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Commission management system

  • US 8,433,629 B2
  • Filed: 07/30/2010
  • Issued: 04/30/2013
  • Est. Priority Date: 05/14/2002
  • Status: Expired due to Fees
First Claim
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1. A non-transitory computer readable medium comprising computer executable code for managing soft dollar commission accounts of a plurality of clients, said computer executable code comprising instructions for:

  • providing access to a processor based server to a plurality of client devices by a web interface module of said server over said communications network;

    uploading to said server by a client invoice module of said server invoices received from a plurality of investment service providers for investment products/services purchased by said plurality of clients;

    notifying a client device associated with a client by said client invoice module to approve an invoice received from an investment service provider for an investment product/service purchased by said client;

    processing said invoice by a processor of said server if an approval to pay said invoice was received by said client invoice module from said client; and

    pooling soft dollar commissions by said processor from any of a plurality of brokerage firms associated with said client to authorize payment of said invoice received from said investment service provider for said client.

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