Essential Expertise for a Changing Regulatory Environment

Recent legislation requiring cost basis accounting for financial services companies has caused concern to many participants in the alternative investment community.

To date, there remains uncertainty as to the specific requirements of this lengthy and wide-ranging legislation. However, Phoenix American is aware of the importance of this issue to our clients and is working to ensure that our clients are properly prepared.

Phoenix is enhancing the STAR 2010-XMS system to include all the capacity necessary to accommodate the regulatory changes as well as the flexibility to anticipate and accommodate possible changes in the future. We will also be working closely with eminent outside counsel to ensure that, as your transfer agent, we have adapted our system effectively to meet your new compliance needs.

Companies in the investment industry will be expected to apply the new law individually according to industry, size of the company and other criteria. As the need arises, Phoenix Transfer will conduct an assessment of each client’s particular situation and work to develop an appropriate compliance strategy.

Phoenix Transfer is committed to keeping our clients informed and equipped with regard to cost basis requirements as a part of our emphasis on customer service. As your transfer agent, our goal is to equip you with the resources you need to formulate an appropriate compliance strategy and to ensure that we can execute whatever strategy for compliance your particular venture calls for.