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Commission Management Software

The use of commissions to pay for qualified fund expenses is an often-scrutinized practice. Alaris recognizes that clients do, however, have a need to implement a soft dollar or commission recapture program, as directed by their investors. Through Alaris Commission Management Services, clients are able to efficiently monitor their soft dollar programs and practices.

Alaris has developed proprietary Commission Management Software, CMS, which allows clients to track commissions credited and payments made to qualified vendors. Alaris CMS will keep track of commissions received and bills paid on behalf of clients, thus automating the process of collecting information. This will allow storing, retrieving, reporting and reviewing this information. The CMS application is a web-based application available online to Alaris clients.

Alaris clients will receive daily emails detailing commission credit generated from trading and notices of payments made to vendors on behalf of the client. Clients have secure online access to daily, weekly and monthly trade activity, credit and payment history and account balances.

Click to view sample page

Click to view sample page

Please call or email to receive more information on Alaris Trading Partners soft dollar programs:

San Diego Office

Darren Day
2002 Jimmy Durante Blvd.
Suite #410
Del Mar, CA 92014
858-617-6400
info@alaristrading.com

Jersey City Office

Mark McGoldrick
15 Exchange Place, Suite #720
Jersey City, NJ 07302
201-377-1200
info@alaristrading.com

 

Securities Exchange Act of 1934 - Section 28(e)Research Services in Exchange For Brokerage

Securities Exchange Act of 1934 - Section 28(e)Research Services in Exchange For Brokerage

(1) No person using the mails, or any means or instrumentality of interstate commerce, in the exercise of investment discretion with respect to an account shall be deemed to have acted unlawfully or to have breached a fiduciary duty under State or Federal law unless expressly provided to the contrary by a law enacted by the Congress or any State subsequent to the date of enactment of the Securities Acts Amendments of 1975 solely by reason of his having caused the account to pay a member of an exchange, broker, or dealer an amount of commission for effecting a securities transaction in excess of the amount of commission another member of an exchange, broker, or dealer would have charged for effecting that transaction, if such person determined in good faith that such amount of commission was reasonable in relation to the value of the brokerage and research services provided by such member, broker, or dealer, viewed in terms of either that particular transaction or his overall responsibilities with respect to the accounts as to which he exercises investment discretion. This subsection is exclusive and plenary insofar as conduct is covered by the foregoing, unless otherwise expressly provided by contract: Provided, however. That nothing in this subsection shall be construed to impair or limit the power of the Commission under any other provision of this title or otherwise. (2) A person exercising investment discretion with respect to an account shall make such disclosure of his policies and practices with respect to commissions that will be paid for effecting securities transactions, at such times and in such manner, as the appropriate regulatory agency, by rule, may prescribe as necessary or appropriate in the public interest or for the protection of investors. (3) For purposes of this subsection a person provides brokerage and research services insofar as he-- (A) furnishes advice, either directly or through publications or writings, as to the value of securities, the advisability of investing in, purchasing, or selling securities, and the availability of securities or purchasers or sellers of securities; (B) furnishes analyses and reports concerning issuers, industries, securities, economic factors and trends, portfolio strategy, and the performance of accounts; or (C) effects securities transactions and performs functions incidental thereto (such as clearance, settlement, and custody) or required in connection therewith by rules of the Commission or a self-regulatory organization of which such person is a member or person associated with a member or in which such person is a participant.

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The aforementioned rule is solely for information and citation purposes. Neither the SEC, NASD nor any other regulatory organization endorses, indemnifies, or guarantees the member's business practices, selling methods, the class or type of securities offered, or any specific security.