NetWorth Advising Platform

The NetWorth Advising Platform, developed by NetWorth Services Inc., is a suite of SaaS applications designed to provide investment tax management tools, cost basis calculations, and regulatory tax compliance reporting. According to the vendor, this platform caters to a wide range of business sizes, from individual investors to large institutions. Professionals and industries such as financial advisors, accountants, money managers, and registered investment advisors can benefit from the features and functionalities offered by the NetWorth Advising Platform.

Key Features

Equities: According to the vendor, the NetWorth Advising Platform provides tools and functionalities for tracking and analyzing equity investments, including stocks and shares in publicly traded companies. It allows users to calculate the adjusted cost basis of their equities, taking into account historical changes such as stock splits and mergers. Comprehensive cost basis reporting is available to ensure tax compliance.

ESPP Shares: The platform supports the management of Employee Stock Purchase Plan (ESPP) shares, according to the vendor. Users can input ESPP share information and calculate the adjusted cost basis, considering corporate actions like spin-offs or stock splits. Specific cost basis reports for ESPP shares are generated to facilitate tax compliance.

Cryptocurrency: The NetWorth Advising Platform includes features for managing cryptocurrency investments, as claimed by the vendor. Users can track and monitor their cryptocurrency holdings, including popular cryptocurrencies like Bitcoin and Ethereum. The platform provides tools for calculating the adjusted cost basis of cryptocurrency investments, considering price fluctuations and transaction history. Comprehensive cost basis reporting simplifies tax reporting, according to the vendor.

Batch Processing: The platform supports batch processing, enabling users to process multiple transactions or calculations simultaneously, according to the vendor. Users can upload bulk data, such as transaction history or investment portfolios, for efficient processing. Batch processing automates repetitive tasks, ensuring accuracy and consistency in cost basis calculations and reporting for large volumes of transactions.

Regulatory Tax Compliance Reporting: According to the vendor, the NetWorth Advising Platform offers robust reporting capabilities for regulatory tax compliance. Users can generate comprehensive reports, including Form 8949 and Schedule D, for accurate reporting of capital gains and losses. The platform ensures compliance with tax regulations, simplifying the tax reporting process by automatically including cost basis adjustments and corporate actions.

FAQs: The platform provides a Frequently Asked Questions (FAQs) section, according to the vendor, offering information and guidance on investment tax management and cost basis calculations. Users can find answers to common queries, troubleshooting tips, and platform feature explanations. The FAQs section serves as a resource for users to enhance their understanding of the NetWorth Advising Platform.

Pricing: The pricing details for the NetWorth Advising Platform can be obtained by contacting the sales team or visiting the website, according to the vendor. Users can choose from different pricing plans based on their specific needs. Pricing may vary depending on factors such as the number of users, required features, and company size. The platform offers flexible pricing options to cater to individual investors, professionals, and institutions.

Contact: Users can reach out to the NetWorth Advising Platform's customer support team for any queries or assistance. Contact information, including email and phone number, is provided on the website. The customer support team is available to address technical issues, provide guidance on using the platform's features, and assist with other inquiries, according to the vendor.