How much can an Authorised Person earn?

• Knowledge: When you ask the question: how much does an authorised person earn in India? There is one crucial factor that contributes a lot to it, and that is knowledge. However, he or she must know everything there is to know about stocks so that they are in a position to advise clients on the right shares to buy. Authorised persons also need to know a bit about the economy and track global financial and geopolitical events since these also affect stock prices.
• Costs: How much an authorised person earns also depends on the costs involved. There are two types of expenses–capital costs and working expenses. There are some fixed, one-time costs like the deposit parked with the broker and registration charges. Then there are charges paid on setting up offices, computers, phone lines and so on. Working expenses include rent on the offices, salaries to staff, telephone bills and so on. With Angel One, you can start your business from anywhere with zero office costs.
• Products offered by the broker: Another factor to consider while choosing a broker is the kind of products, he/they offer(s). If the broker offers a wide range of products to suit varying investor needs, the authorised person can attract more clients, and thus boost his earnings. Angel One provides a wide range of products to meet different investment needs, including equity, derivatives, commodities, currency, wealth management, personal finance, and so on.

As we have mentioned earlier, authorised person income comprises of commissions earned on each transaction made on behalf of the client. This will depend on the brokerage, for example, if the brokerage per order is, say, 0.5 percent, on the order of Rs 10,000, the total works out to Rs 500. An authorised person earning will depend on the percentage of this brokerage. Angel One pays a commission of anywhere between 50 percent and 70 percent, so the authorised person’s share could be anywhere from Rs 250 to Rs 350. Hence to earn Rs 50,000 per month, he or she will have to carry out transactions worth Rs 20 lakh.

Angel One pays out appropriate and satisfactory commissions because authorised persons handle end-to-end transactions.

To sum up, authorised person income will depend on several factors like commissions paid, the infrastructure provided by the broker, the products it offers, etc. Ultimately, it’s skill and perseverance that determines earnings.