{"id":25729,"date":"2026-02-22T08:27:17","date_gmt":"2026-02-22T08:27:17","guid":{"rendered":"https:\/\/wp-api.pocketful.in\/blog\/?post_type=personal-finance&#038;p=25729"},"modified":"2026-02-20T08:32:35","modified_gmt":"2026-02-20T08:32:35","slug":"authorised-person-vs-franchise","status":"publish","type":"personal-finance","link":"https:\/\/wp-api.pocketful.in\/blog\/personal-finance\/authorised-person-vs-franchise\/","title":{"rendered":"Authorised Person Vs Franchise: What&#8217;s the Difference?"},"content":{"rendered":"\n<p>The stock market is a place where you can learn and earn both at the same time. There are various methods of earning; some earn through investing, whereas some earn through offering stockbroking services to their clients.&nbsp;<\/p>\n\n\n\n<p>In today\u2019s blog post, we will give you an overview of authorised persons and franchisees, along with their key differences.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/wp-api.pocketful.in\/blog\/personal-finance\/authorised-person-vs-franchise\/#What_is_an_Authorised_Person\" title=\"What is an Authorised Person?\">What is an Authorised Person?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/wp-api.pocketful.in\/blog\/personal-finance\/authorised-person-vs-franchise\/#Key_Features_of_an_Authorised_Person\" title=\"Key Features of an Authorised Person\">Key Features of an Authorised Person<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/wp-api.pocketful.in\/blog\/personal-finance\/authorised-person-vs-franchise\/#What_is_a_Franchise_in_Stock_Broking\" title=\"What is a Franchise in Stock Broking?\">What is a Franchise in Stock Broking?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/wp-api.pocketful.in\/blog\/personal-finance\/authorised-person-vs-franchise\/#Key_Features_of_Franchise\" title=\"Key Features of Franchise\">Key Features of Franchise<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/wp-api.pocketful.in\/blog\/personal-finance\/authorised-person-vs-franchise\/#Difference_Between_an_Authorised_Person_and_a_Franchise\" title=\"Difference Between an Authorised Person and a Franchise\">Difference Between an Authorised Person and a Franchise<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/wp-api.pocketful.in\/blog\/personal-finance\/authorised-person-vs-franchise\/#Authorised_Person_or_Franchise_Which_One_is_Better\" title=\"Authorised Person or Franchise: Which One is Better?\">Authorised Person or Franchise: Which One is Better?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/wp-api.pocketful.in\/blog\/personal-finance\/authorised-person-vs-franchise\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/wp-api.pocketful.in\/blog\/personal-finance\/authorised-person-vs-franchise\/#Frequently_Asked_Questions_FAQs\" title=\"Frequently Asked Questions (FAQs)\">Frequently Asked Questions (FAQs)<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"h-what-is-an-authorised-person\"><span class=\"ez-toc-section\" id=\"What_is_an_Authorised_Person\"><\/span>What is an Authorised Person?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>An <a href=\"https:\/\/www.pocketful.in\/authorised-person\">authorised person<\/a> can be an individual or a registered entity that is registered with a stockbroker. They act as a mediator between the broker and a client. They work under the regulatory guidelines issued by the Securities and Exchange Board of India and stock exchanges like NSE and BSE. Their primary objective is to acquire clients and provide them with trading facilities. The broker charges brokerage, and the AP receives a revenue share of the brokerage.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-key-features-of-an-authorised-person\"><span class=\"ez-toc-section\" id=\"Key_Features_of_an_Authorised_Person\"><\/span>Key Features of an Authorised Person<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The key features of an authorised person are as follows:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Limited Capital:<\/strong> Working as an authorised person requires less capital than other options for becoming a broker.<\/li>\n\n\n\n<li><strong>No Membership<\/strong>: Authorised persons are not direct members of the stock exchange, such as NSE and BSE.<\/li>\n\n\n\n<li><strong>Responsibility:<\/strong> Authorised persons need to follow exchange and SEBI code of conduct, maintain records, KYC and operational norms<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-a-franchise-in-stock-broking\"><span class=\"ez-toc-section\" id=\"What_is_a_Franchise_in_Stock_Broking\"><\/span>What is a Franchise in Stock Broking?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A franchisee is a business model in which a registered stockbroker allows an individual or an entity to operate a broking business under its brand name and offer trading services to clients. Basically, they partnered with a brokerage firm, used its brand, trading platform, investment calls, and back office, and built their own client base. They get the brokerage share as revenue.