Authorised persons don’t need to have higher education qualifications or years of
experience to be an authorised person. However, some basic skills, like dedication
and zeal to win, will come in handy if you want to be successful.
For example, knowledge of market movements and an acquaintance with the functioning
of the stock market are qualities for any broker that would undoubtedly help. There
must be awareness of shares listed on exchanges – what their potential is, the risks
that are involved, and so on. An authorised person must be in a position to advise
a client with confidence.
The person will also need excellent communication skills. He or she must be able
to convince clients about the right way to invest in stocks. Since income will depend
entirely on commissions earned, getting a large number of clients is essential.
And this is not possible without excellent communication skills.