BMA Wealth Creators Franchise is a full-service stockbroker operating from Kolkata. They are the big shots of the industry. They claim their net worth to be more than Rs.2,000 crores.
The franchiser has over 40 branches across the nation. Moreover, they even have over 7,000 business partners. And, that’s the kind of thing we’ll be discussing today. We’re referring to their services as financial franchisers.
We’ll thoroughly review BMS Wealth Creators Sub Broker Program based on several business aspects. And, the review itself will serve as a guide to you. It’ll help you decide if you should be partnering with them.
|BMA Wealth Creators Sub Broker Highlight|
|Top Business Model||Sub Broker|
|Initial Investment Required||Rs.50,000 – Rs.200,000|
|Revenue Sharing||60% – 80%|
|Payout Time||30 Days|
|SB Code Activation Time||30 Days|
What do you know about BMA Wealth Creators Franchise?
Anubhav Bhatter first realized the need for a full-service brokerage firm in 2003. And, that’s when he founded BMA Wealth Creators Franchise. The franchiser was incorporated in Kolkata, West Bengal.
To have a net worth of over 2,000 Cr. is a great feat in itself. Even more, to achieve that in merely 16 years is miraculous.
The credit for their success goes to their firm vision and tactful management. Even the employees they have are highly trained and proactive in their jobs.
Moreover, they’ve even been a successful financial franchiser so far. And, their network of over 7,000 business partners is more than proof of that.
Speaking of which, they take 30 days to activate and allot a new sub broker’s code. Moreover, they even take 30 days to process the dues of their partners.
|BMA Wealth Creators Business Partner Overview|
|Here is the overview of BMA Wealth Creators Franchise|
|What type of Company is it? – Public / Private||Private|
|What is the Broker type?||Full Service Broker|
|Where is the Headquarter located?||Kolkata, West Bengal|
|Who is the Founder?||Anubhav Bhatter|
|What is the year of establishment?||2003|
|How many days does it take for SB Code Activation?||30 Days|
|How many days/weeks it takes for Payout?||30 Days|
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What are the various Business Models that BMA Wealth Creators Sub Broker Program provides?
BMA Wealth Creators Franchise is wise enough to understand the importance of control. That’s one of the many reasons why they don’t grant their partners any choice in matters like the business engagement model.
However, they even prefer to keep things transparent with their partners. That’s why they only grant the partners with one particular business model. We’re referring to the BMA Wealth Creators Franchise Sub Broker model.
- Sub Broker / Authorised Person
BMA Wealth Creators Sub Broker / Authorised Person
This ensures a lot of things. It enables the partners to provide all the services to the clients as a franchiser. It even allows the partners to grant extra benefits to the clients. This helps in retaining the clients with ease. However, it even restricts area wise business authority.
Thus, all partners have equal access to new clients. Furthermore, they even cannot restrict other partners’ actions in any region. This keeps the overall business authority in the hands of the franchiser.
On the bright side, the partners get a rather good commission for their services. The commission rates they enjoy are one of the highest in the industry.
|BMA Wealth Creators Franchise Business Models|
|Know about various Business Models of BMA Wealth Creaters|
|Is the Sub Broker business model available?||Yes|
|Do they provide Referral Program?||No|
|Do they provide Master Franchise Model?||No|
|Does this broker provide Partner / Remisier model?||No|
How does BMA Wealth Creators Sub Broker Revenue Sharing work?
BMA Wealth Creators franchise revenue sharing works in simple terms. The partners are granted a certain commission on the revenue they generate. Some parameters decide the commission rates for a particular partner.
We’re talking about the arrangements between partners and the franchiser. Even the security deposit plays an important role. However, depending upon these parameters, the partners get a commission between 60-80%.
|BMA Wealth Creators Sub Broker Revenue Sharing|
|Find the details of BMA Wealth Creators Sub Broker Commission for all Business Models|
|What is the revenue sharing for Sub Broker program?||60% – 80%|
|Do they provide revenue sharing or direct pay for Referral Program?||NA|
|How much is the revenue sharing Master Franchise business?||NA|
|How much is the revenue sharing required for Partner / Remisier model?||NA|
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What is the BMA Wealth Creators Business Partner Security Deposit requirement?
