How to become IIFL AAA Advisor?

India Infoline or IIFL is one of the leading brokerage firms offering retail and institutional services for years. It is the full-service stockbroker registered with SEBI and the depository participant CDSL and NSDL.

It has more than 900 branches across India and has an international presence too. Being a customer of India Infoline, it offers investors to trade in different products listed on NSE (National Stock Exchange) and BSE (Bombay Stock Exchange).

Apart from these, it also allows trading in commodities as the firm is registered with the commodity exchange MCX (Multi Commodity Exchange) and NCDEX.

IIFL launched a new product in May 2019 named – IIFL AAA (Advisor. Anytime. Anywhere.). As the name suggests, a registered IIFL advisor can trade easily with no place or time restrictions in place.

Based on the application in a Zoho tab here is the detailed review of the IIFL AAA Tab.

How to become IIFL AAA Advisor?

Becoming an IIFL partner under the AAA banner, you are provided with a AAA Tab to facilitate your activities as an advisor. It is a complete library of research, information, and analysis.

IIFL AAA Tab eases the advisor’s work in placing orders for mutual funds, SIPs, equity, health insurance, fixed deposits, NPS, IPOs, etc. Further, the advisor is equipped to monitor the investments and their performance, plan the finances, keep an eye on the market movements, and view the customer portfolio.

IIFL AAA Tab is an application of AI (Artificial Intelligence) technology. It is a useful aid in executing trades, end to end paperless journey, and seamless transactions.

The tab also increases the user’s mobility and accessibility of the stock market’s best information. Let’s discuss its advantages. They are as follows:

The most significant benefit of becoming an IIFL AAA Partner is the absence of infrastructure requirements.

This IIFL product increases the ease at which you, as an associate of IIFL, can carry out the various actions related to the stock market in the IIFL AAA Tablet. The hardware device comes with preloaded information-based software and data card.

If you are interested in becoming a Financial Advisor but confused about which stock broker or plan to begin your investment with, we have the perfect solution for you today.

Imagine being able to start your career as a financial advisor with close to zero investment?

Yes, that is possible!

IIFL or India Infoline, a full service stock broking and is well known in the industry, has a business model for financial advisors who don’t want to invest in setting up infrastructure and employing people.

Basically, for financial advisors that believe in themselves as a ‘One Man Army’.

Now, you must be curious to learn more about this business model, aren’t you? We’ll begin with no delays. Let’s get going!

IIFL AAA is a business model that stands for Advisor. Anywhere. Anytime. It is effortless to operate as you have to work from a tablet provided by IIFL.

Are you also thinking – what is different in this IIFL AAA Tab We too!

The difference in this Tab from all other platforms extended by IIFL is that it combines all the features you’ll ever require to execute your duties as a financial advisor smoothly.

Coming to the process of becoming an IIFL AAA Advisor, it can be done by following the steps we are about to tell you.

• Visit the website of IIFL Securities and look for the Business Partners tab.
• Click on that and tap on the AAA tab.
• You’ll reach a page dedicated to the AAA Model.
• Fill in the details in the box that reads – Become a Partner. You’ll be required to enter your name, mobile number, and city.
• In 1 / 2 business days, you’ll receive a call from the IIFL executive to confirm if you are interested in becoming an IIFL AAA Advisor.
• He’ll fix a meeting between the IIFL team and you to discuss the details like role, investment, revenue, commissions, etc.
• After the meeting, you have to submit the necessary documents to become an IIFL AAA Advisor.
• Your in-person verification is completed.
• The agreement is signed between IIFL and the candidate, i.e., you.
• Now, you will be required to submit the security deposit, other charges (if any).
• Lastly, you will receive the sub broker code. This code is generated to help you do the business.

The list of mandatory documents is as follows:

• Identity Proof
• Address proof
• Academic qualification certificate
• Security deposit cheque

Are you worried about the commission or revenue sharing percentage? Don’t be.

There are two reasons we say so. First, you could associate with the brand of IIFL. Secondly, IIFL is known to offer its sub brokers the maximum percentage of commission.

In this case, the revenue sharing is 30:50, which is 30% to IIFL and 50% to the sub broker. 50% is one of the highest commission slabs in this industry.

The IIFL AAA Tab comes at a minimal investment of ₹25,000 and ₹15,000 for students. This amount is refundable when you terminate the agreement with the firm.

A few screenshots of various exclusive features of the app operational on the IIFL AAA Tab are:

• Recommended Mutual Funds and the Fund Screen Feature for scheme comparison. You can easily share these comparisons.

• Know about the ongoing NFOs and purchase them at one click.

• Get a comparison between various health insurance schemes.

• Regular information about other products available for trading and investing.

• You can access regular updates on FDs from Mahindra, Shriram, etc.

• Check the reports of your clients on the go.

• Easy monitoring of inactive clients and risk alerts.

• Monitor your performance with one click on the IIFL AAA Tablet.

• Learn the various concepts with engaging and detailed videos.

• You can add sub brokers and clients with ease.

• You have the option to change multiple settings about the app to ease your working experience.

• Keeping a watch on the market developments has never been this easy and fun. Create watchlists to stay updated.

• Under the tab of Snapshot, you’ll be able to access multiple watchlists at the same time.

• Keep an eye on the multiple indices under the tab Indices.

• The research reports are done by experts in the field with enhanced strategies and ideas.

• You can analyze the companies in various sectors with the Valuation Matrix.

• IIFL Views helps you get views on more than 500 stocks.

• The app is well equipped with the latest news and reports to keeping the IIFL AAA advisor updated.

Frequently Asked Questions (FAQs)

1. What are some of the top benefits of getting registered under IIFL AAA?

The benefits of the IIFL AAA are listed below:

• First tab based platform for an entrepreneur interested in capital markets.
• Mobile office anytime, anywhere.
• Access your performance like AUM, IR. Also, to track missed SIPs, inactive client list, etc.
• Gives you access to the best in class learning videos to sharpen your fundamental, technical, and soft skills.
• Use the market dashboard and watchlist to stay updated about the markets and the client services.
• Sub brokers and on board clients can access the various reports, researches, and trading features.

2. Is investing in products like Structured Products, PMS, etc., except Mutual Funds, possible through the IIFL AAA Tab?

No, You can view products offered on IIFL platforms only like PMS, Structured Product, IPO, Insurance, etc. However, you can trade in them by contacting your RM or the corresponding product team.

3. Can Aadhar Number be updated from the IIFL AAA Tab?

No, the Aadhar Number of a client can’t be updated with the help of the IIFL AAA Tab.

IIFL AAA Tab Price

IIFL AAA Tab costs ₹25,000, which is refundable when the agreement terminates. For students, the IIFL AAA Tab price is reduced to ₹15,000.

Whichever amount you pay, it is a refundable security deposit as insurance money if the broker fails to pay the margin money.

Since there is no office set up cost, the investment amount is minimized to only this refundable fee. This investment amount is nullified as soon as your agreement ends and you get the refund amount.

Conclusion

The IIFL AAA Tab is an exceptional idea launched by the broker to increase its market reach and offline presence.

The AAA business model is suitable for the college pass out youngsters (Millennials and Centennials) who wish to be an entrepreneur and homemakers, existing Independent Financial Advisors (IFAs), and professionals.

IIFL Tab is much more advanced and equipped. Also, you need to be a AAA Partner to log in.