As cost-basis reporting becomes a reality, the investment industry is facing one of the most sweeping legislations of our time. This legislation impacts most aspects of shareholder interaction, including new account openings, trading and reporting. Firms face increased expenses implementing the legislation through increases in staffing requirements for trade processing and investor education and system enhancements.

While compliance with the new regulation is daunting, through its implementation true opportunities present themselves to the industry: shareholders will have access to their cost-basis information, while funds and firms can distinguish themselves by demystifying the subject for their shareholders by providing premium cost-basis services.

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.