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.

 

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Broker Consolidation & Aggregation

A single, centralized account saves time and money and eliminates the need for multiple, disparate CSA brokers

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Access to Investment
Research

Consultative approach to managing financial research including weekly updates of new research companies and resources

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Broker Dealer
Sell-Side Solutions

Complete outsourcing solutions for investment managers and sell-side brokerage firms

Westminster Thought Leadership

Thought
Leadership

Read the Latest Commentary from Westminster

Centralized CSA Management

The aggregation model helps money managers improve the execution associated with acquiring research from virtually any source.

 

Key Features

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.

Agnostic Structure
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 Platform

Westminster’s web-based platform automates the commission management workflow process.

Capabilities

  • 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

REQUEST A DEMO

Americas:  212.448.6050
Europe:  +44.20.7070.0138