This article will give you an insight into the Competent Finman Franchise and what you have to do if you want to become one. If you have an interest in becoming a Competent Finman Sub Broker, then this read-up will come in very handy to you.
Here, most of your doubts and queries will be solved keeping in mind the fact if you want to get connected to the company. If you have any questions regarding how to sign up with Competent Finman, the documents that you will need in the process, the eligibility criteria for the company, and their revenue sharing percentage, everything will be cleared here.
| Competent Finman Sub Broker Highlight | |
| Top Business Model | Sub Broker |
| Initial Investment Required | Rs.50,000 – Rs.150,000 |
| Revenue Sharing | 50% – 75% |
| Payout Time | 33 Days |
| SB Code Activation Time | 3-5 Weeks |
What do you know about Competent Finman Franchise?
Competent Finman is a Private Full-Service Broker with brief experience that came into the business in India in the year 2000. Founded by Mr. Ranjan Chawla, the company was established in the early 2000s in the heart of Chandigarh.
If you are thinking of getting linked to them as a Competent Finman Sub Broker, then you are sure to have no regret as they are one of the most transparent and fair organizations. They follow a pretty simple and regular mode of payment, usually in about 33 days.
Being a Competent Finman Franchise is nothing of a complex job, within 3-5 weeks the application to get the activation code works out.
| Competent Finman Business Partner Overview | |
| Here is the overview of Competent Finman Franchise | |
| What type of Company is it? – Public / Private | Private |
| What is the Broker type? | Full Service Broker |
| Where is the Headquarter located? | Chandigarh |
| Who is the Founder? | Ranjan Chawla |
| What is the year of establishment? | 2000 |
| How many days does it take for SB Code Activation? | 3-5 Weeks |
| How many days/weeks it takes for Payout? | 33 Days |
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What are the various Business Models that the Competent Finman Sub Broker Program provides?
To become a Competent Finman Franchise, you will have to a very simple procedure. They are themselves one uncomplicated organization; hence the business models they follow are also uncomplicated and easily laid.
They work in two models, one of which is the Sub Broker model and the other one being the Remisier model. This allows you to become a Competent Finman Sub Broker or a Competent Finman Remisier but not an agent or a franchisor.
Competent finman sub broker/authorised person
The competent Finman Sub Broker model follows a vastly comparable model to the ones available in the field of the share market. They give chance to others to let them use their company’s name, explore and run the business.
There can be several sub-brokers in the same company in one place. This model heavily depends on the customer base for its functioning and profit.
Competent finman remisier
Competent Finman connects with the broker for its operation through the Remisier model. This model lets you earn while you consign or refer to other clients.
It is one easy way to draw brokerage by simply introducing clients. Earning through this model does not even require infrastructure.
| Competent Finman Franchise Business Models | |
| Know about various Business Models of Competent Finman | |
| 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? | Yes |
How does Competent Finman Sub Broker Revenue Sharing work?
The Competent Finman Franchise Revenue sharing model is exceptionally crisp and beautifully defined. Since they have two working Sub Broker models, their revenue sharing percentage is also well laid for everyone.
They appreciate the effort of their business associates and return them the highest allowed share. If you get involved with them, then your Competent Finman Sub Broker Commission would be somewhere between 50 percent and 75 percent, and your Competent Finman Remisier Commission would also be somewhere between 10 percent and 20 percent of the full profit earned by you.
You can go ahead and negotiate for a higher share in profit if you give them surety of a better profit generation or a bigger business.
| Competent Finman Sub Broker Revenue Sharing | |
| Find the details of Competent Finman Sub Broker Commission for all Business Models | |
| What is the revenue sharing for Sub Broker program? | 50% – 75% |
| 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? | 10% – 20% |
Know about Revenue Sharing of other Sub Broker Franchise
What is the Competent Finman Business Partner Security Deposit requirement?
Above all, the Competent Finman Franchise Cost is not much when compared to others in the market. Many other companies charge a lump sum which at times goes as high as Rs 5lacs and sometimes a one-time deposit in the name of security.
Though, working with this organization, your entire Competent Finman Sub Broker Investment would range from Rs 50,000 to Rs 100,000. The inconsistency in the deposit amount exists for an odd reason.
However, your Competent Finman Remisier Investment would range from Rs 5,000 to Rs 20,000. If you already have a well-established business setup or a well-built customer base and if you pledge them a bigger business quantum, you can simply settle for a lower outlay.
| Competent Finman Franchise Security Deposit | |
| Check the Competent Finman Franchise cost requirement for each business model | |
| How much is a security deposit required for Sub Broker Program? | Rs.50,000 – Rs.150,000 |
| 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? | Rs.5,000 – Rs.20,000 |
What are the various Offers rolled out by Competent Finman Authorised Person Program?
You can imagine getting many Competent Finman Sub Broker Offers if you get associated with them. Flexible Revenue Sharing is one of the most attractive offers they have for you. Apart from this, they also have the option of a Zero Deposit offer.
Yet, you are deprived of other options like Flat Revenue Sharing, Zero Revenue Sharing with Prepaid, and a 10k Initial Deposit from the directory of Competent Finman Franchise Offers.
| Competent Finman Sub Broker Offers | |
| Here is the list of Competent Finman 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? | Yes |
| Are they offering 10k Initial Deposit scheme? | No |
Check out the various offers of other Sub Broker Providers
What are the various Supports provided to Competent Finman Business Partner?
Being their business partner, you can look forward to getting help in the form of Competent Finman Franchise Support. They devote a lot to prepping their partners, hence the Dealing Training.
