PrimeVest Financial Services, the New York-listed broker-dealer, has implemented Broadridge’s Aspire portfolio accounting and performance reporting service as it moves to comply with new IRS requirements.

A newly-integrated service, Aspire provides performance reporting, advanced portfolio analytics, and lot-level cost basis tracking and reporting, helping PrimeVest towards Troubled Asset Relief Program-compliant cost basis reporting and Global Investment Performance Standards-compliant performance reporting.

“The incorporation of the Aspire portfolio accounting capability was the next logical step in the continued evolution of our technology,” said Catherine Bonneau, president and chief executive of PrimeVest.

“Ahead of the IRS deadline, this enhancement makes it easier for our clients to meet all the IRS requirements and have the added benefit of flexible performance reporting. By working closely with Broadridge for these critical functions, we are much more confident in our ability to stay ahead, despite the rapidly changing landscape.”

Aspire can use any books-and-records back-office solution, and supports multiple currencies and sub-accounts, Broadridge said in a statement.