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Silver Cost Basis Brings Clarity to Account Transfer ProcessingNEW YORK, May 4, 2021 /PRNewswire/ -- Silver Management Group of Companies today announced further enhancements to Silver Cost Basis -- its regulatory cost basis processing and transfer reporting solution. In contrast to many legacy cost basis solutions, Silver Cost Basis delivers the full range of cost basis processing for account transfers. A series of recent enhancements -- including in-line processing of Cost Basis Reporting Service (CBRS) and non-CBRS account transfers and full traceability across the entire transfer lifecycle -- have further streamlined manual operations, improved the client experience, and reduced the total cost of ownership for Silver's clients. "Not only can users view the entire history of a tax lot using our graphical Basis Clarity report, they can now easily access all transfer record details, including gift/inheritance processing, corrections, requests, and rejections, exactly as they were communicated between accounts and firms," says Chris Bocciolatt, Director of Product Management. He went on to say, "These innovative transfer tracking and workflow tools are another example of our ongoing commitment to providing clients with accurate, transparent, and traceable cost basis information." Silver Cost Basis offers users full transparency into their data and calculations and simplifies the complexities of cost basis. By providing proprieary explainer widgets, natural language reports, and graphical representations of corporate actions, transfers and wash sales, Basis Clarity brings back-office knowledge to the front office -- allowing financial advisors, customer service personnel, and even account holders to easily understand the cost basis of a particular lot. Every day, the Silver team strives to help clients reduce their customer support cost and improve their customer experience through seamless integration and access to fully detailed cost basis information. Let Silver bring clarity to your cost basis operations. ABOUT SILVER MANAGEMENT GROUP of COMPANIES Media Contact: Stephen Lach [[email protected]] Related Images View original content to download multimedia:http://www.prnewswire.com/news-releases/silver-cost-basis-brings-clarity-to-account-transfer-processing-301283128.html SOURCE Silver Management Group of Companies |