A Midwest Broker-Dealer with 300 brokers needed to accommodate heightened compliance requirements amidst rapid growth. It needed a compliance system that could not only manage the books and records for over 100 OSJ branches as business grew, but also offer the flexibility to support a complex commission structure.
To do this, the company needed to replace its under performing compliance system and clean up its Excel®-based commissions processing. They chose EAI Information Systems to help them.
After an evaluation of the firm’s system and a complete review of the compliance and commission structure and reporting requirements, EAI implemented the EAI Data Management Vault with Compliance and Commissions modules. The system accomplished the following:
With EAI’s help, the Broker-Dealer created a consistent and accurate solution for the oversight of over 100 OSJ branches.
Since completing the installation, EAI has delivered consistent technical support to ensure the consistency the firm needs to maintain timely, accurate compliance reporting and commission payouts.