Three Schwab money market symbols in PortfolioCenter have the same default symbol as three securities. If you buy one of the funds, your trades may mistakenly appear as a cash transaction in the downloads. If you have been using PortfolioCenter … [Read more...]
Switching to Schwab Tax Lot Optimizer
Historically you may have used the trade lot matching method of "First in, First Out" or "Highest Cost" in order to produce the smallest possible capital gain or the largest possible capital loss when selling positions in client accounts. Trade … [Read more...]
How should I handle Cash in Lieu in PortfolioCenter?
A corporate action is an event such as an exchange, merger, stock split or spin-off that affects the securities of a public traded company. Frequently corporate actions result in fractional shares which are converted to cash. This conversion … [Read more...]
Understanding the 5 Matching Methods in PortfolioCenter
Cost basis is the cornerstone of your realized and unrealized gain/loss calculations. The matching method you select for closing transactions greatly influences cost basis. Recent legislation requiring custodians to track cost basis makes … [Read more...]