Iress Commission Automation
Iress automates matching of all commission and fee types. The module matches the commission that has been received by the adviser and reconciles these payments against expectation. This allows advisers to accurately determine revenue and determine adviser commissions.
Availablity of data
Some providers and fund managers supply data electronically and where this is available it is used. However, electronic data is not always available. Some providers only provide data from some systems. Some fund managers and providers do not provide electronic data at all. In this instance the information is sent to the IFA as a paper commission statements or an image format such as PDF.