As mentioned, above, the commission rate is dependent on the security deposit paid. This is a part of the BMA Wealth Creators Franchise cost.
And, it must be borne by all the partners. The partner may choose to deposit the security cost between Rs.50,000-Rs.2,00,000.
|BMA Wealth Creators Franchise Security Deposit|
|Check the BMA Wealth Creators Franchise cost requirement for each business model|
|How much is security deposit required for Sub Broker Program?||Rs.50,000 – Rs.200,000|
|Is there any security deposit required for Referral Program?||NA|
|What is the initial investment required for Master Franchise Model?||NA|
|What is the deposit required for Partner / Remisier Model?||NA|
What are the various Offers rolled out by BMA Wealth Creators Authorised Person Program?
BMA Wealth Creators Franchise offers merely grant one relief to the partners. We’re referring to the flexible business revenue provision they have. This helps the partners to earn more at their discrete will.
|BMA Wealth Creators Sub Broker Offers|
|Here is the list of BMA Wealth Creators Franchise offers available to the clients|
|Do they provide Flexible Revenue Sharing offer?||Yes|
|Are they providing Flat Revenue Sharing offer?||No|
|Do they offer Zero Revenue Sharing model with Prepaid payment?||No|
|Do they provide Zero Deposit scheme?||No|
|Are they offering 10k Initial Deposit scheme?||No|
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What are the various Supports provided to BMA Wealth Creators Business Partner?
BMA Wealth Creators franchise support is a rather decent initiative. It seeks to help out the partners with easy business establishment. It consists of several support programs as mentioned below: –
- Acquisition Training
- Dealing Training
- Back Office Support
- Trading Support
- Advisory Support
- Marketing Support
|BMA Wealth Creators Business Partner Support|
|Here are the various Support BMA Wealth Creators Franchise needs to provide to their clients|
|Do they provide Acquisition Training to their associates?||Yes|
|Do they provide Training for Dealers of their sub brokers?||Yes|
|Are they providing Product Training for their business partners?||No|
|Do they provide Back-Office Support for their authorised person?||Yes|
|Are they providing Trading Support to their business partners?||Yes|
|Are they sharing Advisory Support with their partners?||Yes|
|Does the broking house provide Marketing Support to their sub brokers?||Yes|
Which is the Infrastructure required for BMA Wealth Creators Sub Broker Program?
Certain BMA Wealth Creators partner requirements are mandatory. We’re referring to the infrastructural establishment sought by the franchiser.
They help to maintain the free flow of business through technology. Thus, all the partners must have these establishments. And, the list goes as: –
- The partners must have an office with a minimum of 100 sq. ft. area.
- Partners must have some trading terminals. And, the terminals must be as per the industry needs and standards.
- The partners must have an active internet connection.
- Partners must have an active telephone line.
- The partners must have at least one employee.
|BMA Wealth Creators Partner Infrastructure Requirement|
|Find the various Infra required to take up BMA Wealth Creators Franchise|
|What is the Employee Strength needed to start this franchise?||Minimum 1|
|Do the Sub Broker needs to provide Trading Terminals?||Yes|
|Is the Internet Connection mandatory to take up franchise?||Yes|
|Are Telephone Lines mandatory for Business Partners?||Yes|
|Is it mandatory to provide Research Services by Sub Broker?||No|
|How much is the size of Office Area required to become a Sub Broker?||Minimum 100 Sq Ft|
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What are the eligibility criteria to become BMA Wealth Creators Partner?
BMA Wealth Creators franchise’s eligibility criteria are rather important. All aspiring partners must abide by every single norm mentioned in it. It includes: –
- Having a certain educative background. This helps to ascertain the basic understanding of business among partners. The franchiser needs at least an intermediate degree to allow registration.
- A certain experience of the industry. We’re talking about 2 consecutive years in stock trading and investment planning.
