Previously labor-intensive, manual process revolutionized by the industry’s most efficient trading platform
DENVER (July 17, 2009) – Trust Company of America, a specialized provider of asset custody and technology services to fee-based Registered Investment Advisors, today announces a new time-saving account selection tool that allows advisors to easily remove accounts subject to taxable gains from a trade.
After rebalancing, block trading, or processing distributions for a group or all client accounts, advisors can choose to remove all accounts that are subject to short-term gains, long-term gains, or both from trade orders. Additionally, in the account select tool, the potential short-term and long-term gain/loss along with the year-to-date short-term and long-term gain/loss are now conveniently provided. If advisors need to conduct more in-depth analysis of the tax consequences for one or more of the included accounts, the information they need is readily available.
The ability to combine Trust’s state-of-the-art, model-based trading with tax management is powerful. It takes what is often a labor-intensive, manual process and integrates it into what many have called the most efficient trading platform in the industry. A valuable combination, Trust is anticipating further enhancements to the tax management tools on their platform over the upcoming years.
By turning manual, labor-intensive tasks into streamlined, scalable processes, Trust makes firms more successful and makes advisors’ lives easier.
