Elite Wealth Associates Vs Angel Broking 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 associates 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, a well-established full-service stockbroker with 11,500+ branches across the country i.e. Angel Broking.
It is a well-established network across India is evident from the fact that its branches are found in over 150 cities and the sub-broker business is established in more than 500 cities and towns of the country.
It has got various awards from D&B such as BSE Major Volume Driver stockbroker regularly for 10 years, i.e from 2004-14, Largest Sub-broker Network award and Top 5 Retail Broking houses.
Clients can avail of various advantages such as opening a Trading account, Demat account, get research reports, investing in IPO, etc.
With Angel broking Franchise, one can trade with a wide range of products such as Mutual Funds, Derivatives, Equity, Commodity, Currency, etc. Owing to its reputation in the past decades, it has very good brand equity.
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 Angel Broking Franchise Basics
Let’s have a deeper look into their respective business partnership propositions where we explore information on their:
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- 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 Angel Broking 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 (Hybrid) |
| Founded In | 1990 | 1987 |
| CEO | Ravinder Prakash Seth | Vinay Aggarwal |
| Headquarters | New Delhi, Delhi | Mumbai |
| Sub Broker Activation Duration | 35 Days | 3-4 Business Days |
| Payout Frequency | 20 Days | 30 Days |
| Network Strength | 100+ | 11000+ |
| Active Clients | 10 Lakh+ | 4 Lakh+ |
| Clients Complaint Percentage (Industry Average: 0.06%) | 0.04% | 0.05% |
| Business Models | ||
| Sub Broker/Authorized Person |  | |
| Franchise | | |
| Master Franchise |  | |
| Remisier | | |
| Referral Plan | | |
| Entrepreneurial Partner | | |
| Revenue Sharing | ||
| Sub Broker/Authorized Person | 50% to 80% | 40% to 80% |
| Franchise | NA | 40% to 80% |
| Master Franchise | NA | 60% to 85% |
| Remisier | 20% to 30% | 30% to 50% |
| Referral Plan | NA | 10% |
| Entrepreneurial Partner | NA | NA |
| Initial Costing | ||
| Sub Broker/Authorized Person | ₹1 lac onwards | ₹50k to ₹2 Lakh |
| Franchise | NA | ₹50k to ₹2 Lakh |
| Master Franchise | NA | ₹1 Lakh to ₹3 Lakh |
| Remisier | ₹ 15,000 to ₹ 30,000 | ₹10k to ₹20k |
| Referral Plan | NA | ₹0 |
| 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 | ₹450 |
| Trading Account Opening | ₹0 | ₹0 |
| Trading Account Maintenance | ₹0 | ₹0 |
| Trading Platform Charges | ₹0 | ₹0 |
| Brokerage | ||
| Equity Delivery | 0.33% | ₹15 Per Executed Order |
| Equity Intraday | 0.03% | ₹15 Per Executed Order |
| Equity Futures | 0.03% | ₹15 Per Executed Order |
| Equity Options | ₹ 33 per Lot | ₹15 Per Executed Order |
| Currency Futures | 0.03% | ₹15 Per Executed Order |
| Currency Options | ₹ 33 per Lot | ₹15 Per Executed Order |
| Commodity | 0.03% | ₹15 Per Executed Order |
| 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:
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