JP Morgan Adds Tax Reporting to Fund Administration Platform

JPMorgan Investor Services announced today that it has added after tax performance reporting capabilities to its fund administration platform. "Clients can decrease their risk and comply with SEC mandates to calculate pre tax and after tax returns without incurring high

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JPMorgan Investor Services announced today that it has added after-tax performance reporting capabilities to its fund administration platform. “Clients can decrease their risk and comply with SEC mandates to calculate pre-tax and after-tax returns without incurring high development costs,” says the bank. “JPMorgan quickly and efficiently disseminates this data to a multitude of end-users via the Internet or e-mail.”

Virginia Meany, Fund Services Business Executive added: “JPMorgan continues to demonstrate industry leadership by providing state-of-the-art technology to solve complex business issues. Our new after-tax functionality is an example of this continuing leadership. Using JPMorgan’s after tax capability, clients will increase their efficiency as they decrease manual effort and error, while complying with the SEC regulation. After-tax reporting is part of JPMorgan’s extensive services for mutual fund clients.”

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