Broadridge’s Non-Cash Compensation (NCC) solution provides scalable, online recordkeeping, validation, and approval workflows to track multiple NCC activities, events and fees related to:
- Conferences and Seminars
- Training Courses
- Trade Shows
- Gifts
- Travel and Lodging
- Meals and Entertainment
- Promotional items
Broadridge’s Non-Cash Compensation solution offers the following features:
- User-friendly, intuitive desktop/mobile user interface
- Configuration controls that enable your firm to easily define monthly and annual allowances for NCC thresholds
- Advisors can easily enter NCC event details for review and approval by management
- Multiple layers of management review can be defined for your firm’s approval process
- Workflow approvals & rejections configured based upon various event attributes
- Threshold comparison alerts provided when advisors exceed firm-defined parameters
- Role-specific Dashboards
- Detailed Excel reporting capabilities by Activity/Event, Advisor, NCC Category or Vendor
Asset Managers Portal
Over 200 Asset Managers have consented to submit quarterly NCC Activity files to Broadridge, to be utilized for reconciliation within the Non-Cash Compensation solution.
Asset Managers upload a reconciliation file into NCC, validating amounts they have applied to each advisor. NCC matches these items to entries pre-approved in the system and creates exception reporting based upon your firm’s configured thresholds as needed for additional review.
If you would like to learn more about how Broadridge’s Non-Cash Compensation solution can improve your firms record keeping of NCC activities and events, contact your Broadridge Account Manager or visit A Digital Non-Cash Compensation Portal for The Age of Reg BI.
