Compliance and Service Benefits for
Financial Professionals
With new regulations heightening the need for accurate cost
basis calculation and reporting, NetBasis can serve as both an important
compliance resource and a valuable competitive differentiator for a wide range
of financial professionals. Created by financial services professionals
familiar with the frustrations of cost basis accounting, NetBasis takes the
headache out of determining historical security changes due to stock splits,
mergers, dividend reinvestments and other cost basis adjustments.
Financial professionals who can benefit from NetBasis include:
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Tax Professionals
- Accountants and other professionals who advise clients on tax-related issues
can use NetBasis to prepare Schedule D forms more quickly and accurately,
enhance clients' tax planning, and evaluate estates more precisely - all while
accomplishing more work in less time.
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Financial Advisors
- Financial advisors can use NetBasis to manage client gains and losses more
effectively, aid in determining an internal rate of return in order to provide
better-informed buy and sell advice to clients, and provide accurate cost basis
information to clients at tax time.
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Asset Managers
- Professionals who make investments on behalf of clients can use NetBasis to
make better-informed buying and selling decisions, manage client gains and
losses more effectively, and prepare client 1099 forms more accurately, in
compliance with new regulations.
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Wealth Managers
- Wealth managers can use NetBasis to manage client gains and losses
effectively, make better-informed estate and gift planning decisions, value
charitable donations appropriately, and provide accurate date of death
valuation.
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Estate/Divorce Attorneys
- Estate and divorce attorneys can use NetBasis to value estates efficiently
and reliably, provide accurate date of death valuation, enhance clients' estate
and gift planning, and value matrimonial assets more accurately when trying to
negotiate a settlement.
The standard for cost basis calculation.
Using data extending back as far as 1925, NetBasis accurately
determines adjusted cost basis in seconds, providing an audit trail of capital
changes that makes it easy to track all corporate actions associated with a
security.
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