Derek M. Gledhill - Eden Prairie MN, US Andrew J. Start - Plymouth MN, US
Assignee:
Ameriprise Financial, Inc. - Minneapolis MN
International Classification:
G06Q 40/00
US Classification:
705 36R, 705 35
Abstract:
A system and a method of managing and reconciling changes in the cost basis for assets is provided. More specifically, the system and the method allow asset management advisors to provide clients with investment portfolio information that is complete and accurate. Specifically, the present system and the method allow cost basis data and tax lot data to be extracted from brokerage systems and other financial instrument administration systems to enable automated reporting of changes to cost basis changes for an individual's portfolio of assets.