Commission Reconciliation

Commission represents the income stream of adviser firms. For cash flow reasons, it is vitally important to ensure that:

• Correct amounts of commission are being paid when they are due,
• Reasons for non payment of commission are known.

Electronic solutions are available to help adviser firms monitor commission.

A number of providers offer electronic commission statements. When these statements are allied to commission reconciliation services, they can highlight discrepancies for investigation.

In addition, online application and proposal tracking services offer advisers the opportunity to review and immediately respond to any items preventing completion.  A faster turnaround ensures a speedier payment of commission.