raymond james commission processing created by jay lanstein thomas hobson nicholas wong
Post on 20-Dec-2015
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Raymond James Commission Processing
Created By Jay Lanstein
Thomas HobsonNicholas Wong
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Background Information
Founded in 1962 2200 locations On the New York Stock Exchange
(RJF) Financial services
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What is it?
Online Commission Tasks Everything done online
Financial assistant Representatives Commissions Handling Payouts Trade Modifying Trade History Repots
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Adding Reps Only IT department can add Reps
Rep number Rep title
Reps need an I&E account Boss = system
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Net Overrides
Override Gross System Commission
Branch manager is paid %paid I&E account Rep’s Name
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Net allocation
Multiple Reps Up to 4 allocations Must be total to 100% Similar to Net Overrides inputs
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Rep Modifying pt1
Deleting Reps manually Drop down menu
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Rep Modifying pt2
Modify Payout/Ticket Charge Information for rep Edit payout Edit Ticket
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Edit Ticket
Rules 1 or 2 sets the charge
Charge 1 applies to Tier 1 “ “
Charge type Mini/Max or %
Yes button, allows forced overrides.
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Bulk Charges
Similar to Ticket Charging Convenience Set for all the same ticket
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Monthly Process
The RJ head sends a spreadsheet Browse and Upload Excel Spreadsheet
Making Changes Trade and expense changes
-update files and upload again
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Commissions
Error protection on – first time Error protection off – re-uploading/
applying changes
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Viewing Trades
Viewing commissions of: Single rep Multiple reps
Generate reports Sorting Filtering
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Generating Rep Summaries and Entry Blotters
Choose months for the production date Comes in two formats
Excel sheet for rep summary Web page for blotter
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Rep. Restrictions
Sometimes the rep is not allowed to view their production
There is an option to allow them to see it Restricted because they are under
investigation
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Security
When the report is not completed, the reps get an e-mail telling them this
There are drop down boxes allowing them to see only their rep number If branch manager, they will be able to see their
clients rep # also Superusers have a box that allows them to
type in the rep #, not a drop down arrow
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Sponsorship
Raymond James Stadium “Kicking for Kids”
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THANKS FOR BEARING WITH US