. However, the stock market includes numerous financial instruments with different structures and functions. As a result, the stockbroking business also includes numerous roles to assist investors looking to invest in different financial instruments. Two such vital roles are authorised partners and remisiers.

Both terms are often used interchangeably, although there are some subtle technical differences between the two. Learning about authorised partner vs remisier is essential, especially if one wishes to start a career in the same field.

Who is a Remisier?

Let’s start by understanding the remisier meaning. Brokerage firms require clients so they can function. To find new clients, brokerage firms hire individuals as independent agents. These are Remisiers. Hence, the main function of a Remisier is to source new clients for a brokerage. Remisiers receive a percentage of the sales conducted as brokerage as earnings. Remisiers must enlist within a stock exchange to get hired by brokerage houses.

Who is an Authorised Partner?

An authorised partner is someone who helps clients buy and sell shares but works under a stockbroker. They don’t directly place trades on the stock exchange. Instead, they bring in clients, help them open accounts, and guide them in investing. In return, the authorised partner earns a share of the brokerage. They also offer some level of advice and support to their clients.

Key Difference Between Authorised Partner and Remisier

Let’s break down the difference between remisier and authorised partner, as people often confuse the two.

• An authorised partner works like an agent of a big brokerage firm. They handle clients, support them, and offer basic financial help. A remisier is more like a referral person. They bring in clients but don’t really manage them much.
• An authorised partner gets more commission, but also has to do more work and follow more rules. A remisier usually gets less commission but has less responsibility.
• Authorised partner vs remisier also differs in how they’re registered. Authorised Partners are registered with SEBI. Remisiers are not. An authorised partner builds a full relationship with clients, while a remisier just connects the dots.
• When we say remisier vs authorised partner, we’re mainly talking about control, registration, and income model. In terms of tie-ups, authorised partners have deeper partnerships. Remisiers don’t go that deep.

Authorised Partner Vs Remisier

Parameter	Authorised Partner	Remisier
Role	Works under a broker, manages clients	Refers clients to the broker
Registration	Must register with SEBI	No SEBI registration needed
Client Handling	Full support, account opening, and service	Mostly just refers, no ongoing help
Income	Share of brokerage (higher)	Commission (lower)
Responsibility	High – deals with compliance, service	Low – only referral role
Access to the platform	Has platform access	Usually, no platform access
Tie-up depth	Deeper tie-up with brokerage	Basic, only referral level tie-up
Best for	People who want to build a client base	People who want passive income

How Can You Become an Authorised Partner and Remisier with IIFL Capital Services Limited?

IIFL Capital Services Limited is one of the leading players in the Authorised Partner franchise industry, with over a million accounts opened since its inception. The company provides execution, advisory, and research services across products like equity, F&O, Commodity & Currency, and Mutual Funds.

IIFL Capital Services Limited is also one of the top AIF, PMS, and Mutual Funds distributors. You can visit IIFL’s website to join its Authorised Partner and Remisier program.

Conclusion

Knowing about the different roles of remisier and authorised partner (formerly known as sub-broker) is necessary to understand their functions and jobs. Many stock brokerage firms offer a partner program where one can apply as an Authorised Partner or Remisier. For instance, IIFL Capital Services Limited has a Partner’s Program you can use to onboard clients completely online. Before applying to become an IIFL Authorised Partner or an IIFL Remisier, assess which option is right for you. Both professions come with their own set of pros and cons. To know which is for you, you should look at how much involvement you want in your job and whether you wish to carry out other businesses alongside your position. If the latter is the case, being a Remisier is more suited to your lifestyle.