EarningsQ™
Download Data SheetAccurate tracking and payment of complex compensation and revenue structures
EarningsQ™ is a dynamic compensation system that automates and streamlines the complex demands of today's financial services providers across brokerage, managed fee, hybrid and insurance business lines:
- Unlimited, flexible and dynamic compensation schedules place the full control for managing all aspects of compensation processing in the administrator's hands
- Dually-licensed personnel receive aggregated compensation reports, while each separate business entity or business line receives the data necessary to close their books
- With our unique services we offer you the benefits of NSCC transaction reporting and NSCC automated commission collection without the need for your firm to become an NSCC (Fund/SERV or IPS) member
Features
- Provides an efficient and user-controlled source for compensation management
- Supports multiple business entities
- Flexible and dynamic compensation structures
- Automates direct mutual fund and annuity business
- Effectively capture and pass-through business costs
- Revenue sharing
- Supports firm-defined and multiple pay periods
- Secure Web access via an ASP model
Benefits
- Quick response to changing business needs
- Management oversight and cost control
- Limit compensation errors
- Import, process, and consolidate revenue reporting at the advisor level while segregating revenue and payroll values within the appropriate business entity: b/d, RIA, insurance
- Automate payouts on direct business
- Recruit and retain advisors
- Provides full control with maximum flexibility to modify compensation arrangements to meet advisor needs, and that fit your business requirements
- Benefit from NSCC commission processing and settlement for direct business without the expense of a full NSCC membership
- Increase efficiencies by automatically processing and assessing clearing or execution fees and recurring costs
- Efficiently allocate revenue across producers while mitigating regulatory risk with robust revenue sharing rules driven by product type and business entity, and provide incentive with compensation tied to firm goals
- Competitive advantage to define pay cycles by business line or product type
- Easily integrate and associate to multiple clearing and custodian platforms
- Highly secure data centers protect data and provide online software updates
When to consider EarningsQ
Compensation and revenue sharing, tracking and payment is a time-consuming, manual process
You want the ability to mine your processed commission data
You need strong data integrity and reconciliation procedures
You would like to increase advisor productivity and retention