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-key-features-of-franchise\"><span class=\"ez-toc-section\" id=\"Key_Features_of_Franchise\"><\/span>Key Features of Franchise<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The key features of a franchise are as follows:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Operates as a Brand:<\/strong> the Franchisee operates as an SEBI-registered <a href=\"https:\/\/www.pocketful.in\/broker\">stockbroker<\/a>. It operates under the stockbroker brand name and provides instant credibility.<\/li>\n\n\n\n<li><strong>Revenue Sharing: <\/strong>They have a higher revenue sharing model potential than the authorised person if they onboard large and active clients.<\/li>\n\n\n\n<li><strong>Technology Upgradation<\/strong>: A franchise holder gets access to high-quality and efficient trading platforms and research tools for stock selection.\u00a0<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-difference-between-an-authorised-person-and-a-franchise\"><span class=\"ez-toc-section\" id=\"Difference_Between_an_Authorised_Person_and_a_Franchise\"><\/span>Difference Between an Authorised Person and a Franchise<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The key difference between an authorised person and a franchise is as follows:<\/p>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Particular<\/th><th>Authorised Person<\/th><th>Franchise<\/th><\/tr><\/thead><tbody><tr><td><strong>Meaning<\/strong><\/td><td>They are appointed by a broker to acquire clients and give services.<\/td><td>They act as a partner of a stockbroker and operate as a broker\u2019s brand.<\/td><\/tr><tr><td><strong>Register<\/strong><\/td><td>Authorised persons are registered with the stock exchange.<\/td><td>They operate under the broker with more responsibility.<\/td><\/tr><tr><td><strong>Capital<\/strong><\/td><td>Low capital is required to work as an authorised person.<\/td><td>Operating as a franchise requires a higher investment, which includes office, staff, etc.<\/td><\/tr><tr><td><strong>Backoffice Operations<\/strong><\/td><td>Authorised persons have limited control over the back-office operations. They are primarily handled by the broker.<\/td><td>They get more management control and operational independence.<\/td><\/tr><tr><td><strong>Risk<\/strong><\/td><td>It carries lower financial and operational risk.<\/td><td>Franchise holders have a higher financial risk and operational risk.<\/td><\/tr><tr><td><strong>Staff Requirement<\/strong><\/td><td>Limited or no staff is required.<\/td><td>They sometimes need to hire a staff member to operate smoothly.<\/td><\/tr><tr><td><strong>Compliance<\/strong><\/td><td>Compliances are required to be maintained by an authorised person but less than brokers.<\/td><td>Higher compliance is needed to be managed as a franchisee.<\/td><\/tr><tr><td><strong>Suitability<\/strong><\/td><td>They are suitable for individual or small entities.<\/td><td>Franchises are suitable for experienced business owners or individuals.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-authorised-person-or-franchise-which-one-is-better\"><span class=\"ez-toc-section\" id=\"Authorised_Person_or_Franchise_Which_One_is_Better\"><\/span>Authorised Person or Franchise: Which One is Better?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The choice between an authorised person and a franchise depends on the investment capacity, goal, experience, etc. Which one suited you best is mentioned below:<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-1-authorised-person\">1. Authorised Person<\/h3>\n\n\n\n<p>If you have limited capital and are looking to enter the business of stock broking, then you can opt for the authorised person model. APs are required to spend a low upfront cost and infrastructure cost. Because of low operational cost, it carries a lower risk. Hence, they are suitable for beginners and individuals entering the world of stock broking.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-2-franchise\">2. Franchise<\/h3>\n\n\n\n<p>If you can invest higher capital and have the bandwidth to spend on infrastructure, staff, etc., then only you can consider opting for the franchise model. As in a franchise, you are required to open a dedicated office for the smooth operation of work related to client acquisition and servicing them. Franchise holders aim for a higher revenue-sharing. They are suitable for experienced individuals and businessmen who want to scale and build a structured brokerage business.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-conclusion\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>On a concluding note, both authorised persons and franchise holders play different roles in the stock broking industry. Both offer a different set of opportunities to individuals and entities to enter into the broking industry and earn revenue. An authorised person can start a business with lower capital and work under the guidance of a stockbroker. Whereas a franchise holder is required to invest higher capital and follow higher compliance. However, it is advisable to assess your financial capability along with your risk-taking ability to start a stock broking business.