Help May Be On The Way

Don’t know about you but an aggravating problem we occasionally encounter is assisting a new client determine the cost basis for a fund investment they’ve owned for many years. I can’t personally vouch for the quality of the service but David Janowski’s Tech Update in the current issue of Investment News introduces YourOldMoney, an SEC compliant lost cost basis solution. It provides an independent third-party evaluation of lost cost basis generated from client provided data. The cost is $20 per security. Again, I’ve only just learned of this service so I can’t specifically recommend it; however, it could potentially be a valuable service and I will be checking it out for our firm and I thought it worth sharing with you.

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