Cost Basis Reporting: Where Are We Now?

Celent Whitepaper Cost Basis Reporting 2011As the industry moves towards Phase 2 implementation of the cost basis reporting requirements, Celent’s most recent research note offers valuable insight into the remaining challenges, best practices and lessons learned from many of the industry’s leading financial institutions.

Co-authored by Isabella Fonseca, research director of wealth management at Celent and Alex Camargo, Celent analyst, this report surveyed more than 40 broker-dealers, mutual funds, transfer agents, custodians and prime brokers to gain a better understanding of the state of the industry as it relates to cost basis reporting readiness.

 

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