In case you are looking at joining Way2Wealth as a Sub Broker, this article will surely come in handy as it gives end-to-end information about the Way2Wealth Franchise program.
All information ranging from what are their joining fees, what is the security deposit needed, how much are their brokerage charges, what revenue sharing percentage would you be eligible; everything would be available for your review in this article.
So get geared up in becoming a Way2Wealth Sub Broker and start your business with a bang.
|Way2Wealth Sub Broker Highlight|
|Top Business Model||Sub Broker|
|Initial Investment Required||Rs.50,000 – Rs.100,000|
|Revenue Sharing||60% – 70%|
|Payout Time||31 Days|
|SB Code Activation Time||25 Days|
What do you know about Way2Wealth Franchise?
Way2Wealth is a private Full Service broker based out of Bangalore, Karnataka. It was founded by Mr. V.G. Siddhartha in the year 1984.
Dating back a legacy of over 35 years, the company has shown considerable amount of increment in its customer base as well as profitability over the years.
The fact that they deal in varied segments and products, it enables the Way2Wealth Sub Broker business to flourish. Being a Way2Welath Franchise means that you will get complete access and support from them to grow your business each day.
Associating with them is also very easy, it only takes around 25 days post registration for your activation code to be generated and their payment cycle is also considered on a monthly mode hence pay-outs is also not an issue.
|Way2Wealth Business Partner Overview|
|Here is the overview of Way2Wealth Franchise|
|What type of Company is it? – Public / Private||Private|
|What is the Broker type?||Full Service Broker|
|Where is the Headquarter located?||Bangalore, Karnataka|
|Who is the Founder?||V.G. Siddhartha|
|What is the year of establishment?||1984|
|How many days does it take for SB Code Activation?||25 Days|
|How many days/weeks it takes for Payout?||31 Days|
Speak to the Franchise Managers now! Fill up the form:
What are the various Business Models that Way2Wealth Sub Broker Program provides?
Way2Wealth operates its business partnership in 3 distinct business models:
- Sub Broker / Authorised Person
- Master Franchise
- Partner Program / Remisier
Way2Wealth Sub Broker / Authorised Person
The Way2Wealth Sub Broker model is similar to all other Sub Broker partnerships wherein the Sub Broker gets access to the company’s portals and can do business with end customer on behalf of the company.
Way2Wealth Master Franchise
The Way2Wealth Master Franchise is more like a distributor or Franchise business of the Stock broker himself wherein the Master franchise will run the company as an independent unit and trade using its own systems. A Master franchise will also have a region allotted to him and all Sub brokers under that region will also report into that Franchise.
Way2Wealth Partner Program / Remisier
The Remisier is more like an agent or advisor working with the company on commission basis who will get paid for every closed deal.
|Way2Wealth Franchise Business Models|
|Know about various Business Models of Way2Wealth|
|Is the Sub Broker business model available?||Yes|
|Do they provide Referral Program?||No|
|Do they provide Master Franchise Model?||Yes|
|Does this broker provide Partner / Remisier model?||Yes|
How does Way2Wealth Sub Broker Revenue Sharing work?
The Way2Wealth Sub Broker commission system is also very well defined and laid down in a way that is easy to understand for all. The Master Franchise gets the maximum share in the revenue generated; he gets 70% – 80% share from the revenue that he generates.
This is primarily because they are the ones who run the business single-handedly. The Sub Broker is the second score in the revenue share; he gets 60% – 70% of the revenue share which is also because the Sub Broker puts in a lot of effort to build a business base and customer base for marketing.
The least share is given to the Remisier i.e. 15% – 25% as this is purely on a commission basis. The Remisier is not expected to provide any after-sales service or assistance to the customer; that is taken care of by the company itself. Such is the Way2Wealth Franchise Revenue, sharing model.
|Way2Wealth Sub Broker Revenue Sharing|
|Find the details of Way2Wealth Sub Broker Commission for all Business Models|
|What is the revenue sharing for Sub Broker program?||60% – 70%|
|Do they provide revenue sharing or direct pay for Referral Program?||NA|
|How much is the revenue sharing Master Franchise business?||70% – 80%|
|How much is the revenue sharing required for Partner / Remisier model?||15% – 25%|
Know about Revenue Sharing of other Sub Broker Franchise
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|5Paisa Franchise||SBICap Securities Franchise||JM Financial Franchise|
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What is the Way2Wealth Business Partner Security Deposit requirement?
