Princeton, New Jersey (PRWEB) May 27, 2010
YourOldMoney is proud to announce the launch of its new web based solution for determining lost cost basis. YourOldMoney addresses the system wide problem surrounding cost basis calculations by offering financial service providers (ie. accountants as well as financial advisors), a client friendly web based calculator that is reliable, easy to use, and combines an accurate cost basis calculation with a Letter of Agreement/client acknowledgement for providing accurate information. YourOldMoney offers two versions of their web-based calculator: YourOldMoney and YourOldMoney Professional. YourOldMoney is a straightforward 3 step version designed for individual investors, while the Professional offers a more comprehensive version for financial service professionals.
Powered by GainsKeeper®, and in compliance with the SEC, YourOldMoney is a third-party provider. YourOldMoney has created a product that addresses the system wide lost cost basis issue in a way that protects both the client and the brokerage firm. Clients never enter any personal information; since the financial service providers have the subscription, clients are never asked for their credit card, social security or brokerage account number. In addition, clients are able to print the results to review with accountants, if they choose. Once the clients are satisfied with the results, they sign the client disclaimer. This then allows the brokerage to update their files, with the cost basis results. Financial service professionals who subscribe to YourOldMoney will be able access to the web-based platform from any where they can access the Internet.
“I just wanted to create an engaging solution to the problem,” says YourOldMoney Founding Member Amelie S. Escher. Escher knows firsthand the obstacles associated with lost cost basis, founding YourOldMoney as a solution to the challenges she faced while working as a financial advisor for Merrill Lynch and Morgan Stanley Smith Barney. “What’s unique is the streamlined approach of packaging cost basis results with a client disclaimer,” say Escher, “allowing the client control of the documents, while the securities are warehoused by the brokerage”.
To find yours now, or for more information, please visit: http://www.youroldmoney.com, or call 8888 22 7328.
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