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Macquarie adds capital gains tool to platform

Macquarie has added a capital gains and losses calculation tool to its wrap platform.

The web-based solution, CGiX, is provided by Financial Software Ltd.

All client data, including valuation and transaction details, feed directly into CGiX from Macquarie wrap, eliminating the need to duplicate data entry.

Macquarie says the solution will help financial planners to give enhanced advice to clients by providing automated reports on clients’ realised and unrealised gains and losses.

Macquarie adds that along with providing “what if” functionality, which provides real-time capital gains forecasting for proposed trades within a client’s investment portfolio, the CGiX website and the reports it generates can be white labelled.

Macquarie head of distribution John Porteous says: “The UK tax landscape is becoming more complex for high net worth investors so a detailed understanding of CGT and its implications within the financial planning process is a powerful tool for advisers, especially in the run up to the tax year end.

“This solution allows financial planners to easily model different scenarios so that they can provide the best level of service and advice to their clients.”


Balance knowledge and experience

Recent events and FSA announcements have come as a stark reminder to everybody about the penalties of getting things wrong. It remains potentially difficult to operate in an outcome-based environment rather than under clear rules, particularly when assessments are made today about activities undertaken some while ago. All firms would be advised to check that […]


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There is one comment at the moment, we would love to hear your opinion too.

  1. Superb. When are other platform / wrap providers going to follow suit? Any comments Skandia?

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