Similar to the Revenue sharing structure, even the Way2Wealth Franchise Cost differs in each business model.
Since the Master Franchise earns the maximum share from the business and also the setup is more complex, the initial security deposit for them is also the highest i.e. Rs. 2,00,000 –Rs. 3,00,000.
The Way2Wealth Sub Broker Investment is a little less than the Master Franchise i.e. around Rs. 50,000 to Rs. 100,000. For the Remisier, the security deposit requirement is the least ie. Rs. 10,000 only. He can just deposit a minimum amount and get started off.
|Way2Wealth Franchise Security Deposit|
|Check the Way2Wealth Franchise cost requirement for each business model|
|How much is security deposit required for Sub Broker Program?||Rs.50,000 – Rs.100,000|
|Is there any security deposit required for Referral Program?||NA|
|What is the initial investment required for Master Franchise Model?||Rs.200,000 – Rs.300,000|
|What is the deposit required for Partner / Remisier Model?||Rs.10,000|
What are the various Offers rolled out by Way2Wealth Authorised Person Program?
There are various Way2Wealth Franchise Offers that the company keeps launching time and again to ensure that the business partners get attractive benefits. Some sporadic incentive schemes are also launched keeping in mind business interests.
However, some offers are fixed and running year round. For example, the Flexible Revenue sharing program is something that you can enjoy anytime.
The more business you offer to the company; the maximum would be your revenue sharing ratio. Some of the other Way2Welath Sub Broker offers would be an Initial 10K deposit; which means that one can also join them as a Sub Broker or Remisier by just depositing a minimum amount of 10,000.
|Way2Wealth Sub Broker Offers|
|Here is the list of Way2Wealth 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?||Yes|
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What are the various Supports provided to Way2Wealth Business Partner?
Way2Wealth is a very supportive and partner friendly company. They ensure they extend all type of support to their business partners to make them profitable in the business.
By doing so, they are in turn increasing their own sustainability in the industry. Some of the Way2Wealth Franchise Support that you can expect is a 24/7 Back Office support for any trading related concerns.
You also get end-to-end trading support despite the fact that you will have access to their complete trading terminals. They also provide Advisory Support and Marketing support as a part of the Way2Wealth Partner Support.
|Way2Wealth Business Partner Support|
|Here are the various Support Way2Wealth 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?||No|
|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 Way2Wealth Sub Broker Program?
With respect to the Way2Wealth Sub Broker Infra Requirement, the company is very logical and realistic in their demand.
They expect you to have a dedicated office space of atleast 300 sq ft area for their office operations and a team strength of minimum 3 employees working full time on the project.
Other auxiliary requirements are not mandate but needed in a business like this; for example Telephone lines to call customers, internet connection to be online and trade using their trading terminals etc.
They don’t have a mandate for you to have a research or advisory service providing. These are some of the Way2Welath Partner Requirement that they have when it comes to maintaining an office space.
|Way2Wealth Partner Infrastructure Requirement|
|Find the various Infra required to take up Way2Wealth Franchise|
|What is the Employee Strength needed to start this franchise?||Minimum 3|
|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?||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 300 Sq Ft|
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What is the Eligibility Criteria to Become Way2Wealth Partner?
Like every Stock Broker, they have some Way2Wealth Sub Broker Eligibility which you need to fulfill before becoming a Sub broker, or Master Franchise or Remisier with them.
Although the eligibility for a Remisier will not be that stringent, however in all the three cases, they would certainly want a minimum qualified person to run the show. This means that you need to be atleast 10+2 pass or hold an equivalent degree.
With respect to knowledge, anyone working as a Sub broker or Master Franchise with Way2Wealth needs to have minimum 2 years knowledge and experience in the Stock broking industry.
If you are taking up a Master Franchise from them, then you should have atleast some experience in managing and handling a Stock Broker business in a similar environment; they would certainly not provide a Master Franchise licence to an amateur.
