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Learn how you can harness the power of your online portfolio accounting and performance reporting application to save time and uncover new opportunities to gather assets. Choose a topic below:

Client Registration
Core Value and Benchmark Report Explained
Daily Time-Weighted Rates of Return Explained
Gain/Loss By Investor Report Explained
How to Produce Batch Jobs
Generating Professional Referrals
Top Ten Features



Gain/Loss By Investor Report Explained

Most would agree that this is a very impressive and critical report to produce for your clients.

1. A Gain/Loss By Investor Report can be run for any client using the standard report creation method of simply choosing the "Gain/Loss By Investor Report" from the reports drop-down on the Advisor Report screen.

2. If you are doing year-end reporting, make sure you put the date, e.g. 12/31/2003, into the date field.

3. Click the "Go" button

4. One of two things will occur:

Either the report will run (meaning the accounts were opened after we started collecting data for you, or you have already completed the Cost Basis Assignments for these accounts)

Or, you will be diverted to the "Cost Basis Client List > AVG Cost Assignment Screen."

Average cost basis assignment must be complete to run a Gain/Loss By Investor Report with Realized and Unrealized Gains. The Statementone system must have cost basis information for all assets in the account to run this report.

Once at the "AVG Cost Assignment Screen," you will see a list of all the assets that currently exist or have previously existed in that account. Each asset will have a "Date" which represents the first entry for that asset in the system. The system will also tell you how many units were owned at that time. You will need to enter either the "Unit Cost" for each asset owned at that time or the "Total Amount Paid." If you are unsure of the cost basis for that particular date, you can move the first date forward by simply clicking the "Calendar" option next to the account. Moving it forward allows you to align the date with any records (from other systems or from your previously printed statements) which you may have for this account. The good news? Once you do this one time, the system will automatically keep your Cost Basis information up-to-date, and will continue to adjust the Cost Basis based on events as they occur.