BROKER DEALER COMMISSION AND COMPLIANCE REPORTING
Through our alliance partners, we offer a group of applications to automate and streamline all aspects of the Broker/Dealer business model. This gives management an unprecedented level of decision-support and reporting ability.
Using information collected and retrieved transparently from clearing firms and other outside vendors, clients have at their disposal the ability to report against a robust data warehouse that is just not available anywhere else.
The results? A comprehensive management information system designed for specifically for the securities industry. Because no two brokerage firms are alike, this service offering is tailored to the exact needs of each individual client firm. When you subscribe to this service, your business flow is thoroughly analyzed, and the application is customized to fit your needs.
Some of the highlighted features of BD Reporting include:
- Compliance Control Segment offering extensive reporting and control of all aspects of sales and trading activity on a exception or detailed basis in the following areas:
- USA Patriot / new Account Controls
- Litigation Tracking Support
- Comprehensive Registration Database
- New Account Analysis
- RR “Blue Sky” Controls
- Commissions vs Equity
- Market Maker Domination Reporting
- Registration Fees Invoicing / Statements
- Account Activity Beyond Thresholds
- Mark Up/Mark Down Analysis
- Customer Complaint Tracking
- Training Database
- Complete Transaction Audit Trails
- The Commissions Processing segment provides complete processing of all pertinent broker compensation data:
- Calculate Net Commissions and Credits Bases on your Payout Parameters
- Determines Sales Assistants Fee, Overrides, Splits, etc.
- Handles Special Deals
- Processes Advances / Loans / Draws
- Inputs Variable Charges
- Retrieves Standard Recurring Charges
- Loads Automated Charges (FedEx, Telephone, etc)
- Applies Allocated Expenses
- Produces Control Reports
- Prepares Broker Statements
- Passes Data to Your Payroll System
- Interfaces with Your Accounting System & Spreadsheets
- Generates Performance Rankings based on Income and Profitability
- Registrations/Human Resources:
- Comprehensive Registration Database
- Registration Fees Invoicing / Statements
- Customer Complaint Tracking
- Training Database