Insider perspective on Commission Management
23rd February 2024
Investment advisors play a vital role in guiding investors towards suitable investment funds and allocations. For this important function they often are paid a commission, also known as trailer fee or retrocession, by the asset manager. And since this remuneration forms a relevant part of the advisor’s revenue, it is key for the product provider to have commission calculation and related payments efficiently set up.
Allow me to introduce myself. I’m Veljko Dragumilo, the Commission Management Team Lead at Acolin, with nearly five years of dedicated service to the company. Reconciling assets, calculating commissions, and ensuring prompt payment are fundamental to our operations.
My journey at Acolin began in August 2019, initially stepping into the role of Data Analyst. Since then, I’ve traversed a path of growth and learning, embodying Acolin’s dedication to service excellence. Fast forward to January 2022, I assumed the role of Commission Management Team Lead, with the purpose of steering the team towards new heights of efficiency and accuracy.
At the heart of Acolin’s Commission Management Team there is a steadfast commitment to ensuring the accuracy, integrity, and timely processing of reported holdings for Acolin’s diverse client base. Comprised of seasoned professionals with a broad range of experience, the Commission Management Team prides itself on service excellence and an unwavering dedication to client satisfaction.
So what service exactly does the Acolin Commission Management Team provide for Acolin’s clients?
- Holdings Verification: We leave no stone unturned in meticulously monitoring, verifying, and conducting plausibility checks on reported holdings data. Our aim is to deliver accuracy and reliability in every aspect of our service.
- Monthly Reconciliations: With precision as our guiding principle, our team performs monthly reconciliations with third parties, ensuring data accuracy and upholding the integrity of our services.
- Invoicing Efficiency: We understand the importance of streamlined financial processes and offer the efficient generation and dispatch of periodic invoices for Acolin’s Distribution Network Management service, facilitating smooth transactions for our clients.
- Data Management Excellence: At Acolin, data management is more than just a task; it is a commitment to quality assurance and meticulous control. We provide our clients with comprehensive and reliable datasets, setting the standard for excellence in the industry.
- Customer-Centric Approach: Our dedication extends beyond numbers. We work hand-in-hand with Acolin’s CRM team to address customer inquiries promptly and professionally, ensuring a positive experience for all.
In choosing Acolin’s Commission Management Service, Acolin’s clients can unlock a range of benefits including:
- Accuracy: From precise holdings reconciliation to commission calculations, accuracy is at the core of everything we do.
- Efficiency: Timely payments and streamlined financial processes pave the way for operational efficiency.
- Reliability: With meticulous data management, our clients can trust in the reliability of our services.
- Professional Support: Our proactive customer support ensures that every interaction is met with professionalism and care.
Join us at Acolin, where precision meets dedication, and experience the pinnacle of accuracy, efficiency, and customer satisfaction in the fund industry. Together, let’s elevate commission management to new heights of excellence.