<\/p>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">S.NO.<\/th><th class=\"has-text-align-left\" data-align=\"left\">Check Out These Interesting Posts You Might Enjoy!<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>1<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/stocks-vs-bonds\/\">Stocks vs Bonds: Difference Between Bonds and Stocks<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>2<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/bulls-vs-bear-market\/\">Bull vs Bear Market: Meaning, Differences and Indicators<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>3<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/trading\/commodity\/stock-market-vs-commodity-market\/\">Stock Market vs Commodity Market<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>4<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/trading\/market-order-vs-limit-order\/\">Market Order Vs Limit Order: What\u2019s the Difference?<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>5<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/mahindra-mahindra-vs-tata-motors\/\">Mahindra &amp; Mahindra vs Tata Motors: Which is Better?<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>6<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/penny-stocks-vs-blue-chip-stocks\/\">Penny Stocks vs. Blue-chip Stocks \u2013 What\u2019s the Difference?<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>7<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/trading\/difference-between-trading-and-profit-loss-account\/\">Difference Between Trading and Profit &amp; Loss Account<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>8<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/trading\/margin-trading-vs-short-selling\/\">Margin Trading vs Short Selling \u2013 Key Differences<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>9<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/passive-funds-vs-active-funds\/\">Active or Passive Mutual Funds: Which Is Better?<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>10<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/gold-etf-vs-silver-etf\/\">Difference Between Gold ETF and Silver ETF<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-frequently-asked-questions-faqs\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span>Frequently Asked Questions (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"saswp-faq-block-section\"><ol style=\"list-style-type:none\"><li style=\"list-style-type: none\"><h3 class=\"\">Who is an authorised person in stock broking?<\/h3><p class=\"saswp-faq-answer-text\">An authorised person can be an individual or an entity who is appointed by a stockbroker to acquire clients and offer them trading facilities and shares brokerage generated by the client.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">What is a franchise in broking?<\/h3><p class=\"saswp-faq-answer-text\">It is a stock brokerage business model in which an individual or a firm operates a stock brokerage business under its brand name. This model comes with a higher risk along with higher operational control.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">What are the key differences between an authorised person and a franchise broking business model?<\/h3><p class=\"saswp-faq-answer-text\">The key difference between an authorised person and a franchise is the investment amount, business scalability, operational control, etc.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">Which business model offers higher revenue potential?<\/h3><p class=\"saswp-faq-answer-text\">The franchise business model offers higher revenue potential than an authorised person, because of a larger revenue-sharing agreement.\u00a0<\/p><li style=\"list-style-type: none\"><h3 class=\"\">Can an authorised person become a franchise at a later stage?<\/h3><p class=\"saswp-faq-answer-text\">Yes, an authorised person can anytime become a franchisee holder; it depends on the broker\u2019s policy.<\/p><\/ul><\/div>","protected":false},"excerpt":{"rendered":"<p>The stock market is a place where you can learn and earn both at the same time. There are various methods of earning; some earn through investing, whereas some earn through offering stockbroking services to their clients.&nbsp; In today\u2019s blog post, we will give you an overview of authorised persons and franchisees, along with their [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":25774,"parent":0,"menu_order":0,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[18],"tags":[],"class_list":["post-25729","personal-finance","type-personal-finance","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-finance"],"acf":{"freelancer":"Harjyot"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.13 (Yoast SEO v21.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Authorised Person vs Franchise in Stock Broking: Key Differences<\/title>\n<meta name=\"description\" content=\"Difference between Authorised Person and Franchise in stock broking? 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