Overview of the Payroll Reporting System (Spiff)

The payroll reporting system is an essential business tool designed to streamline your operations and enhance productivity. With all your reports centralized, you can effortlessly manage your business, freeing up valuable time to focus on what truly matters. Gain clear visibility into detailed reports that provide a granular breakdown of your payments, enabling you to track and analyze trends over time. Account-level Fees, Transition Bonuses, Trailer Fees, and Expenses are clearly itemized, offering comprehensive insights into the full scope of your compensation.

Once logged in, you can view all the important details and reports pertaining to your monthly payouts, organized in the following sections:

Statements 

1. Select Payout Period:

   • Use the [Month] [Year] dropdown at the top of the page to choose your desired payout period.

   • The most recent payout period becomes available on the 15th of each month.

2. Review Summary Information:

   • Upon selection, three summary information tiles provide a quick overview of key details.

3. Export Data:

   • Click the Download button to generate an Excel file with your monthly statement and comprehensive payout data for your chosen period.

Within the Excel file, navigate through the tabs at the bottom of your screen to review detailed breakdowns of your payout information:

• [DayMonthYear] Summary: See your payout statement for the specific period, summarizing key totals and figures at a glance.

• ExpensesByRule: Review a categorized breakdown of your expenses, including clear descriptions and corresponding amounts.

• Account-LevelFeesByRule: Explore detailed account-level metrics, such as GST/HST/PST payable, along with granular data for each client account, including market values, transaction descriptions, fee rates, amounts, payout ratios, applicable taxes (GST/HST/PST), and final payouts.

• TrailerFeesByRule: View your trailer commission details, clearly outlining the client, account number, investment symbol, amounts earned, and resulting payout.

• TransitionBonusByRule: Examine your transition bonus data, providing comprehensive insights by client and account number, including net asset flows and associated payout figures.

Account-Level Fees

In the Account-Level Fees tab, select the arrow to reveal detailed insights.

• Key Metrics and Data: Quickly locate your GST/HST/PST Payable amounts for the payout period.

• Detailed Breakdown: View comprehensive line items constituting your Account-Level Fees, including Account Number, Client, Security Description, Market Value, Transaction Description, Fee Rate, Payout Ratio, Tax, and total Payout.

• Interactive Details: Click any line item to display an informative summary card highlighting essential details.

Transition Bonus

In the Transition Bonus tab, select the arrow to explore further.

• Detailed Breakdown: Easily review each line item comprising your Transition Bonus, featuring critical information such as Account Number, Client, Asset Inflows, Asset Outflows, Net Assets, and corresponding Payout.

• Interactive Details: Click any line item to view a concise information card summarizing the key details.

Trailer Fees

In the Trailer Fees tab, select the arrow for additional information.

• Detailed Breakdown: Access an itemized list of your Trailer Fees for the payout period, clearly outlining Account Number, Client, Symbol, Security Description, Amount, and associated Payout.

• Interactive Details: Click any individual line item to bring up a summary card with key highlights for easy reference.

Expenses

In the Expenses tab, click the arrow to access more detailed information.

• Detailed Breakdown: Review each line item comprising your Expenses for the payout period, clearly categorized by Expense Type, Description, and Payout.

• Interactive Details: Click any line item to view a summary card containing essential details for quick reference.