Goodwill Wealth Management Franchise Cost – How to get, Contact, Apply, Fee

Goodwill Wealth Management

Goodwill Wealth Management is a full-service brokerage house that provides comprehensive advisory services to its clients under one roof. We specialize in advisory services in both cash and derivatives sides of the capital markets, and also offer commodity trading through our group subsidiaries. We are a member of the MCX and have a diversified customer base of institutional, high net worth, and retail investors. Our services are offered with total confidentiality and integrity, with the sole purpose of maximizing benefits to our clients, such as acquiring market awareness and improving confidence levels.

Product Support

Goodwill Wealth Management offers product support for entrepreneurs who can set up their own office space. We provide access to MCX, NSE, and BSE, as well as marketing and sales support. One relationship manager will be assigned to you for regular research advice and market updates through chat-phone-emails. We also provide marketing and business development support on a regular basis. A start-up kit comprising of glow sign skin, visiting cards, marketing brochures, etc. will be provided to help kick-start the business.

Service Support

We provide service support with one customer service executive assigned to you for routine queries through chat-phone-emails. We also provide centralized web-based back office access.

Eligibility

To be eligible for Goodwill Wealth Management, a person must have a good track record and reputation in financial services or other business/social circles with a good client base. They must have a minimum of 2-3 years of experience in selling financial products as a main broker/sub broker/remisier/mutual fund distributor/insurance advisor/financial planner or an employee of an existing broker/sub-broker.

Requirements

To become an authorized person with Goodwill Wealth Management, a person must meet the following requirements:

• Minimum infrastructure: Carpet area of 300 sq.ft., accessible location, two computers with the latest configuration, dedicated leased line/broadband/VSAT, and one dealer and one admin staff/marketing.
• Financials: Terminal license fee of Rs. 250/m, security deposit of Rs. 25,000 (refundable without interest), authorized person fees of Rs. 5,000 (50% will be reimbursed after target achieved), deposit for VSAT (optional) of Rs. 100,000/-(refundable only after three years), and sufficient financial backup to meet out the working capital.

Revenue Sharing

Goodwill Wealth Management offers revenue sharing based on the following terms:

• Brokerage fixed on a case-to-case basis.
• 50%-50% brokerage sharing at the initial stage.
• Company share in brokerage of 60%-40% for monthly turnover of 150 Cr and above.
• Company share in brokerage of 65%-35% for monthly turnover of 250 Cr and above.
• Company share in brokerage of 70%-30% for monthly turnover of 300 Cr and above.
• Above 350 Cr - Decision will be taken from the board.

All terms and conditions will be based on the laws and bye-laws of the exchange-MCX. Please contact us for the model copy of the Authorized Person Agreement. Read Less