NBCN (NBCN), a subsidiary of National Bank Financial Inc. has entered into a multi-year agreement with PriceMetrix, a SaaS software provider that specializes in helping retail wealth management firms enhance practice management while optimizing revenue opportunities.
PriceMetrix is supplying its market-leading CommissionCheck solution to NBCN, allowing the correspondent brokerage services firm to provide real-time commission pricing intelligence to over 65 clients and 1,500 advisors, via integration with the Correspondent Network Order Entry system.
"We are very pleased with the addition of PriceMetrix' CommissionCheck solution to our Order Entry System and are confident that our clients will be excited as well." said David Burnes, Executive Vice President of NBCN. "Our decision to integrate CommissionCheck showcases our continued commitment to providing our clients with best-in-class technology solutions that fit with their needs."
CommissionCheck is a subscription service designed to empower financial advisors to price equity commission trades at market levels by providing advisors with real-time market pricing comparables. Integrated directly into a firm's order entry system, an advisor's regular equity trade order workflow provides CommissionCheck with the details required to instantly show how the proposed commission compares to other commissions at their firm, and across the industry. A range of comparable commissions is revealed, from what popular discount brokerages would charge to full service top performing advisors. Advisors may learn that they have an opportunity to raise their price to an acceptable market level, or that they are priced at a premium relative to what others charge.
"We look forward to working with NBCN and their clients" said Doug Trott, President and Chief Executive Officer, PriceMetrix. "With CommissionCheck, an advisor can identify and target revenue opportunities while gaining the confidence to charge a fair price by being in the know. Now that is powerful."