Commissions

Commissions

The goal of the Parkland Securities’ Commission Department is to pay our reps in a timely manner and provide detail that is easy to access. Our department understands that as a Registered Representative you are busy in the field and tries to provide you with the most accurate information possible.

iBonus: Access iBonus from our web site to look at commissions paid through Parkland Securities and fees paid through our RIA, Sigma Planning Corporation (SPC). You can view upcoming commissions due for the next pay cycle, display your paid statements, and do searches for individual client accounts.

Pay Dates: Commissions will be paid on the 7th and 21st of every month. Commissions received between the 1st and 15th will pay out to the RR on the 21st commission run. Commissions received between the 16th and the end of the month, pay out on the 7th of the following month.

Early Check Requests: Using the iRep system you can request an early payment for commissions ready to process. If the request is received by 1:00PM ET we should be able to process it that day so the funds are received in your account the following business day.

Commission Statements: Paid commission statements are available for viewing in iBonus or our Online Commission Center.

SPC: Fees paid to our RIA from Third Party Money Managers are typically paid quarterly. The FIWS Sigma Managed programs pay fees monthly in advance. Clients will be billed the first day of each month and the fees will be paid on the 21st of that month. Since these fees are billed in advance please note a chargeback may occur if the client withdraws funds during the month.

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