1 / 13

Efficiency of Processing

Efficiency of Processing. Challenges, Best Practices, and Action Steps. Welcome. Marc Butler , Managing Director, Pershing, a BNY Mellon Company Matt Chisholm , Vice President, National Financial, a Fidelity Investments Company Stephen Lank , SVP, Broker Dealer Support Services, LPL Financial.

raine
Download Presentation

Efficiency of Processing

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Efficiency of Processing • Challenges, Best Practices, and Action Steps

  2. Welcome • Marc Butler, Managing Director, Pershing, a BNY Mellon Company • Matt Chisholm, Vice President, National Financial, a Fidelity Investments Company • Stephen Lank, SVP, Broker Dealer Support Services, LPL Financial

  3. Objectives • Model Challenges • Costs • Latest Trends • Best Practices • Action Steps to move forward

  4. Model Challenges • Operational Efficiency • Complexity • Sales Surveillance • Operational and Technological Scalability • Audit Readiness • Declining Financial Performance

  5. Costs: Direct vs. Brokerage • Broker-Dealer Cost (Mutual Fund Trade) • Brokerage: $2.58 • Direct: $33.00 • Advisor Cost (Mutual Fund Trade, including Ticket Charge) • Brokerage: $31.53 • Direct: $62.00 • Total Cost (Mutual Fund Trade) • Brokerage: $34.11 • Direct: $95.00 Source: Beacon Strategies – “A Broker-Dealer’s Conundrum: The Clearing or Unified Model”, 2010 and 2011

  6. Latest Trends • New clearing firm models • “Clearing-Centric” vs. “Customer-Centric” • New Broker-Dealer Models • “Full-Service” vs. “Self-Service”

  7. Best Practices • Focus on Top 20 RR’s • Focus on Top Funds • Incentives to move

  8. Action Steps to Move Forward • Business Model Review • Examine Current Capacity • Preparing for future volume and trends

More Related