• It is needed for identification purposes
• It indicates that the individual is a certified Financial Advisor
• The asset allocated & the application for the same are identifiable
• It is used to compute the feasibility of the brokerage

• Needs to ensure that his AMFI registration does not expire & is always valid
• Needs to follow all circulars that are issued by AMFI & SEBI
• Cannot claim any brokerage for his/her own investment
• Cannot share brokerage with the client
• Needs to submit the Self Declaration form to the AMC before the end of the financial year

• Suspension of AMFI Certificate.
• In case Self Declaration is not submitted to AMC before the end of the financial year, or within 3 months from the start of next financial year the distributor will face brokerage suspension till submission

• Brokerage is the commission computed for services rendered as a distributor
• Brokerage by the name of “UPFRONT” is paid for a fresh application or for further /new investment for the client by advisor
• Brokerage by the name of TRAILFEE is paid for investments to be retained in a particular fund
• Additionally, the Asset Management Company may incentivize the advisors for achieving Sales Targets

• The distributor can appoint a nominee for the brokerage received by him/her
• The Nomination procedure is the same as the procedure for UNIT HOLDING
• The commissions accrued till the date of death of the distributor are payable to Nominee
• Any further purchases / switches that are made after the date of death do not attract commission

The following documents are required to process the change in Broker Code:

• A letter is required by the client (investor)
• A No Objection Certification from the advisor whose code needs to be changed

The advisor needs to make available the following documents for a change in the Bank Mandate:

• A letter from the Distributor for the change in Bank Mandate
• Copy of a cancelled cheque.
• A filled in & duly signed Updation Form