Tax Lots, STRFs, and Dividends

Since the Trust platform was built based on the needs of our advisors, it has a complete, integrated tax lot accounting tracking system. The system also tracks Short-term Redemption Fees (STRFs) and dividend information as provided by the mutual fund companies.

Tax Lot Accounting

Trust provides comprehensive cost basis and gain/loss information on all accounts – both retirement and non-retirement accounts. The information is available online by position, online as a year-to-date summary, and in standard reports. All gain/loss information is broken down into short-term and long-term gain or loss. Our goal is to give you critical account information when you need it.

Your clients and representatives also have direct access to the same detailed cost basis and gain/loss information through their online account access.

Realized versus Unrealized Gain/Loss

While our system provides actual gain/loss information at the account level and by position, it also calculates the potential gain or loss for all current positions. This information is provided in both the positions area and on many trading screens. By presenting this information on the trading screens, we provide the information you need to make the best trading decisions to minimize your clients’ tax consequences.

Historical Cost Basis Conversion

During your conversion to Trust, we can bulk import your historical cost basis information for you so our system can provide correct tax lot accounting for your accounts.

Short-term Redemption Fees

Trust doesn’t impose any short-term redemption fees beyond those imposed by mutual fund companies.

To help you minimize your clients’ short-term redemptions fees, our system tracks potential mutual fund fees associated with each position in your client accounts. We provide this information in the positions area and in the trade blotter where you can easily remove accounts or reduce trade lots containing short-term redemption fee shares from a trade.

Dividend Processing

To keep you fully informed, pending dividends are noted as soon as the mutual fund company notifies us of an upcoming payment. Dividends are then posted as soon as they are received.

Your representatives and clients are also kept informed. Their online account access also provides the same, up-to-date information, including summary, pending, and posted dividend information.