The Hindu Business Line : ‘Small brokers will survive corporate onslaught’

Coimbatore, Nov. 5 Though stock broking business is witnessing increasing corporatisation, small stock brokers would continue to survive and serve the investors. The only change they would need to make is to be professional in their approach to serve different investment needs of the people, according to Mr Anubhav Bhatter, MD and CEO, BMA Wealth Creators Pvt Ltd, Kolkata.

His company, which has opened 450 offices within a short span of two years, would like to focus on the South because of the investment-oriented approach of the people in the region.

Speaking to Business Line after the inauguration of the Coimbatore branch of his company, he said though consolidation was taking place in the stock broking business and corporates were entering broking activity, what mattered was forging relationship with the investors and servicing their needs.

The securities market was expanding and the daily business volume in stock exchanges has increased manifold now.

He said there was lot of scope and place for new comers to come into the business. But they should be professional in their approach and should be ‘very, very investor centric’.

They should offer a one-stop solution to investors by meeting the different financial product needs of the investor community — be it an FD, or MF or insurance or an IPO investment.

Though there are big players such as IL &FS, Motilal Oswal, Religare and Reliance Money, to name just a few, the smaller players are also going to stay.