Are you interested in making a career in the stock market but don’t want to take a long list of exams or certifications? Or perhaps you’re not interested in getting involved in the intricacies of obtaining a stockbroker registration? There’s an easy way out for you. You can become an authorized person with SMC Global Securities, which is like becoming a registered agent of a broker and selling their products to earn commissions.

Steps to Become an Authorized Person with SMC

• Visit the SMC Global Securities website and enter your name, email address, mobile number, and city.
• You will get a quick call from the SMC helpdesk, and the checklist of pre-requisite documents will be shared with you.
• After this, you need to submit the required documents along with the registration amount cheque.
• Once the document is verified and payment is successfully received, the partner code will be generated and will be shared with you.
• After this, you can start with your practice as the authorized person of SMC.

Eligibility to Become an Authorized Person with SMC

Here are some of the checkboxes you need to tick to become an authorized person with SMC Global Securities:

1. Age and Education Qualification:

   The minimum age to apply for the authorized person profile with SMC is 18 years. For an education qualification, you have to be 10 + 2 passed or have a Higher Secondary Certificate (HSC). Apart from this, you can also have a minimum of two years of experience as an employee or dealer in the capital market.

2. List of Documents:

   There are certain documents you need to submit for consideration as an SMC Authorized Person. The list includes Aadhaar Card, Pan Card, education certificates, residential and office address proofs, four photographs, and a CA reference letter. All of these documents must be attested by a CA or Notary.

3. Infrastructure Support:

   There are certain infrastructure requirements that need to be fulfilled to provide smooth services for SMC customers. There should be at least 250 to 500 sq. ft of office space (prime location is preferred). There should be a telephone line with a voice logger, a workstation with VSAT or broadband connection, and a strong network connection to set up a back-office trading terminal.

Key Benefits of Becoming an SMC Authorized Person

SMC Global Securities has partnered with more than 2,500 authorized persons or franchises who have catered to over 2 million customers by offering different investment products and services. Here are some of the key benefits you can expect by becoming an SMC Authorized Person:

• Wide Range of Product Offerings:

  As an SMC Authorized Person, you get access to a wide range of financial products such as equity, derivatives, mutual funds, commodities, currencies, insurance, retail loans, and portfolio management services.

• Cutting-Edge Apps and Tools:

  You will get access to SMC Global Securities’ new-age investing apps, such as SMC ACE App for mobile trading, and SMC e-KYC for opening a Demat account in just 15 minutes.

• Continuous Training Sessions:

  You will receive regular training and skill development sessions from SMC, thereby helping you to stay updated with the latest market trends, regulations, and new product offerings.

• Marketing Support:

  SMC supports its partners with marketing materials, branding, and promotional strategies, which will help them attract and retain clients effectively.

• Investor Seminars:

  You can attract customers through the SMC investor awareness seminars conducted by market experts. This will help you build credibility and expand your client base through financial education.

• Expert Research Support:

  You will get access to in-depth research reports, technical and fundamental analysis, and timely investment insights from SMC’s research team to better support your clients in making robust investment decisions.

• Commission-based Earnings:

  You can earn attractive commissions ranging from 40% to 80% of the total business generated. The commission rate can increase if there are higher sales and better product mix offerings to the customers.

About the Author

I am Sheetal Goel, working as a content writer at SMC Global Securities. I hold 5+ years of experience in financial research and writing.