Proximity: Solutions for Financial Services

Fund Distribution Commission Management

Designed to answer the needs of fund providers using networks and sales distribution channels, Proximity Fund Distribution Commission Management enables fund managers to manage complex commission calculations and reduce the cost of administration.

The effective management of commissions to financial advisors, brokers and distributors is critical to the successful marketing of investment funds. Tiered distribution models require more complex and differentiated sales and trail commission calculations.

Proximity Fund Distribution Commission Management is a highly flexible solution that enables fund managers to manage complex commission calculations across multiple funds, different sales and trail commissions, distribution tiers, commission waivers and enhanced allocations, with a complete audit trail of calculations.

In addition, an online facility enables distributors and brokers to view their individual commission accounts offering real value and transparency to business relationships – an important aspect but one that is undervalued and often overlooked by financial institutions.

• Proximity Fund Distribution Commission Management provides fund managers and specialist providers of fund administration and transfer agency services with:
• Secure access through user logins, passwords and access privileges
• The ability to integrate with existing back office fund administration and transfer agency functions
• Facilities to incorporate different management fee structures, sales and trail commission schemes
• Incorporation of currency exchange rates within commission calculations
• Record details of unit holders, brokers, unit holdings and amounts invested
• Administer and manage different commission fees across different funds and throughout sales distribution tiers
• Administer incoming sales commissions and commission waivers
• Fund valuations and statements
• Broker commission statements
• A complete audit trail of calculations

Proximity Fund Distribution Commission Management has the facilities, capability and power to drive the marketing of fund distribution whilst reducing administrative overheads.