Consolidated Tax and Year-End Statement
We all know how complicated annual tax-return preparation can be—including the eleventh-hour hunt for missing brokerage account information. Pershing has relied on feedback from your colleagues to develop our new consolidated tax and year-end statement. This important enhancement lets you deliver three great sources of must-have, year-end information to your clients in a single, convenient envelope:

• Tax Statement (IRS Form 1099)-contains a detailed summary of your clients’ reportable and other nonreportable brokerage account transactions to assist with tax preparation
• Asset Management Account Activity-lists checking, debit card, and electronic transactions posted to your clients’ Gold and Platinum asset management accounts
• Portfolio Evaluation Service^® (PES^®)-features a schedule of your clients’ realized gains and losses

The new tax and year-end statement’s streamlined reporting can save your clients money by cutting down the time it takes tax professionals to prepare their returns. Highlight its unbeatable convenience as a reason for clients to bring more of their investable assets under your management.

Clients who maintain 1099-eligible Gold or Platinum ProCash Plus® accounts will be automatically enrolled for the new tax and year-end statement feature at no additional cost. In addition, 1099-eligible accounts that use PES can be enrolled for a modest additional fee for each consolidated statement requested.

To enroll eligible clients, click on the Office tab in NetExchange Pro® and select “Tax and Year-End Statement Set Up” from the drop-down menu. On the enrollment screen that appears, you just need to fill in the appropriate information, based on either all 1099-eligible PES accounts or 1099-eligible PES accounts with any of the following criteria:

• Office number
• Investment professional number
• Market value threshold

Annuity-Only Statement Suppression
The hard copy mailing of brokerage account statements may now be suppressed for non-qualified accounts that hold only networked annuities. Once the brokerage account is funded with cash or any other asset, a statement will be printed and mailed out to your client.

Clients whose annuity positions are networked into a Pershing brokerage account receive a detailed statement from the issuing insurance carrier. The suppression of the brokerage account statement sent by Pershing eliminates duplicate reporting. Client statements will still be accessible via e-Document Suite™ in NetExchange Pro and in NetExchange Client. Year-end statements will be generated for non-qualified accounts with suppressed monthly and quarterly statement mailings.

Alphabetical Listing of Account Holdings
Equity holdings in brokerage accounts are currently sorted by CUSIP®, which usually, but not always, approximates alphabetical order. We now provide the option of displaying equity holdings in true alphabetical order,making it easier for clients to locate specific holdings on their statements. This change applies to preferred stocks, common stocks, rights, warrants, and real estate investment trusts. It does not, however, apply to options.

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Your ability to provide comprehensive client service can help build your business over the long term. If you have any questions regarding any of these outstanding new service features, please contact your home office.