Stream Phase3 Cost Basis Solution

Stream Phase3’s cost basis offering can mitigate the risks and challenges associated with building a solution. It integrates three SunGard solutions: Stream Phase3 (formerly known as Phase3), a global securities processing system; WealthStation’s Cost Basis Reporting Engine, a robust tax lot accounting engine that provides systematic calculations of both realized and unrealized gain loss information; and Compliance Plus, a tax reporting information service from Stream Wall Street Concepts (formerly known as Wall Street Concepts). The solution, which has served firms for nearly a decade, employs a multi-faceted approach, from account transfer to basis selection to supplementing statement reporting.

Features

  • Automatically processes cost basis calculations, including corporate actions, option assignment and exercises, and wash sales, which are processed in real-time
  • Covers trades, cash and security movements, such as networking activity, among other areas
  • Supports mutual fund reclassifications, the Automated Customer Account Transfer Service (ACATS), and average cost for mutual funds
  • Enables you to extract tax lot information and deliver it to secure Web sites or portfolio accounting reports using a seamless, Web-based interface
  • Supports the creation of cost basis extract files in order to show tax lot information on client statements
  • Can automatically create year-end realized gain loss information to be sent to third parties for reporting purposes

Benefits

  • Helps you comply with upcoming regulations on cost basis reporting
  • Provides accurate cost basis information that is updated on an intraday basis
  • Automates elements of the process, helping to increase productivity and reduce errors
  • Takes a multi-faceted approach to the cost basis reporting process
  • Leverages the experience and expertise of three SunGard businesses
  • Helps avoid the risk and cost of integrating a third-party solution or building a proprietary solution

Related Products & Services

  • Wall Street Concepts

    A group of services providing tax information reporting solutions to the U.S. financial industry.

  • WealthStation

    An integrated wealth management platform for client management, data aggregation, financial planning, investment management, asset allocation, trading, rebalancing and reporting.