About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

EDI Partner with NetWorthServices to Launch Netbasis CA

Subscribe to our newsletter

NetWorth Services, a leading provider of cost basis products and services, is pleased to announce the introduction of a new addition to their suite of Netbasis products – Netbasis-CA. The result of a synergistic collaboration between NetWorth Services and Exchange Data International (EDI), Netbasis-CA will provide crucial cost basis services to the Canadian financial industry.

Netbasis-CA is an internet-based system that can rapidly retrieve historical pricing and corporate action information and calculate the adjusted cost basis. Providing supporting documentation, a detailed display showing each adjustment and calculation in chronological order literally recreates every event and adjustment that happened to a security during the holding period.

“We are very excited about this marriage between the premier worldwide data provider, EDI and NetWorth Services. Calculating cost basis can be a daunting task for the Canadian financial industry as well as the US and we know that Netbasis-CA will provide a very valuable service to that market,” says Nico R. Willis, CEO of NetWorth Services, “Like the US, the recent financial crisis in Europe will most likely result in an increase in corporate events in the European market as well as the need for accurate cost basis calculations.”

With as little information as the year of purchase, Netbasis-CA quickly and easily filters through its massive database of financial information and within seconds, reaches back into time and recreates a complete history of that investment, and then delivers an accurate adjusted cost basis. Corporate and individual investors often rely heavily upon their investment advisors to understand and handle every aspect of their complex investment transactions.

While most brokerage firms are able to provide some cost basis information to their clients, too frequently the information is incomplete or unreliable. It becomes even more complicated when investors transfer their accounts from one firm to another, often losing valuable cost basis information that may have been collected about their securities transactions. In the absence of an industry standard, investors are left to the whim of different firms using different methods to perform their calculations. Together with the time constraints of tracking years of historical information, unfortunately “best guess” has become the only viable solution.

“This year, we have concentrated our effort on strengthening our growth and development in Canada and opened a new office in Montreal. We are delighted to share our expertise with NetWorth Services and launch Netbasis-CA which will enable the financial industry to easily access critical cost basis data”, says Jonathan Bloch, CEO at EDI.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Best practice approaches to data management for regulatory reporting

13 May 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Effective regulatory reporting requires firms to manage vast amounts of data across multiple systems, regions, and regulatory jurisdictions. With increasing scrutiny from regulators and the rising complexity of financial instruments, the need for a streamlined and strategic approach to data management...

BLOG

A Glimpse into the Future of Data Management

The future of data management is in play with complementary technologies promising to empower, streamline and reduce costs of financial institutions’ data processes. To get the latest thinking on the products and services that are likely to shape the way data is managed in years to come, A-Team Group invited market leaders to offer insights...

EVENT

RegTech Summit London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...