Posts Tagged: wealth management

COST BASIS REPORTING: THE QUESTIONS YOU NEED TO ASK NOW

Posted by & filed under Capital Markets, Capitalize on Change, Regulations, Solutions: Compliance, Solutions: Post-Trade.

According to respected industry analysts from TowerGroup, financial services institutions are “vastly underestimating” the impending customer service expenses related to cost basis reporting requirements. That suggests that firms need to start preparing now, because January 1, 2011 will approach quickly – you simply cannot afford to wait to solidify your cost basis reporting plans.