Elite Wealth Associates Vs HDFC Securities Franchise can be seen as one of the most sought out stockbroking partnership business comparisons in the industry.
At one end of the spectrum is conventional and well-established Elite Wealth associate is one of the franchise business in India with a good reputation.
Ravinder Prakash Seth established it in the year 1990 and it has its headquarters located in New Delhi. Being a new player in the stockbroking industry, it is not very huge in size, which is really okay for a new business.
This stockbroker supports the growth of small entrepreneurs because it considers such business ventures would create a win-win situation for the firm as well as the sub-broker.
The best thing about this stockbroker is that the clients can get service customization to suit their requirements. Its customer-centric approach enables it to flourish in the business.
On the other end, HDFC Securities has stayed among the top 3 stock brokers in India for a while now.
There are around 250 HDFC securities sub-broker offices, which is somewhat less with respect to the number of offline offices of the other full-service stockbrokers in the industry.
With HDFC securities you can avail the advantage of a 3 in 1 account. It combines the trading account of HDFC Securities with your HDFC bank account as well as the Demat account.
This enables the easy movement of shares or funds from the bank or the Demat account for successfully completing the transactions. Not only this, you get the benefit of ensuring the completion of the process in much less time.
The electronic mode of the placement of orders makes the proceeds available to you quickly too.
This is suitable for someone who wants a regular passive sub-broker income besides practicing his own profession, which can be trading in the stock market or some other business also.
Elite Wealth Associates Vs HDFC Securities Franchise Basics
Let’s have a deeper look into their respective business partnership propositions where we explore information on their:
[su_list icon=”icon: star” icon_color=”#bf6515″]
- Company Background
- Business Models
- Revenue Sharing
- Initial Costing
- Office Set-Up Requirements
- Broker Support
- Broker Offers
- Account-Related Charges
- Brokerage
- Overall Ratings[/su_list]
By the end of this Elite Wealth Associates Vs HDFC Securities Franchise comparison, you should hopefully be able to take a decision on which stockbroker you must be partnering with!
| Broker/Comparison Entity |  |  |
| Overview | ||
| Company Type | Private | Private |
| Broker Type | Full Service Broker | Full-Service |
| Founded In | 1990 | 2000 |
| CEO | Ravinder Prakash Seth | Dhiraj Relli |
| Headquarters | New Delhi, Delhi | Mumbai |
| Sub Broker Activation Duration | 35 Days | 8-10 Business Days |
| Payout Frequency | 20 Days | 30 Days |
| Network Strength | 100+ | 260 |
| Active Clients | 10 Lakh+ | 6.7 Lakh+ |
| Clients Complaint Percentage (Industry Average: 0.06%) | 0.04% | 0.01% |
| Business Models | ||
| Sub Broker/Authorized Person |  | |
| Franchise | |  |
| Master Franchise | | |
| Remisier | | |
| Referral Plan | | |
| Entrepreneurial Partner | | |
| Revenue Sharing | ||
| Sub Broker/Authorized Person | 50% to 80% | 50% to 70% |
| Franchise | NA | NA |
| Master Franchise | NA | NA |
| Remisier | 20% to 30% | NA |
| Referral Plan | NA | NA |
| Entrepreneurial Partner | NA | NA |
| Initial Costing | ||
| Sub Broker/Authorized Person | ₹1 lac onwards | ₹2 Lakh |
| Franchise | NA | NA |
| Master Franchise | NA | NA |
| Remisier | ₹ 15,000 to ₹ 30,000 | NA |
| Referral Plan | NA | NA |
| Financial centre | ₹ 500000 to 800000 | NA |
| Office Set Up Requirements | ||
| Office Area | | |
| Employees | | |
| Internet Connection | | |
| Trading Terminals | | |
| Call and Trade Facility | | |
| Telephone Support | | |
| Research and Tips | | |
| Client Visit Facility | | |
| Broker Support | ||
| Marketing Collaterals & Campaigns | | |
| Trading Assistance | | |
| Research & Advisory | | |
| Back Office Support | | |
| Sales and Acquisition Training | | |
| Trading Platforms Training | | |
| Initiative Seminars/Webinars | | |
| Broker Offers | ||
| Zero Deposit Trading Account | | |
| Free Demat Account | | |
| Referral Bonus | | |
| Brokerage Cashback | | |
| Flexible Revenue Sharing | | |
| No Cost Sub brokership | | |
| Offsite Programs for Top Partners | | |
| Account Related Charges | ||
| Demat Account Opening | ₹ 230 | ₹0 |
| Demat Account Maintenance | ₹ 333 per Annum | ₹750 |
| Trading Account Opening | ₹0 | ₹999 |
| Trading Account Maintenance | ₹0 | ₹0 |
| Trading Platform Charges | ₹0 | ₹0 |
| Brokerage | ||
| Equity Delivery | 0.33% | 0.5% or ₹25 whichever is higher |
| Equity Intraday | 0.03% | 0.1% |
| Equity Futures | 0.03% | 0.5% or ₹25 whichever is higher |
| Equity Options | ₹ 33 per Lot | ₹100 per lot |
| Currency Futures | 0.03% | ₹23 per contract |
| Currency Options | ₹ 33 per Lot | ₹20 per contract |
| Commodity | 0.03% | NA |
| Overall Ratings | ||
| Broker Background |  |  |
| Business Models |  |  |
| Revenue Sharing | | |
| Initial Costing | | |
| Office Set Up Requirements | | |
| Broker Support | | |
| Broker Offers | | |
| Account Costing | | |
| Overall Partnership Rating | | |
If in case you need help in getting started with your stockbroking business or you want to become a sub-broker with any of the prominent stockbrokers, let us assist you in taking the next steps forward:
Check More Comparisons:
If you need to see more comparisons just have a look here.