With PL, you’re not just a broker but also a true financial advisor
High revenue sharing
Award winning research calls
Expert advice from our investment team
Zero office set up costs*
Dedicated relationship manager
Comprehensive suite of financial products & services
Personalized marketing, training & sales support
Solid trading technology
Loan against shares for you and your clients
Mentorship from senior leadership team
Ways to earn with us?
Access PL's solid trading & investing recommendations from industry-leading research analysts and earn a share of the brokerage from each trade your referred client makes.
Harness the expertise of PL's investment professionals to provide personalized recommendations to your clients on mutual funds, bonds, insurance, unlisted shares and PMS and all while earning a commission
Mumbai
“I have been associated as a Progress Partner with PL for 14+ years. With PL’s help, I now have around 2,600 clients. The team has been very supportive. Also, all their research is highly insightful. I can confidently say that this partnership is highly rewarding for me and my clients”
Mumbai
“My partnership with PL is approximately 4 years old. PL has a clean business dealing, with a strong technical and fundamental team that follows strict adherence to the SEBI and exchange guidelines. Most importantly, what sets them apart is an ever-accessible senior management. This is what makes partnering with PL an amazing experience”
“We have a long-standing relationship with PL. Our association goes back 17 years. In all this time, PL has always treated us like family and they have been extremely cooperative in every aspect. We look forward to many more years of doing business with PL!.”
“There are many wonderful things about working for PL. Their good work culture, good management and cooperative team are just some the attributes that we really appreciate. It is very hard to come across a company that fulfils these criteria. PL also has an innovative work environment, and we are very glad to work with PL.”
FAQs on Authorized Person
Sub Broker and Authorised Partner are two different categories of intermediaries which co-existed until the former was discontinued. Difference between Stock Broker and AP is that the Stock Broker is a SEBI registered intermediary having membership rights with Stock Exchange whereas, an AP is merely an agent of the Stock Broker who is responsible for introducing clients to the Stock Broker and servicing these clients. The Stock Broker is ultimately responsible for all acts and omissions of the AP.
A Franchisee Partner typically earns a share of brokerage on each trade transacted by their clients and also earns commissions on other products and services provided to their clients. A Partner can also earn referral incentives, for getting more like-minded entrepreneurs to PL as Authorized Persons.
At PL, offers one of the best revenue sharing models in the industry and comprehensive range of products and services, Our wide basket of financial solutions range from equity, derivatives, currency, commodities, mutual funds, insurance, unlisted shares to PMS and AIFs. This allows our partners to serve their clients’ diverse needs and maximise their own earnings.
The earnings can range from anywhere from a few lakhs to even crores in a month.
An Authorized Person, formerly known as a Sub Broker, is someone registered with the SEBI as an authorized person and is affiliated with a recognized stock exchange’s member stockbroker.
They serve as intermediaries between investors and stockbrokers, facilitating the investment process by providing access to the stock exchange trading platform on behalf of the stockbroker.
The authorized person could be an individual, partnership firm, LLP, One person company ( OPC ) or body corporate.
An individual who is an Indian citizen, atleast 18 years old and has completed at least a 10th standard or equivalent examination recognized by the Govt can become an Authorized Person.
At PL, we encourage diverse individuals to join us as franchisee partners. Whether you’re an aspiring entrepreneur, a seasoned trader, an independent wealth advisor, a financial industry professional like a CA, or even a mutual fund or insurance agent, there’s a place for you. Even if you’re currently employed in the broking industry and dream of starting your own venture, you can make it happen as an Authorized Person with PL!
All you require is a passion for financial services and the ambition to achieve substantial success!
Refer a friend
How to Become an Authorised Partner
Read