What is the one thing that your reps ask for most? Their money! Reps want to know, at their fingertips, how much they are getting paid on the next commission cycle. But probably more importantly, they want to know what they are not getting paid on. With Repertoire - your reps have all of that information and more!
Reps and advisers in the field can set up new accounts and submit the associated document images seamlessly to the back-office for review. Any issues are noted and passed back to the rep, otherwise the account is approved and the documents can then be submitted to the vendor.
Proactive compliance resolution
With Repertoire, reps can see any compliance infractions on their transactions and correct them prior to the cycle. This helps to lessen and possibly eliminate calls to the back office.
Expenses & 1099 Status
The next thing they want help with is their expenses. They need a breakdown of their expenses at the end of the year for their IRS Schedule C. Repertoire provides rep reporting which will show them a listing of all the expenses charged through the Broker/Dealer, as well as keep them updated with their current 1099 status throughout the year.
In order to stay compliant, a rep has to be licensed. During renewal season a rep can see all of their state registrations that are about to expire. But not only can they see the states, they can see all the business they have produced that year for each state. This gives them another powerful tool in their arsenal to let them make decisions on which states to renew.
Repertoire allows access to everyone in your firm's hierarchy (assistants, representatives, managers, OSJ's, and back office staff). You never have to worry that security is compromised since you control the security settings.
Representatives can use Repertoire to:
- Access their clients' account and suitability information
- Download their commission statements (including historical)
- View commission transactions pending for the current period
- Store and retrieve client document images
- Examine any compliance issues that may be holding commissions
- Setup and maintain client householding groups
- Display and renew FINRA licenses
Repertoire also includes a data bridge to LaserApp's Broker-Dealer and Vendor forms so that they are automatically filled in with the client information, thus eliminating unnecessary duplicate entry.
Since Repertoire is available 24x7, the field reps can answer their own questions on their own time schedule, thereby freeing the back-office to deliver better service overall!