The service integrated via an open API will allow Saxo’s Australian clients to easily create trading summary reports.
Through the solution, investors will be able to obtain customized reports for performance monitoring and tax reporting purposes, including tax reports on capital gains and dividend income, as well as comparative information to track the walk.
Adam Smith, Managing Director of Saxo Markets, said: “Our integration with Sharesight is a natural fit as both our companies are committed to providing do-it-yourself investors with tools that are often only available to professional investors. »
“This integration also makes tax reporting easier for our customers, providing a seamless solution to reduce the ongoing burden on tax administration. »
Sharesight added that the integration with Saxo will expose its clients to the platform provider offering access to 36 international exchanges and over 40,000 instruments across all asset classes.
Doug Morris, CEO of Sharesight, commented: “Sharesight clients tend to have a high portfolio weighting in Australian equities and are not highly exposed to global investment opportunities. »
“Given this local focus, we view our alliance with Saxo as very beneficial for our customers. »
The manual work required for tax reporting will be largely streamlined, the companies added, with investors able to grant their accountants access to business records.
