Your Old Money website addresses missing cost-basis data

02/17/2013 | Advisor Perspectives

An online service that supplies missing information in a client asset management system -- such as purchase price data for stocks purchased decades ago -- is a must-have tool when calculating the cost basis of a position, writes Bob Veres. The website Your Old Money was designed for such a scenario. It "takes daily price data from GainsKeeper (a Commerce Clearing House subsidiary) and rummages through stock data (going back to 1973) and mutual fund data (back to 1986) in a very sophisticated and helpful way," Veres writes.

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