Dependable, efficient administration of commissions

AFSL Managers Commissions Management Service provides an efficient, prompt and accurate fee and commission payment service.

AFSL Managers employs online state of the art technology to achieve direct real time access to business information and analysis and to monitor business activity.

Our centralised clearing process delivers a detailed Commission Received Report and a Monthly Statement of Account. This summarises the months earnings (with full GST accounting), and is delivered electronically to the respective branch office.

To ensure you receive entitled payments from each respective insurance, investment manager, or mortgage provider, we create and maintain your agency and advisers codes. Each day, all revenues, including fees and commissions (up-fronts, trails and volume bonus payments) are received and allocated to the appropriate financial adviser and / or advisory business.

Our clearing facilities can accomodate weekly, fortnightly or monthly processing.

Remittance advice can be delivered via the internet and adviser/group business performance can be reported on an interactive basis to support the ASIC FS70/FS71 annual audit requirements.

Key components of our Commission Management system include:

• Receipt and processing of commission fees
• Accurate and timely reconciliation of fund managers and insurance company statements
• Detail reporting of all business lodged
• Accurate and timely reporting of remittance advices
• Flexible reporting : investment and income dollars generated and reported by fund manager, investment product, client, new business, fees and trail commissions
• Electronic depositing of commissions to your bank account
• Payment of commission processed weekly, fortnightly, monthly or quarterly
• Automatic creation of RCTIs and outstanding commission reports issued electronically weekly, fortnightly, monthly or quarterly