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The Proven Leader in Research Commission Management for both Commission Sharing Agreements (CSAs) and Research Payment Accounts (RPAs)

At TD Cowen, we are proud of our historical innovation and expertise in commission management. We are recognized as a leader in the industry - a cutting-edge partner that brings respected insights and a depth of knowledge and customizes services to our clients.

As a leader in the commission management space for over 30 years, we service more than 1,000 institutional clients and provide research from over 4,000 sources, including traditional broker-dealers and innovative, limited distribution research boutiques. Our unique unbiased agency structure provides our clients with the flexibility to leverage our experience in the CSA world as the industry moves towards RPA structures and compliance with the unbundling requirements of MiFID II.

Our long history gives us an in-depth understanding of today's complicated marketplace. We provide the solutions our clients need to enhance the efficiency of their commission management and reporting activities and help the achieve maximum value from their commission dollars. The combination of our leading-edge technologies, together with the expertise of our experienced professionals, enable us to offer a broad array of flexible commission management choices specifically targeted to our clients' objectives and priorities.

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