by Krisan Marotta | Feb 3, 2012 | KBO, Reporting
Wondering what the columns mean on the various Schwab PortfolioCenter Performance Reports? Here’s a brief explanation. Beginning (BV) = The total market value of the portfolio at the beginning of the reporting period. This values comes from the intervals. Net...
by Krisan Marotta | Jan 23, 2012 | KBO, Random Musings
PortfolioCenter is worth the cost, especially considering what it does for you! Maintaining accurate data is invaluable to your practice, your clients and your peace of mind. In addition to the standard license, SPT offers a “Emerging Practice” license for firms with...
by Krisan Marotta | Jan 13, 2012 | Cost Basis, KBO
Bifurcation threatens to be the monster that devours all your time! If you reset your cost basis in PortfolioCenter to move out of average cost accounting January 1 2012, what do you do with transactions that arrive in January but which are backdated to December? ...
by Krisan Marotta | Jan 5, 2012 | Cost Basis, KBO
There’s an additional step you may need to take which is not discussed in the PortfolioCenter documentation for dealing with the bifurcation of average cost mutual funds. If you plan to switch from average cost accounting long term, you should change your...
by Krisan Marotta | Jan 3, 2012 | KBO, Performance
Since the New Year’s Day market holiday fell on January 2 for 2012, you need to modify the market holiday list in Schwab’s PortfolioCenter. For the most accurate Time-Weighted Rate of Return (TWR) and Internal Rate of Return (IRR) calculations,...
by Krisan Marotta | Jan 2, 2012 | Cost Basis, KBO
Wondering what the “W” means that has begun appearing in the comment field on the cost basis reconciliation report in Schwab’s PortfolioCenter? It means that position is affected by a wash sale. If you sell a position at a loss and purchase that...
