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According to the NASD, there are more than 5,300 securities firms active in the US. These firms have over 644,000 registered Financial Consultants (FCs), and new tools are needed to allow this sales force to be managed and compensated effectively. Senior managers need a way to evaluate and readjust compensation plans quickly, for both FCs and Product Managers. Managers need tools that can:
- Handle a varied business mix, including stocks, bonds, mutual funds, insurance, etc.
- Accommodate the many different contracts in place for individual account execs and product areas
- Provide automated feeds to payroll and financial systems
- Consider non-traditional measurements such as assets under management, margin interest, third-party fee income, etc.
- Evaluate and adjust compensation plans for maximum effect
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Syprocon has had decades of experience building custom solutions for leading brokerage firms. This experience is behind all our products, which can be assembled to meet the most complex of requirements.
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