Are you interested in goodwill wealth management franchise business? and are you interested in sub broker franchise. Then you are in the Right place. In this blog you will understand the goodwill wealth management franchise investment detail, profit ratio, advantages & disadvantages of goodwill wealth management franchise brand.
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Goodwill Wealth Management Private Limited is a Non-government company, incorporated on 21 November, 2012. It’s a private unlisted company and is classified as a company limited by shares. Goodwill Wealth Management is a leading financial services firm in India, with over a decade of experience empowering(permit) investors to achieve their financial goals. Where your financial aspirations meet expert guidance and personalized service. In 1902, the Reverend Edgar J.Helms of Morgan Methodist Chapel in Boston started Goodwill as part of his ministry. Whether you’re a seasoned entrepreneur or exploring new opportunities, this article will show you everything you need to know about Goodwill Wealth management to become a part of our growing network.
Goodwill Wealth Management Franchise Brand Profile
| Brand Name: Goodwill Wealth Management |
| Founder Name: John Doe |
| Founder Year: 2005 |
| Total Outlets: 50+ Outlets |
| Last Year Revenue: $10 million, 2023 |
| Headquarters: New York City, USA |
About The Goodwill Wealth Management Brand
Goodwill Wealth management offers a franchise opportunity in India, Specifically a sub-broker program. This means you’d be partnering with them to sell their investment products and services, earning commission on the transaction. They hold membership in MCX (Multi Commodity Exchange), BSE (Bombay Stock Exchange), NSE (National Stock Exchange), MSEI (Metropolitan Stock Exchange of India). Goodwill operates with the core value of Confidentiality, Integrity, and maximizing client benefits by enhancing market awareness and boosting investor confidence. But carefully consider the investment required, Ongoing costs, and the need for financial expertise before deciding.
Goodwill Wealth Management Franchise Investment Details Breakdown
| Franchise Fee | Initial Investment | Royalty Fee | Marketing Fee | Additional Costs |
| $30,000 – $50,000 This Fee covers the cost of the initial franchise license, training, and support during the setup phase | $100,000 – $200,000 (including franchise fee, setup costs, etc.) | 5%- 6%of monthly gross revenue,This fee supports continued use of the Goodwill Wealth Management brand, ongoing training and support. | 2% of monthly gross revenue, Contributed to a collective marketing fund used to promote the brand at a national and local level. | $5,000 (typically after 10 years) beyond the initial and ongoing marketing fees franchises may opt to invest more into local advertising efforts. |
Profit Potential for Goodwill Wealth Management Franchise
The company’s authorized capital is $320,000, with 100% paid-up capital, amounting to $320,000. Goodwill Wealth Management Private Limited held its last annual general meeting (AGM) on September 29, 2017. According to the Ministry of Corporate Affairs (MCA), the company last updated its financials on March 31, 2017. In most industries, a 30% net profit margin is considered very high. Companies with a profit margin of 20% generally exhibit strong financial health. However, if this metric drops to around 5% or lower, most businesses will need to implement changes to remain sustainable.
Requirements to Open Goodwill Wealth Management Franchise
To quality for a Goodwill Wealth Management Franchise, candidates typically needs:
Financial Requirements:
Security Deposit: This is a refundable deposit that ranges from Rs.25,000 to Rs.1,00,000 (Rs.1 lakh). A higher deposit unlocks a potentially higher revenue sharing percentage on transactions you generate.
Operational Costs: You’ll need to cover ongoing expenses like rent for a minimum 200-300 sq ft. office space, employee salaries (at least 2 telemarketers or employees are recommended), utilities, Internet, and other business costs.
Sales & Marketing Expertise: The drive to actively market your franchise and generate leads.
Also read this: Zudio Franchise Cost, Fees and Profit in India 2024
Documents Required for Goodwill Wealth Management
Proof of Identity: Aadhar Card, PAN Card, Voter ID Card, Driving License, or Passport.
Proof of Address: Aadhar Card, Voter ID, Driving License, Passport, or Bank Statement
Business Documents: Personal Financial statements, Bank Statement (last 6-12 month), Proof of assets (stocks, bonds, real estate holdings)
Legal Documents: ID, Proof of residency, etc..
GST Registration Certificate: Goods and Service Tax Registration, if applicable.
Is the Goodwill Wealth Management Franchise Worth the Investment?
Advantages
Established Brand Reputation: Goodwill Wealth Management is a recognized and trusted name in the financial services industry, which helps attract clients and build credibility from day one. A well-established brand loyalty often comes with a loyal client base, providing a head start in client acquisition. Benefit from Goodwill’s existing brand recognition and credibility in the market.
Comprehensive Training and Support: Goodwill Wealth provides training and ongoing support to their franchise partners. This can be helpful, especially if you’re new to the financial services industry. Extensive initial training programs ensure franchisees are well-prepared to manage their business effectively. Continuous support through webinars, workshops, and annual conferences keeps franchisees updated on industry trends and best practices.
Multiple Revenue Streams: Earn from brokerage fees, revenue sharing, and potentially additional services offered.
Flexibility and Independence: Be your own boss and enjoy the freedom to manage your franchise with some autonomy.
Disadvantages
Limited Control Over Products: As a sub-broker, you’ll be selling products offered by Goodwill Wealth, which limits your ability to offer clients a wider range of investment options.
High Initial Investment: The initial franchise fee and total investment required can be high, potentially limiting access to those with significant financial resources. This might be a barrier for many potential franchisees.
Compliance Requirements: You’ll need to adhere to strict regulatory guidelines set by financial authorities.
Market Fluctuations: The financial market’s volatility can impact your client base and revenue.
Conclusion
Goodwill Wealth Management franchise offers a sub-broker franchise program that allows you to partner with an established brokerage firm and potentially earn high profits by selling their investment products. The established brand name, comprehensive support system, and proven business model provide a solid foundation for success. Overall, a Goodwill Wealth Management Franchise can be an attractive option if you possess the necessary skills and are willing to put in the hard work.
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FAQ:
We provide initial training, ongoing support, marketing assistance, and access to proprietary software.
While finance experience is preferred, we provide comprehensive training to all franchisees to ensure success.
Typically, it takes 3-6 months from initial inquiry to opening day, depending on location and local regulations.
With our expanding client base and market demand for financial services, there are ample opportunities for growth and profitability.
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