Ventura Securities offers the best brokerage services and lucrative business opportunities. Interested? Learn how to become a sub broker in Ventura Securities.
Headquartered in the financial capital of India – Mumbai, Ventura Securities has something hugely valuable yet hard to find – experience.
The full service broker was established way back in 1994 and is one of the most recognized names in the industry.
The broker is registered with NSE, BSE, MCX, and NCDEX and allows investing opportunities in a variety of instruments such as equity, currency, commodity, mutual funds, etc. in addition to the broker offers research facilities to help investors make better investment decisions.
The quality offered by the broker works wonders in terms of attracting huge interest from individuals interested in availing their demat account services but also for the ones interested in a business partnership.
The broker currently boasts of an active client base of around 90,000 customers and as per the recent trends, the number will be going up.
The broker is looking to increase its presence in the country and offer business partnership opportunities to aspiring entrepreneurs.
This is good news for individuals interested in becoming a sub broker. So, if you are considering those possibilities, you would want to know how to become a sub broker in Ventura Securities.
Here in this article, we will be looking at all the charges, eligibility criteria, documents required during the sub broker registration process.
Ventura Securities Sub Broker Model
There are stockbrokers in the industry that offer multiple sub broker models or methods of association.
While there are many who only offer a single partnership model to save individuals from any mix-up.
The broker understands the importance of offering options in terms of business opportunities and hence provides 2 sub broker models.
The Ventura Securities sub broker models are –
- Business Partner
- Professional Referral
If you want a business partnership with Ventura Securities, you will have to sit for sub-broker exam. You need to acquire certification to be eligible for distributing financial products offered by the broker.
Both of these sub broker models vary in terms of operations, the commission rates that you can earn, the charges that you will need to pay for enrolling in them.
Ventura Securities Business Partner Model
This is the first kind of sub broker model by the broker. Here, the sub broker has the responsibilities of an Authorized Person who works to get more customers for the broker.
The sub broker will have the entire suite of investment products to distribute. The list of investment products offered by the broker includes – Equities, Commodities, Currency, Mutual Funds, Bonds, and FDs.
When you become a sub broker in Ventura Securities, although you will be mainly working out ways to acquire new customers. However, you will also be helping already existing customers invest in a diverse range of financial products.
The broker knows the importance of paying their business partners well. This is pretty evident through their tagline.
The Ventura Securities commission rates are competitive as per industry standards.
The commission rates vary in the range of 50 to 80%, however, a lot depends on the volume of business the sub broker gets for the broker.
Also, there are some sub broker charges that the individual will have to pay in order to enroll for the Ventura Securities business partner model.
Here, the sub broker will need to deposit an initial security deposit with the broker during the registration process.
This amount however will however be returned later at the time of cancellation and contract termination.
In addition to this, this model requires a sub broker to set up an office space to carry out trading activities, provide facilities to the customers.
So, individuals who want to go for this model must have enough money to purchase or at least rent for office space. The minimum investment amount can fall around in the region of ₹ 2 – ₹5 Lakhs.
Ventura Securities Professional Referral Model
Given the huge investment amount required to enroll into the above-mentioned business partner model, many individuals may find it hard to go for a business association.
Likewise, there is the Ventura Securities Professional Referral model which can be a great opportunity for such individuals who lack the required funds.
Under this model, the sub broker works to sell the broker’s investment products to their own set of clients.
This model is designed for existing professionals in the finance industry such as – Accountants, Insurance Agents, and Financial Advisors, etc.
Under this sub broker model, an individual need not make any sort of investments. Here the individual can begin selling all the investment products offered by the broker without setting up an office for themselves.
The sub broker can expect a commission of around 25 – 35% under this model.
Ventura Securites Sub Broker Process
A business partnership with the broker is clearly an opportunity that can not be missed at any cost. The registration process is a fairly easy ride.
You just need to follow the below-mentioned steps to become a sub broker of Ventura Securities:
- Simply fill in the below-mentioned form. You just have to provide us with your – Name, Contact Number, City.
- After you submit the form, you will receive a phone call from one of the Ventura Securities representatives.
- In this telephonic interview, you will need to share your business goals, your qualification details with the representative.
- Later, the Ventura Securities representative will fix an appointment with you to take the process further.
- You will be provided with all the details regarding the sub broker models, such as the commission rates, costs, and information regarding the minimum investment required. In addition to this, you will be provided with details such as documents required, responsibilities for each sub broker model, etc.
- Later you can arrange for a physical meeting with the executive to sign the papers. You will need to provide the necessary documents during the meeting.
