Lack of staff members to devote to monitoring corporate actions and their tax implications
Problems solved:
Lack of staff members to devote to monitoring corporate actions and their tax implications
Risk due to failure to book a transaction or inaccurately booking a transaction
Costly mistakes due to lack of understanding of the tax consequences of corporate actions
Time-consuming processes
Need for operational efficiency in tracking corporate action tax consequences
Difficulty incorporating basis related adjustments into operations portfolio accounting systems
Key features:
Highly detailed and accurate corporate action taxability information
Automated corporate action taxability for all US and foreign equities, based on customer securities of interest
Timely cost basis and fair market value information
One stop shopping for all publicly available Form 8937s
Historical corporate actions
Cost basis calculator
