The Indian financial markets have seen remarkable growth in recent years, attracting more investors each year. As retail participation increases, the demand for intermediaries to guide investors through trading and investing processes has surged.
One such crucial role in the financial ecosystem is that of an Authorised Person (AP), commonly known as a sub broker. If you’re considering tapping into this opportunity, it’s essential to understand what an Authorised Person does, the advantages of the role, and how to get started.
What is an Authorised Person (Sub Broker)?
An Authorised Person (AP) acts as a middleman between investors and stockbrokers. While stockbrokers are registered with SEBI (Securities and Exchange Board of India) and can directly execute trades on the stock exchanges, sub brokers or Authorised Persons work under them. Their primary role is to expand the broker’s reach, helping them acquire more clients by offering services such as account opening, market guidance, and customer support.
Essentially, an Authorised Person fills the gap between retail investors and the stockbroker, making trading services more accessible and efficient.
How to Become an Authorised Person (Sub Broker) in the Stock Market
Here are the steps on how to become a sub broker in stock market
- Partner with a Reputable Stock Broker: The first step is to partner with a credible stockbroker or brokerage firm. Choose a broker that has a solid market reputation, reliable technology, and offers an attractive sub broker commission structure. For instance, the m.Stock partner program by Mirae Asset provides a great opportunity for sub brokers, offering access to cutting-edge technology and a well-established brand.
- Set Up the Necessary Infrastructure: Although the initial investment required to become a sub broker is relatively low, it’s important to set up the necessary infrastructure. You’ll need an office space, a computer, a high-speed internet connection, and trading software. Most brokers will offer you the tools and platforms to support your operations, making it easier to serve your clients.
- Grow Your Client Base: Once your operations are set up, the next task is to grow your client base. You can leverage your personal network, provide valuable investment guidance, and focus on building strong relationships with your clients. Ensuring customer satisfaction is key to your success, as word of mouth and trust will help you expand your business.
Why Choose m.Stock by Mirae Asset?
The m.Stock partner program by Mirae Asset is an ideal choice for aspiring sub brokers looking to enter the stock market. Known for its robust technology platform, m.Stock offers sub brokers a seamless experience, both for traders and intermediaries. With its advanced tools, excellent customer support, and attractive brokerage commission structure, m.Stock ensures sub brokers have everything they need to succeed in India’s competitive stock market.
Conclusion
Becoming a sub broker in the stock market is an excellent career choice for individuals who are passionate about finance and providing client-centric services. This role offers multiple benefits, such as a steady stream of income, low initial investment, and access to a growing market.
Partnering with a reputable firm like m.Stock by Mirae Asset gives sub brokers access to sophisticated technology and tools that can help them thrive in this ever-evolving sector. Whether you are a finance enthusiast or an entrepreneur looking to establish your own business, the m.Stock broker role provides a unique blend of independence, growth potential, and earning opportunities.
