Investment research and
commission management solutions
Investment Research & Commission Management Solutions
Westminster is a FINRA registered broker-dealer specializing in providing investment research and commission management solutions to the institutional investment community. The flexible commission management solution allows investment managers to execute through top-tier institutional execution desks, while consolidating all of the administrative, servicing and reporting functions of their research business with one firm.
Broker Consolidation & Aggregation
A single, centralized account saves time and money and eliminates the need for multiple, disparate CSA brokers
Access to Investment
Consultative approach to managing financial research including weekly updates of new research companies and resources
Complete outsourcing solutions for investment managers and sell-side brokerage firms
Centralized CSA Management
The aggregation model helps money managers improve the execution associated with acquiring research from virtually any source.
Safeguarding CSA Balances
Westminster is a single purpose broker-dealer dedicated to commission management. Westminster does not engage in any risk businesses such as proprietary trading, market making, underwriting or other activity that might require a commitment of capital. This unique structure distinguishes Westminster from all other brokers involved in the commission management business.
Payment Anonymity for Financial Research
Westminster’s unbundled aggregation model allows clients to keep sensitive research spend data private from sell-side executing brokers. When we pay for research on our client’s behalf, the executing brokers do not know whom we are paying, the amounts paid, or the reasons for payments.
Westminster is a single purpose broker dealer providing an agnostic offering to clients.
- Westminster does not compete with our participating-executing brokers in either their financial research or trading businesses.
- Westminster does not have any minimums or in-house trading targets.
Multiple Execution Alternatives
Westminster’s multiple trading business structure provides money managers with the flexibility to seek best execution through a network of more than 250 executing broker-dealers.
Industry Expertise & Knowledge
Westminster’s principals are industry veterans with a wealth of experience and knowledge. Each Westminster client has a dedicated service representative as well as access to senior management.
Enhanced CSA Management Platform
Westminster offers a consultative approach to research budgeting, valuation and industry best practices.
Westminster’s web-based platform automates the commission management workflow process.
- 24-Hour web access
- Concise monthly reporting
- Invoice review & approval
- Real-time commission & payment balances
- Account statements
- Flexible and secure workflow integration and processing tools for CSAs, CCAs and all research payments