by Krisan Marotta | Nov 3, 2016 | Cost Basis, KBO
On November 1, 2016, Alcoa Inc became two companies. The original Arcon shares (AA) became Arconic Inc (ARNC). Then ARNC spun off a new company, Alcoa Corp (AA). Great news for investors, but a headache for PortfolioCenter users. Because the new company is trading...
by Matheson Russell | Aug 29, 2016 | Billing, KBO
The complexity and progressive nature of our tax system offers a host of different types of savings accounts which are all taxed differently. Because they are all treated differently, investment managers can bring clients greater savings by carefully considering how...
by Krisan Marotta | Aug 9, 2016 | Billing, KBO
It’s so easy to set up billing in PortfolioCenter, you might be tempted to skip learning how and why it works. Yet, that understanding is crucial to ensuring that PortfolioCenter is calculating fees the way you intend it to bill. Here’s everything you...
by Krisan Marotta | Jul 8, 2016 | Billing, KBO, SEC Audits
During the last two SEC Audits I “enjoyed” with my managers, the SEC Auditors requested a spreadsheet containing the “value of each client’s account at end of period that was used for purposes of calculating its advisory fee for the most recent...
by Krisan Marotta | Jun 23, 2016 | KBO, Tech Help
Installing PortfolioCenter is fairly straightforward, but what if your client database is not called “PortfolioCenter”? Perhaps you’re merging businesses with another manager or you outsource PortfolioCenter and your database is called something...
by Krisan Marotta | Jun 3, 2016 | KBO, Reporting
Starting with the July 2016 statements (mailed in August 2016), Schwab will send monthly statements only for accounts where there is “qualifying activity”. Otherwise they will send quarterly statements. You should be prepared for clients to call wondering...
