About a-team Marketing Services
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

Recorded Webinar: The Data Office at a Crossroads — AI Governance, Organisational Design, and the Evolving Mandate of the CDO

Who owns AI governance in a capital markets firm – and is the Data Office structured to bear that weight? These questions sit at the heart of A-Team Research’s latest findings, presented here for the first time: the combined results of two landmark surveys examining the role of the Data Office in AI governance and...

BLOG

Why Private Markets Need Numbers They Can Defend

By Gareth Hewitt, Founder, LemonEdge. Private markets run on confidence. Performance still matters but investor trust increasingly depends on whether a general partner (GP) can defend the numbers behind it and whether a limited partner (LP) has enough transparency to test and reconcile those numbers for itself. A capital account balance, valuation movement, fee calculation...

EVENT

Data Management Summit New York City

Now in its 16th year, Data Management Summit (DMS) NYC returns on September 17th 2026, to explore how to use data and AI to drive measurable business outcomes – reliably, repeatedly and at scale.

GUIDE

Regulatory Data Handbook 2026 – Fourteenth Edition

Welcome to the fourteenth edition of A-Team Group’s Regulatory Data Handbook. Supervisors increasingly expect firms to demonstrate which rules apply, which data supports each obligation, who owns the control and how exceptions are identified and resolved. Policies and implementation programmes must now be supported by records that can withstand regulatory scrutiny. This edition examines material...