How To Kick-start A Career As An Authorised Person

By Author: Vinay Pale
Total Articles: 11
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The rapidly growing interest in the stock market has created tremendous career opportunities for authorised persons. They are market enablers who help investor clients find the right investment opportunities to earn profit. Stockbrokers engage authorised agents under their banner to offer clients investment and financial advisory services. These agents are critical players in the system and work in a franchise model that enables them to function as entrepreneurs. So, if you have an entrepreneurial mindset and are ready to commit to a long term career, an authorised person agency is an attractive proposition. Here we will see how to become an authorised person, roles and responsibilities, and the benefits of an authorised person’s career.

What is an authorised person?

Equity has become a popular choice of investment for Indian investors. Stock market investment has offered the highest returns in the past few years. However, individuals and investors can’t invest in equities directly. They need to do it through stockbrokers who are members of the stock exchange. However, compared to the growing number ...
... of investors, the number of stockbrokers is less. Hence, most investment services are offered by the authorised persons registered with SEBI.

Authorised agents are investment experts who assist investors by carrying out investment transactions (buying and selling of investment securities), providing after-sales services, and helping with investment advice.

Let’s look at the primary roles of authorised persons.

Business development: The primary role of an authorised person is to assist the stockbroker to optimise its business in the area by acquiring new clients.

Document verification: Authorised persons help stockbrokers maintain the transparency of each transaction and verify documents submitted by the client.

Maintain deal quality: An authorised person ensures the quality of the deal carried out by investors and keeps them happy to continue investing. The authorised person will ensure that the stockbroker is presented in good light and offer their services.

Sales assistance: The authorised person will issue a sales note to the investor for each transaction. It allows stockbrokers to maintain and crosscheck details of transactions to omit mistakes.

Authorised persons assist investors in opening and managing their investment accounts. They carry out the buy and sell instructions on behalf of their clients and act as the point of contact in assisting and resolving their issues.

Benefits of being an authorised person

● One of the primary benefits of being an authorised person is that you can be an entrepreneur and create a successful business.
● They also earn higher remuneration. Angel one pays a 50-70% commission on all transactions, which can fetch between Rs 250-350 based on the token size.
● Another immediate benefit is the knowledge. Working under a stockbroker ensures that you get critical information about the market, which you can use to help your clients or to trade for yourself.
● Fourthly, you can expand your business and provide customers with services beyond stock investment, like mutual funds, loans, and insurance.
● Finally, An authorised person’s business requires a low initial investment, between Rs 50k and Rs 3 lakh. And, if you work with a reputed stock broker, there is very little chance to fail. The broker will help you establish the business by extending marketing and training support.

How to become an authorised person

● You must be a graduate or 10+2 to apply for the position of an authorised person. Besides, market knowledge is critical. Although previous work experience in the domain isn’t mandatory, it’s a plus.
● Get certification from the National Institution of Securities Market (NISM) in securities, derivatives and mutual funds.
● Register online with the Securities and Exchange Board of India (SEBI).
● You will need an initial business book to start with.
● Find a reputed broker to join.

Advantages of Angel One Authorised Person Franchise

● PAN Indian presence: Angel One has worked in the financial domain for more than two decades. We have a PAN Indian presence with a network of 16k plus authorised persons and more than six million happy customers.
● Reliability: Angel One is a full-service equity broking firm and one of the most respected ones among investors.
● Industry experience: We are a market leader in terms of knowledge and experience. Being an authorised person with Angel One immediately gives you an added mileage in the competitive industry.

Conclusion
We hope we have answered your question regarding ‘what is authorised person?’. You can find more articles on the subject on our website.

In the Indian share market, authorised agents are critical to offering investment services and spreading awareness among investors. Start your career as an agent with Angel One and explore a vast world of possibilities.