Basis...
2 yrs ago, my partner and I took on the task of trying to reconstruct the entire history of our book. Our current CF is quite good, with good technology. In 6 weeks we’d accounted for nearly all the dollars in our 1200 hhld book. Frankly, I’m very proud of that project, and my colleagues can’t beleive we pulled it off.
The secret/trick of mutual fund recreation of basis? Hysales hypos, accurate as heck, and very quick. You do need to have the purchase date, initial investment, current value, at least two of those three numbers. Then, you need to obviously know if they were reinvesting divs/cg, and whether they were sys inv in, or w/d.
BTW, we’re totally on the same boat on ins products...
Hmm. Never thought of hypos. Thanks. I'll look into it.