Nucleus said the tool, known as Narrate CG, is designed to aid advisers in calculating their clients’ capital reporting requirements. It will be launched as part of Nucleus’s Narrate client suite after testing and features improvements on the previous version, the platform provider said.
Nucleus said it will allow advisers to access all clients’ general accounts in a single view, while additional clients can be added to enable reporting across spouses or other connected clients.
Other features include the automatic carry over of acquisition costs for inter account transfers, the ability to rebase costs for deceased clients, and a range of report output options, including a full history of each account’s capital gains tax related transactions and distributions.
Andrew Smith, chief technology officer at Nucleus, said: “We are always looking for ways to help advisers and their clients to invest and manage money.
“Technology is at the heart of our business and as a result we are constantly looking for ways in which we can upgrade the platform and its user experience. Having spoken to our audience, we recognised the importance of capital gains tax planning to advisers and have taken this step to help improve their processes.
“We have been able to implement these improvements thanks to our recent investments in technology and by having a really engaged user base.
“The initial testing phase has been well received from a selected group of Nucleus users, but we are keen to keep collecting feedback from anyone using the tool so we can always look to improve the platform and make advisers’ lives easier.”
