Announcing ByAllAccounts' Open and Closed Tax Lots Data

Wealth technology platforms have a new, game-changing way to bring unparalleled accuracy and efficiency to their tax-optimization and trading activities. With the availability of open and closed tax lots data as a premium feature on the ByAllAccounts Data Network, wealth technology platforms have a new way to meet the evolving needs of advisors and investors.

Detailed and accurate data is crucial for optimizing tax strategies, ensuring compliance, and enhancing overall investment performance. Here’s why incorporating open and closed tax lots data into your platform can be a game-changer for your advisor technology:

• Tax Optimization: Implementing tax-efficient strategies like tax-loss harvesting and asset location optimization becomes seamless with accurate tax lot data.

• Wash Sale Prevention: Accurate closed lot tracking helps prevent unintended wash sales, ensuring that trades do not disqualify valuable tax-loss harvesting opportunities.

• Performance Reporting: Accurate, comprehensive performance reports can now include metrics like cost basis and unrealized gains/losses.

• Historical Analysis: Power in-depth analysis of realized gains and losses over time for better future investment decisions.

• Automated Data Aggregation: Efficiently gather and deliver open and closed tax lot data from approximately 200 direct custodial feeds.

• Comprehensive Data: Enable robust analysis and reporting with detailed fields for both open and closed lots.
• Seamless Integration: Easily integrate with your existing systems, leveraging our mature custodial feed network for maximum efficiency.

• Cost Reduction: By outsourcing their direct custodial feeds, wealthtech platforms can reduce costs and focus on investments in their intellectual property, accelerating innovation and their competitive positioning.

• Market Parity: Emerging platforms can quickly scale, keep pace with competitors, and access a broader market of advisors.

• Data Accuracy: ByAllAccounts’ established infrastructure ensures accurate and efficient data aggregation—critical for both tax optimization and regulatory compliance.
• Enhanced Tax Optimization: With comprehensive data on open and closed tax lots, wealthtech platforms can deliver more effective tax-smart strategies, reduce tax liabilities, and improve overall investment outcomes.

ByAllAccounts' new tax lot aggregation feature positions us to support your platform’s growth and innovation, providing high-quality data essential for mission-critical investment use cases. Whether you’re an emerging wealthtech platform or an established player, our new feature can help you reduce costs, scale quickly, and enhance your competitive positioning.

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Don’t miss out on this opportunity to elevate your platform’s capabilities. Contact us now and be among the first to benefit from ByAllAccounts' new open and closed tax lot data feature.

Contact ByAllAccounts Today.