Sandgrain Securities

• Sandgrain Overview
• Equity Trading
• Fixed Income
• Alternative Investments
• Dark Pools
• Trading Abilities
• Trade Analytics
• Transition Management
• Soft Dollars
• Commission Recapture
• Research
• Minority/Women Owned Business Certification

Soft Dollars

Sandgrain’s soft dollar program is geared toward SEC registered investment advisors pursuant to ERISA Section 28(e) and is consistent with AIMR guidelines related to the use of soft-dollars. Much like our commission recapture reports, our soft-dollar reports are issued monthly and quantify the value added during the trading process to verify that we provided "best execution". All soft-dollar credits are segregated into a separate customer related liability account, as required by the FINRA, and remain on deposit until properly invoiced. The level of detail in our reports includes the amount of dollar credit earned as a result of trading activity, any prior credit balance, current bills paid, and any remaining credit balance.