Planfocus Brokerage Processing Services

June 16, 2020

 

Introducing Planfocus Brokerage Processing Services

Running a financial planning business requires the broadest range of skills and expertise. Keeping your front office staff focused on client outcomes and out of back office jobs is key to ensuring the efficient use of your resources, the quality of client outcomes and the growth and success of your business.

Let the Planfocus team help with your brokerage processing needs, so you and your team can get back to doing what you do best!

Brokerage Processing Services (BPS)

Planfocus, the XPLAN experts, now offer a fully outsourced brokerage and revenue administration service to AFSL holders. Whether you are an existing Commpay user, or thinking about starting, Planfocus have the experts on the team to keep your adviser and referrer payment processing accurate and on track.

Service inclusions

  • Conversion support
  • Historical file imports
  • Setup and configuration of your revenue system
  • Monthly and fortnightly processing of brokerage statements
  • Adviser and bank reconciliation reporting

Why outsource your brokerage processing?

  • Experience and scale. With a total collective experience well in excess of 60 years, we have the skills and knowledge needed to deliver reliability.
  • Take the pressure off internal staff. Let Planfocus do the heavy lifting and give more time back to your team to work with clients.
  • Lower cost of admin. Outsourcing brokerage processing makes sense because you only pay for the service you need.
  • Know where everything is. Our reconciliation process ensures you know where every dollar is in your business.
  • Peace of mind. You know that your team and your partners have been paid – on time, every time

The Planfocus Brokerage Processing Service works with your preferred payment frequencies, deductions, referral relationships, RCTI report needs.

How does it work?

  • We collect, collate and process all your supplier statements
  • We leverage our existing relationships across all providers to make sure your needs are being met
  • We reconcile your bank statement against each provider statement.
  • We support your fee structures and referral arrangements
  • We provide payment reporting to all levels all your business

To learn more about Planfocus Brokerage Processing Services, call us on 1300 361 973 for a confidential discussion, or visit our website at www.planfocus.com.au.

 

About The Author

PlanFocus are the leaders in high-end XPLAN customisation. We provide tailored solutions for licensees and practices with an advice vision that is out of the box. Our consultants work with you to ensure a superior outcome is always within reach with you in control at all times.