Your query can be called a self addressing question for reason that the business model (primary business) of any brokerage firm is “Being a Broker”.
So there is no fixed model per se for a stock broking business but it has to start at a broking business and then keep adding other profitable revenue streams as they keep growing bigger and bigger.
Master of Business Administration Financial Management Group Assignment Students for Students Online Brokerage (SFS AG Brokers) Executive Summary The following material is a business plan for a start-up of an online brokerage business. The name of the company, the co-owners, the contact information data are invented by the authors.
Today, IIFL’s non-banking finance arm, IIFL Finance, offers loans against property, gold loans and loans against shares.
Centrum Capital is another capital market firm that is looking to further diversify its structure through the NBFC route.