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Mirae Asset Capital Markets launches Business Partner (Authorised Partner) program with 100% brokerage sharing

Mirae Asset Capital Markets launches Business Partner (Authorised Partner) program with 100% brokerage sharing

13-Apr-2024

Mirae Asset Capital Markets (India) Private Limited, one of the leading financial powerhouse with a global presence across 19 markets, has unveiled its groundbreaking ‘Mirae Asset Partners’ program. This initiative is set to revolutionise the broking landscape by empowering business partners with unlimited earning potential, flexibility, and the support of Mirae Asset’s global expertise.

This industry-first revenue sharing model offers Business Partners the opportunity to earn from 9 distinct revenue streams with up to 100% sharing, enabling them to significantly boost their earnings. The nine revenue streams are brokerage, interest from MTF (eMargin), interest from Margin Pledge, DP AMC, Pledge/unpledge fee, DP sell transaction charges, Account opening fee, DPC and operating charges.

A standout feature of the Mirae Asset Partner Program is the hybrid business model. It is a mix of Discount (Flat fee/order) and Traditional (% volume) model, providing authorised persons the complete flexibility of creating varied pricing plans for their clients.

Another new aspect is that with Mirae Asset Partners, Business Partners will get the power to customise their client’s pricing plans without any dependencies on Mirae Asset. This 100% control allows them to tailor offerings aligning with their clients’ unique needs and preferences. Additionally, Business Partners will be empowered with complete transparency, eliminating hidden terms, commitment clauses, and business slabs.

Furthermore, Business Partners will have access to advanced technology through the proprietary online Partner Dashboard, which provides seamless capabilities like creation of pricing plans, onboarding clients, customising plans, and tracking client’s live positions and reports.

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