Information on the original cost basis of stocks purchased by investors can now be transferred automatically in roughly 97% of cases.

That's because fund firms are moving quickly to adopt electronic reporting services offered through the Depository Trust & Clearing Corporation.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.