Again, as a measurement of the Competent Finman Partner Support, you can expect Back Office support from their squad and also support related to Trading, Advisory, and Marketing to their partners. Despite this, there are two elements you have to take care of yourself which are training in Acquisition and Product.
| Competent Finman Business Partner Support | |
| Here are the various Support Competent Finman Franchise needs to provide to their clients | |
| Do they provide Acquisition Training to their associates? | No |
| 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 a Competent Finman Sub Broker Program?
The Competent Finman Partner Requirement is known for its credible and conservative nature. They don’t have some over-the-top claims from their business partners to preserve the soaring standard in infrastructure.
All the company wants is for you to maintain a small office space of a minimum of 100 sqft to conduct the business with at least 1 employee. Another requirement under CompetentFinman Sub Broker Infra Requirement is access to Trading Terminals in the workplace.
| Competent Finman Partner Infrastructure Requirement | |
| Find the various Infra required to take up Competent Finman 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? | No |
| Are Telephone Lines mandatory for Business Partners? | No |
| 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 |
Find out the basic requirements of other Stock Broking Franchise
What are the eligibility criteria to become a competent finman partner?
Like numerous other brokers, they also encompass their own Competent Finman Sub Broker Eligibility, which asserts that they would ensure that you are qualified to become a sub-broker under their firm.
The fundamental criterion is that the applicant must have passed his or her (+2) from a board recognized under the Indian government, although a graduation degree is much preferable. The applicant should have a depth of knowledge in the field of the financial market, and experience through his prior work.
He/she must possess current information related to the environment, politic, and economics. Candidate must be well equipped with computers, must have a good communication skills which will help in communicating with the customers later on.
He/she should also have good management skills and major NISM modules on F&O, commodities, mutual funds, and equities. These things make up the entire Competent Finman Franchise Eligibility criterion.
What are the brokerage charges levied to the Clients of Competent Finman Partners?
One impressive thing about this company is their brokerage charges, as Competent Finman Partner Charges are one of the lowest across the industry. For Equity Intraday, Equity Futures, and Currency Futures your customers will have to pay 0.04 percent of the transaction value.
For Equity Delivery the company will charge 0.35 percent of the total trade value. Now if we talk about the options, they charge based on per lot, in the case of Equity Options the rate is Rs 75 per lot, and for Currency Options, it is Rs 50 per lot irrespective of what your trade value is. Still, if you compare the Competent Finman Authorised Person Charges with others in the market you will see the disparity, which eventually attracts customers.
| Competent Finman Sub Broker – Brokerage Charges to Clients | |
| Here are the brokerage charges levied by Competent Finman Sub Broker to their clients | |
| What are Equity Intraday charges? | 0.04% |
| How much are Equity Delivery charges? | 0.35% |
| How much is the charge levied on Equity Options? | Rs.75 per Lot |
| How much are the Currency Options charges? | Rs.50 per Lot |
| What are Equity Futures charges? | 0.04% |
| What are the charges levied on Currency Futures? | 0.04% |
| What are the charges levied on Commodity Trading? | NA |
What are the Account Opening Charges Levied to the clients of Competent Finman Sub Broker?
You can secure the charges for opening an account with Competent. Subsidized rates will be charged from your clients under the Competent Finman Franchise Charges. There is a small payment of Rs 250 that is to be made for opening an account.
Again, for maintaining your Demat account, it will cost you Rs 250 per annum whereas the same for a Trading account will cost nothing. Marginal money of Rs 20,000 will also be imposed which is refundable. Clients will be charged with care as per the Competent Finman Sub Broker Charges with a mere transaction charge of 0.0025 percent.
| Competent Finman Franchise – Account Opening Charges to Clients | |
| Here are the account opening charges levied by Competent Finman Franchise to their clients | |
| What are the Account Opening Charges? | Rs.250 |
| What is the Margin Money required? | Minimum Rs.20,000 |
| What is the charge for Demat AMC? | Rs.250 per Annum |
| how much are Trading AMC charges? | Free |
| How much is the Transaction Charges levied? | 0.00% |
What are the Customer Ratings of the Competent Finman Authorised Person Program?
If you are seeking an open and upfront view of the company, then the Competent Finman Sub Broker Review and the ratings from the customers will help you.
Their Revenue Sharing model gets a 2.5 out of 5, their Security Deposit and Offers both get a 2.4 out of 5 and for Experience and Mobile trading platforms, they score a 2.3 out of 5. With these ratings, the Competent Finman Franchise Rating scores an overall 2.3 out of 5.
| Competent Finman Franchise Customer Ratings | |
| Find Client Ratings & Reviews against multiple parameters for Competent Finman | |
| According to Revenue Sharing Model of the Franchisor | 2.5 / 5 |
| Ratings as per Security Deposit provided by the company | 2.4 / 5 |
| As per Experience in the Sub Broker Business | 2.3 / 5 |
| As per Offers provided by the Broking Franchise | 2.4 / 5 |
| Ratings as per Mobile Trading App & Trading Platforms | 2.3 / 5 |
| Overall Ratings of the Sub Broker Franchise | 2.3 / 5 |
| Star Ratings | ★★★☆☆ |
Competent Finman Franchise Conclusion
In conclusion, the Competent Finman Franchise is a good business opportunity if you want to set up your stockbroking organization and make some good cash. The company’s rules and services are pretty bendy to enable you to do business as a Competent Finman Sub Broker and reach a good height.
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