- Having a certain certification. The most important of all is a certificate from SEBI.
- Being of a certain age. The franchiser is rather strict with this rule. The applicants can only apply if they’re of 2 years or more. They need to provide proper verification of their age.
What are the brokerage charges levied on the Clients of BMA Wealth Creators Partners?
Even BMA Wealth Creator’s partner charges are confined. It’s done to prevent partners to act biased towards any client.
Thus, it ensures equal and unbiased treatment of the clients. It even unifies the profits that can be earned by the partners. Here is how it goes: –
- The clients must pay Rs. 50 per lot for an equity options trade.
- Clients must pay Rs. 20 per lot for a currency options trade.
- The clients must pay 0.03% for equity intraday trades.
- Clients must pay 0.30% for equity delivery trades.
- The clients must pay 0.03% for an equity futures trade.
- Clients must pay 0.03% for a currency futures trade.
- The clients must pay 0.30% for commodities trade.
|BMA Wealth Creators Sub Broker – Brokerage Charges to Clients|
|Here are the brokerage charges levied by BMA Wealth Creators Sub Broker to their clients|
|What are Equity Intraday charges?||0.03%|
|How much are Equity Delivery charges?||0.30%|
|How much is the charge levied on Equity Options?||Rs.50 per lot|
|How much are the Currency Options charges?||Rs.20 per lot|
|What are Equity Futures charges?||0.03%|
|What are the charges levied on Currency Futures?||0.03%|
|What are the charges levied on Commodity Trading?||0.03%|
What is the Account Opening Charges Levied to the clients of BMA Wealth Creators Sub Broker?
Even BMA Wealth Creators franchise charges are kept under restrictions. The reason for this is the same as mentioned above. This helps the clients to be treated equally by all franchise partners.
So, here’s how the charge list unfolds: –
- The clients need to pay Rs. 500 as an account opening charge.
- Clients need to pay Rs. 250 annually for Demat AMC.
- The clients must maintain a minimum margin balance of Rs. 20,000. Failing to do so can cause to cancellation of their privileges.
- Clients must be charged 0.00300% as a transaction charge.
|BMA Wealth Creators Franchise – Account Opening Charges to Clients|
|Here are the account opening charges levied by BMA Wealth Creators Franchise to their clients|
|What are the Account Opening Charges?||Rs.500|
|What is the Margin Money required?||Rs.20,000 Minimum|
|What is the charge for Demat AMC?||Rs.250|
|how much are Trading AMC charges?||Free|
|How much is the Transaction Charges levied?||0.00300%|
What are the Customer Ratings of the BMA Wealth Creators Authorised Person Program?
We’ve tried to depict BMA Wealth Creators franchise ratings within the chart above. They have been rated on a scale of 1-5. And, all the ratings have been done in an unbiased manner.
So, here’s how they’ve managed to perform: –
- They received 2.5/5 for the revenue-sharing model they use.
- Also, They’ve received 2.5/5 for the security deposit they need.
- They’ve received 2.5/5 for the experience they have.
- Also, They’ve received 2.6/5 for the offers they grant.
- They’ve received 2.3/5 for their trading platforms including the mobile app.
- On the whole, they’ve received 2.5/5 as a financial franchiser.
|BMA Wealth Creators Franchise Customer Ratings|
|Find Client Ratings & Reviews against multiple parameters for BMA Wealth Creators|
|According to Revenue Sharing Model of the Franchiser||2.5 / 5|
|Ratings as per Security Deposit provided by the company||2.5 / 5|
|As per Experience in the Sub Broker Business||2.5 / 5|
|As per Offers provided by the Broking Franchise||2.6 / 5|
|Ratings as per Mobile Trading App & Trading Platforms||2.3 / 5|
|Overall Ratings of the Sub Broker Franchise||2.5 / 5|
BMA Wealth Creators Franchise Conclusion
We can clearly say that BMA Wealth Creators Franchise is one of the best choices one can have in terms of the financial franchiser. And, their records prove their flawless success.
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