Brokerage Statement Analysis
ACI’s staff analyzes and reconciles monthly settlement statements for introducing brokers who utilize a clearing firm to clear their trades.
ACI’s staff members analyze the Brokerage Statements provided each month by clearing firms to ensure all transactional activity is reconciled. Then, month end balances are accurately recorded onto the introducing broker dealer’s balance sheet and are subsequently ready for collection.
Introducing broker dealers that do not have the infrastructure to settle their own trades often opt to have this process facilitated by larger broker dealers known as clearing firms. The clearing firms assist in matching the buyers and sellers of the transactions they execute and reconcile/collect monies owed between the parties. At the end of each calendar month brokerage statements are provided to the introducing firm to summarize the transactional activity and reflect a breakdown of the commissions earned and costs incurred while servicing their customers.
Give us a call at 212-668-8700, or follow the contact form link below to learn more.