Raymond James Commission Processing Created By Jay Lanstein

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Raymond James Commission ProcessingCreated By
Jay Lanstein

• Thomas Hobson
• Nicholas Wong

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Background Information

• Founded in 1962
• 2200 locations
• On the New York Stock Exchange (RJF)
• Financial services

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What is it?

• Online Commission Tasks
• Everything done online
• Financial assistant
• Representatives
• Commissions
• Handling Payouts
• Trade Modifying
• Trade History Repots

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Adding Reps

• Only IT department can add Reps
• Rep number
• Rep title
• Reps need an IE account
• Boss system

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Net Overrides

• Override Gross System
• Commission
• Branch manager is paid
• paid
• IE account
• Reps Name

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Net allocation

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

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Rep Modifying pt1

• Deleting Reps manually
• Drop down menu

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Rep Modifying pt2

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

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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.

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Bulk Charges

• Similar to Ticket Charging
• Convenience
• Set for all the same ticket

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Monthly Process

• The RJ head sends a spreadsheet
• Browse and Upload
• Excel Spreadsheet
• Making Changes
• Trade and expense changes
• -update files and upload again

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Commissions

• Error protection on first time
• Error protection off re-uploading/ applying
  changes

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Viewing Trades

• Viewing commissions of
• Single rep
• Multiple reps
• Generate reports
• Sorting
• Filtering

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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

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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

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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

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Sponsorship

• Raymond James Stadium
• Kicking for Kids

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• THANKS FOR BEARING WITH US