System Features

Securities ProStation consists of a number of "Stations" that enable the user to view, update or modify information from all areas of your business.

Compliance Station       Order Station       Adjustment Station       Fee Based Products       Reports       Other Features

Rep Station

The Rep Station contains all relevant registered representative information including, NASD continuing education tracking, NASD exams held, state licensing information for securities, fee based products and insurance, insurance licensing appointments, detailed payrate information by product or gross production levels, YTD commission and fee totals, and numerous other items for each rep associated with the Broker Dealer.

The product Station contains a database of detailed information on over 7000 mutual funds, annuity and insurance products. Included for each product is a description, symbol, CUSIP, load structure, fund objectives, breakpoint schedules and blue sky licensing information. The Product Station contains reports that allow the user to track YTD product sales by product sponsor and specific product.

The Client Station contains information on all client accounts including, account type, registration, short name, suitability information, delivery instructions, dividend and proceeds instructions, investment objectives and account agreement tracking.

Contains client account history, positions and money balances for each customer account held at the clearing firm. Money line and asset allocation information is available by rep and client account. This Station also contains a detailed security cross-reference listing by security description, symbol or CUSIP that enables the user to search for all clients that hold a particular security position.

The Accounting Station contains account receivable information on all product types used in the monthly net capital computation in addition to the required NASD and SEC regulatory blotters.

The Commission Station includes gross and net commission information, ticket charge information, YTD rep production amounts by payout category and commission detail and summaries by product type. This Station also contains all historical commission information searchable by period and the actual commission statement generated for each rep that can be viewed on a daily basis.

The Compliance Station allows the user to conduct comprehensive suitability reviews by trade to ensure that the clients financial position and investment experience are adequate for trades executed in their accounts. The sections within this Station enable you to check markups and markdowns on principal stock and bond trades, review mutual fund and annuity trades by client account and product investment objective for "switching" of funds and general suitability. Also provided are listings of any "naked" option positions and a section that allows the user to track where each reps commissions are being earned by account registration and as a percentage of each client account.

The Order Station includes all trade detail for each transaction contained in the system. Trades can be searched and listed by product type, description, date ranges, rep number or client account number. This Station also contains any order exceptions generated by numerous compliance checks used in the system.

The Adjustment Station allows the user to make numerous types of adjustments to a reps commission statement for items such as licensing fees, check advances, registration fees, E & O insurance, trade adjustments and office supplies to name a few. The user determines what type of adjustment to make and how often to charge them to a rep commission statement. Adjustments can be made on a monthly, BI-monthly, quarterly, annual or periodic basis depending upon the users needs. Adjustment categories can be added or deleted at any time. The user has the option of automatically adjusting the rep 1099 statement each time an adjustment is made.

The system contains information and reports for those firms that use proprietary or third party fee products. The system can be used to track assets by specific fee product type or money manager. Also contained within the system are several portfolio account reports that can be used to review activity in a fee based or managed account including cost basis and profitability reporting.

Securities ProStation contains over 75 standard reports that are contained within each Station. A dynamic report function also exists for many reports that allows the user to rearrange report data and column headers to customize the report to their needs.

This service allows your reps to view their daily commission and client account information via your website or via email attachments sent directly to their email address. This information is currently provided in the form of reports and is consistent with the information contained within the Securities ProStation front-end system. The information currently available includes daily commission data, client account balances, client account positions, and client account history and money line report.

Securities ProStation contains many other features including reports that enable the user to balance to the clearing firm statement, a company directory that lists employee information and a detailed online help section that guides the user through every aspect of the system.

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