- After this, your submitted documents will be sent for verification.
- Once the document verification part is done. You will be provided with sub broker account login credentials. You will need these account credentials – your account login ID and the corresponding password for setting up your sub broker account.
- The password can be changed at a later time, however, you will have to use it for the first time to gain access to your account.
The complete sub broker registration process takes up to 4 – 5 business days.
Ventura Securities Sub Broker Eligibility
To save individuals from any sort of confusion Ventura Securities has defined their sub broker eligibility criteria. Any interested individual must make sure that they meet the listed requirements.
Here is the list of eligibility criteria to become a sub broker with the discount broker:
▶️ The individual should at least have attained matriculation education. A strong financial background, qualification like a degree in finance or MBA will serve to strengthen your chances.
▶️ The applicant should at least be 18 years old or older.
▶️ SEBI registration certificate.
▶️ An individual with relevant experience in the financial domain.
▶️ Individuals having good contacts, and understanding of the stock market operations will be given preference.
▶️ The individuals who want to trade in the Futures and Options, Equity, currency segments will need to ensure that they have the mandatory NISM certificates.
Ventura Securities Sub Broker Charges
Ventura Securities sub broker charges are one of the top queries among individuals keen on a business partnership with the broker. The list of sub broker charges varies across the partnership models.
However, the SEBI registration fees are mandatory across both the sub broker models. This amount of ₹2360 + GST charges is to be submitted along with the registration form.
Talking about the “Business Partner” model, the individual will have to submit an initial security deposit of around ₹1 Lakh.
This amount will be refunded to the sub broker when the contract is cancelled or terminated.
Apart from this, the broker will have to incur some infrastructure charges as well. The sub broker will be required to set up an office, to begin with, their business operations, and to provide services to their clients.
Ideally, the individual will have to rent, lease office space of around 200 sq yards. The costs depend on the location of the office itself.
However, in general, this can cost anywhere around ₹1 – ₹1.5 Lakhs.
This is pretty much the same for most of the stockbroking firms in the country.
Moreover, there is another way to become a sub broker in Ventura Securities – “Professional Referral” model. Here the individual will not have to deposit a security deposit with the broker.
Also, the individual will not have to set up an office to begin servicing their clients like in the previous sub broker model.
Under this model, the sub broker will distribute financial products offered by the broker to his/her own set of clients.
Documents for Ventura Securities Sub Broker
The Ventura Securities sub broker registration process requires the individual to submit a couple of documents.
The broker has enlisted a well-defined list of documents that an individual must possess at the time of registration.
The list includes the mandatory PAN Card, along with the NISM certification to be eligible to distribute certain financial products to their clients.
In all, the documents for Ventura Securities sub broker are listed below:
📑 PAN Card
📑 Identification Proof – PAN card, Aadhaar Card, Voter ID Card, Passport, Driving License.
📑 Address Proof – Aadhaar Card, Voter ID, Driving License, Rent Agreement, Passport, Hostel Address, Electricity Bill, Telephone Bill.
📑 Qualification Proof – Copy of 10th Marksheet, Graduation certificate, NISM certification for activating the Futures and Options segment.
📑 Age Proof – Aadhaar Card, Driving License, Voter ID Card, or other valid certificates where age is mentioned.
📑 SEBI Registration Certificate
📑 Passport Size Photographs
Ventura Securities is one of the most recognized stockbrokers in the industry. The full service stockbroker began operations in 1994 and has a fair share of fame among the investors and traders.
This translates into a golden opportunity for business enthusiasts to partner with the broker and begins their business journey.
The broker offers two partnership models – each entirely different from one another in terms of operations, charges involved, etc.
For the talk of how to become a sub broker in Ventura Securities – the process is a cakewalk really. Interested individuals will have to submit a couple of documents, and pay up a couple of charges.
The sub broker registration charges vary depending upon the model that the Individual chooses. “Business Partner” model is for someone who is considering becoming an authorized person with the broker.
The other sub broker model is the “Professional Referral” model where the sub broker will work to channelize the broker’s services to their own set of clients.
The broker knows the importance of paying their business partners well. Yeah, that’s yet another reference to their tagline.
Ventura Securities commission rates are fairly good as far as industry standards are concerned.
You can expect to make anywhere around 50 to 80% under the “Business Partner” model. On the other hand, the commission rate can be around 25- 35% in the “Professional Referral” model.
Clearly, a sub broker partnership with the broker is a great opportunity.
So, if you too are interested in a sub broker partnership with the broker, allow us the opportunity to assist you in taking the first step.
All you have to do is fill in the below-given table.