FinFolio’s Portfolio Management Software Adds Cost Reconciliation Functionality

Share Article

FinFolio adds new feature to reconciliation process; enhancing custodial tax lot cost basis reconciliation process in FinFolio WorkStation.

News Image

Cost Basis Reconciliation Wizard

Scott Pruski, Managing Principal of Summit Investment Guidance Partners in Grand Rapids, MI says “with our focus on individuals and families in high tax brackets, this is the tool we’ve been seeking to help our clients keep more of what they earn on their

FinFolio has recently added new functionality to their portfolio management software suite. FinFolio has released into production a new reconciliation wizard which assists asset management firms in calculating and reconciling cost basis data. Position tax lot cost basis information imported from custodians and stored in FinFolio may be compared and reconciled with FinFolio’s current calculated cost.

With FinFolio’s tax lot cost reconciliation wizard, advisors and asset managers will be certain of the tax implications of their decision making processes. Users can have confidence in the issuance of realized and unrealized gain loss reports at any given time. Need a gain/loss report for short notice client meeting? Have absolute confidence in your data, use FinFolio’s cost reconciliation wizard and rest assured.

Matt Abar, FinFolio’s Chairman and CEO, states “at FinFolio we continue to strive to produce the best portfolio management software in the marketplace. Our cost basis reconciliation wizard is yet another example of FinFolio’s commitment to be the best. We concentrate on the small stuff, insuring the big picture is always in focus.”

Scott Pruski, Managing Principal of Summit Investment Guidance Partners in Grand Rapids, MI says “with our focus on individuals and families in high tax brackets, this is the tool we’ve been seeking to help our clients keep more of what they earn on their investments.”

About FINFOLIO
FinFolio develops and supports portfolio management software for financial professionals. FinFolio has embraced an expanded definition of portfolio management which includes; rebalancing, billing, client data distribution and all other elements of your financial back office. FinFolio’s clients include investment advisors, financial planners and wealth institutions with assets ranging from $50 million to $100 billion. The firm empowers hundreds of advisors, managing over $100 billion in assets for more than 100,000 accounts. For more information about FinFolio, visit http://www.FinFolio.com

About FINFOLIO WORKSTATION
FinFolio Workstation is a comprehensive portfolio management software package. It is user friendly, intuitive and incorporates powerful administrative tools for managing large databases. FinFolio WorkStation utilizes a unique error tracking system for identifying custodial data errors providing efficient processes yielding clean, error free data. FinFolio Workstation offers an industry leading reporting framework allowing users to modify or create custom reports on the fly. FinFolio WorkStation may be hosted by their clients, FinFolio or by a third party cloud provider.
FinFolio was built from the ground up to handle mission-critical business processes for large asset management firms.

About SUMMIT INVESTMENT GUIDANCE PARTNERS
While providing uncommon attention to after-tax results, we specialize in investing with a purpose and according to a plan, in pursuit of dependable outcomes for the individuals and families we serve. About 35 household relationships, with $62 million invested under our care, depend on us for proactive guidance as clients. For more information, visit http://www.SummitIGP.com

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Douglas Moses
Finfolio
720-206-0660 Ext: 505
Email >
Follow us on

Media