by Krisan Marotta | Feb 21, 2017 | Cost Basis
If you keep cost basis in PortfolioCenter reconciled to your broker, February means income reclassifications. Due to complicated IRS rules and regulations, fund companies may need to adjust dividends already paid when they close their books at the end of the fiscal...
by Krisan Marotta | Nov 3, 2016 | Cost Basis
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 Krisan Marotta | May 10, 2016 | Tech Help
Take advantage of the slower summer months to give your PortfolioCenter database a tune-up. Keeping the details streamlined not only makes your daily tasks more efficient, it reduces the likelihood of hitting speed bumps during the quarter-end rush. Here’s a...
by Krisan Marotta | Feb 2, 2016 | Cost Basis
You receive this message from your broker with a list of accounts, dates and dividends: “Cost Basis Adjusted. No Action Required. The following accounts’ cost basis was adjusted due to an action such as return of capital.” The notice may say...
by Krisan Marotta | Dec 1, 2015 | Cost Basis
Since the 2008 legislation for cost basis reporting, many investment managers are considering no longer sending tax reports from PortfolioCenter to their clients. Since managers are NOT required to track cost basis under the new regulations, how do you decide whether...
