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A-Team Insight Blogs

Interactive Data Adds More Data to Probate Valuation Service

Interactive Data Corporation’s Pricing and Reference Data business has enhanced its Probate Valuation service by adding valuations for new instruments including hard to price securities.

According to the vendor, the service now offers valuations for more than six million global listed securities and funds, as well as unit trusts, and takes into account undistributed dividends and interest.

The service, which was first launched in 2006, is aimed at helping clients to value UK and international securities for estate administration purposes. It has been designed to conform to HM Revenue & Customs (HMRC) requirements for probate and inheritance tax valuations.

The data is provided from stock exchanges, fund managers and other sources worldwide via Interactive Data’s Pricing and Reference Data business. Anthony Neville, divisional director of Interactive Data, explains that the turnaround time for the delivery of the service is between 24 and 48 hours.

The service has been designed for use by fund managers, private client wealth managers, stockbrokers and solicitors. One such user, Geoff Walker, partner at Killik & Co, is pleased with the service improvements: “We are finding that the service increases the efficiency of our internal resources and is proving to be cost effective too.”

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