Here are a few reminders regarding upcoming advisory fee payments from Illuminations and our Direct Money Managers:
- Quarterly Advisory fees are typically billed to the client’s account the first week after each quarter ends/begins
- The ESI Compensation team starts receiving these fees from the vendors about two weeks into the new quarter
- Depending on the day of the week advisory fees are received and processed in good order, they are paid out the following week
- ESI’s commission pay-cycles close each Wednesday and pay the following Tuesday (bank holidays may affect cycle close/pay dates)
- Be sure to check your ACE Commissions portal for incoming advisory fees on your MyView Daily Sales Blotter report
If you need assistance, you can email the compensation team at esicommissions@nationallife.com or call (800)-344-7437, option 2, option 7
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