These are some basics of the Way2Wealth Franchise Eligibility that you need to follow.
What is the brokerage charges levied to the Clients of Way2Wealth Partners?
Across the industry, it is known that the Way2Wealth Partner charges are lowest than most competitors. For Equity Intraday, Equity Futures, Currency Futures and commodity, their brokerage charges are same i.e. 0-01% – 0.04% of the trade value.
For Equity Delivery, they charge 0.1% – 0.4% of the total trade value as brokerage charge. With respect to the Options segment, they have a per lot charging system; which means that they charge one lump sum amount irrespective of the value of trade.
For Equity Options, they would charge you Rs. 20-Rs. 70 per lot and for Currency options, they would charge Rs. 10 to Rs. 40 per lot. Such are the Way2Wealth Authorized Person Charges
|Way2Wealth Sub Broker – Brokerage Charges to Clients|
|Here are the brokerage charges levied by Way2Wealth Sub Broker to their clients|
|What are Equity Intraday charges?||0.01% – 0.04%|
|How much are Equity Delivery charges?||0.1% – 0.4%|
|How much is the charge levied on Equity Options?||Rs.20 – Rs.70 per Lot|
|How much are the Currency Options charges?||Rs.10 – Rs.40 per Lot|
|What are Equity Futures charges?||0.01% – 0.04%|
|What are the charges levied on Currency Futures?||0.01% – 0.04%|
|What are the charges levied on Commodity Trading?||0.01% – 0.04%|
What is the Account Opening Charges Levied to the clients of Way2Wealth Sub Broker?
The account opening charges with Way2Wealth is also on the lowest side when compared with itys competitors. Infact there is no account opening charges at all for Trading Account as well as for the Demat Account.
There is only an AMC charges which the company charges for the Demat account i.e. Rs. 200 per annum. They also have a Zero Margin money concept.
Their Transaction charges are 0.00295% of the total transaction value for the month which is charged once a month. Hence you can see that the Way2Wealth Sub Broker Charges are extremely low and affordable and will surely not dent your pocket.
|Way2Wealth Franchise – Account Opening Charges to Clients|
|Here are the account opening charges levied by Way2Wealth Franchise to their clients|
|What are the Account Opening Charges?||Zero|
|What is the Margin Money required?||Zero Margin|
|What is the charge for Demat AMC?||Rs.200|
|how much are Trading AMC charges?||Free|
|How much is the Transaction Charges levied?||0.00295%|
What is the Customer Ratings of Way2Wealth Authorised Person Program?
If you are ever looking for a company’s honest feedback, you should go for the company’s review. Hence the Way2Wealth Sub Broker Review can provide you many insights about the company. They have got an overall score of 2.5 vis-à-vis a 5 point scoring.
They got a 2.3 rating on their Revenue Sharing Model, a 2.4 rating on their Security Deposit and a 2.5 rating against 5 points on their Mobile Apps & Trading Platforms.
On Customer Experience and Offers they have got maximum points i.e. 2.6 rating. Hence this Way2Wealth Franchise Rating can help you decide whether to go with them or no.
|Way2Wealth Franchise Customer Ratings|
|Find Client Ratings & Reviews against multiple parameters for Way2Wealth|
|According to Revenue Sharing Model of the Franchiser||2.3 / 5|
|Ratings as per Security Deposit provided by the company||2.4 / 5|
|As per Experience in the Sub Broker Business||2.6 / 5|
|As per Offers provided by the Broking Franchise||2.6 / 5|
|Ratings as per Mobile Trading App & Trading Platforms||2.5 / 5|
|Overall Ratings of the Sub Broker Franchise||2.5 / 5|
Way2Wealth Franchise Conclusion
Way2Wealth, being a seasoned player in the industry, has undoubtedly earned its position in the industry of being amongst the best Stock brokers in India.
The Way2Wealth Franchise is also a very famous and well-known program in the market wherein most people want to enroll with them and start their trading career.
The benefits and support that a Way2Wealth Sub Broker gets are also far more superior than most sub-brokers of other companies. Hence you can now decide and start off with them your journey towards trading and earning.
Get to know about other Sub Brokers in India
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Start your own Business Now! Become a Sub Broker. Fill up the Form
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