Are your back-office operations functioning as efficiently as they should be? Maybe you’re unsure. Or perhaps, you’ve got a good idea that they’re in need of improvement, but you’re not sure where to begin, so you put off addressing it. Or, worse yet, you convinced yourself that it’s not that bad. According to market research […]
How much time does your advisor team waste on shadow accounting? In the world of incentive compensation, shadow accounting is the process in which a salesperson tracks their production separately, creating and maintaining a parallel record so that they can double-check their incentive compensation payout. Shadow Accounting Drains Time and Resources Shadow accounting impacts […]
Improving the Monthly Closing Process The month-end close process for broker-dealers is anything but simple. Intricate commissions and incentive compensation plans, plus regulatory oversight add to the already complicated, tedious process. Poorly executed procedures can be detrimental to a firm. Making sure advisors are paid accurately and on time plays a crucial role in retaining […]
SUMMARY In this Customer Success Story, learn how Terrapin overcame numerous implementation challenges when replacing a legacy technology platform for a Fortune 500 brokerage firm. THE CLIENT This Terrapin Technologies client is a leading nationwide brokerage firm. As a full-service bank broker-dealer they provide self-directed digital accounts and advised accounts. The firm’s legacy technology platform lacked […]