How the Cost-Basis Reporting Service Makes a Difference

By using this service, financial institutions can:

• Transfer original cost, adjusted cost or average cost on any asset transferred in ACATS.
• Improve productivity by reducing the manual processing of cost-basis information.
• Reduce operating costs by using an efficient, accurate transfer process that allows the preservation of cost-basis information for as long as the customer holds the asset.
• Improve the performance of portfolio managers, who can now depend on automated, uniform cost-basis data.
• Save customers time and money in gathering cost-basis information for tax-reporting purposes.
• Serve investors more effectively by providing access to cost-basis information on all asset categories, including mutual funds and options.