Raymond James Commission Processing Created By Jay Lanstein

Raymond James Commission Processing

Created By Jay Lanstein

Thomas HobsonNicholas Wong

Background Information

Founded in 1962 2200 locations On the New York Stock Exchange

(RJF) Financial services

What is it?

Online Commission Tasks Everything done online

Financial assistant Representatives Commissions Handling Payouts Trade Modifying Trade History Repots

Adding Reps Only IT department can add Reps

Rep number Rep title

Reps need an I&E account Boss = system

Net Overrides

Override Gross System Commission

Branch manager is paid %paid I&E account Rep’s Name

Net allocation

Multiple Reps Up to 4 allocations Must be total to 100% Similar to Net Overrides inputs

Rep Modifying pt1

Deleting Reps manually Drop down menu

Rep Modifying pt2

Modify Payout/Ticket Charge Information for rep Edit payout Edit Ticket

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.

Bulk Charges

Similar to Ticket Charging Convenience Set for all the same ticket

Monthly Process

The RJ head sends a spreadsheet Browse and Upload Excel Spreadsheet

Making Changes Trade and expense changes

-update files and upload again

Commissions

Error protection on – first time Error protection off – re-uploading/

applying changes

Viewing Trades

Viewing commissions of: Single rep Multiple reps

Generate reports Sorting Filtering

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

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

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

Sponsorship

Raymond James Stadium “Kicking for Kids”

THANKS FOR BEARING WITH US