Here are some important reminders regarding upcoming advisory fee payments from Illuminations and our Direct Money Managers:
- Quarterly advisory fees are typically billed to the client’s account during the first week following the end or beginning of each quarter.
- The ESI Compensation team starts receiving these fees from vendors approximately two weeks into the new quarter.
- Depending on the day of the week that advisory fees are received and processed in good order, they will be paid out the following week.
- ESI’s commission pay-cycles close each Wednesday, with payments issued the following Tuesday (note that bank holidays may impact these 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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