Direct Downloads to TurboTax Make Tax Time EasierCommonwealth Financial Network® provides investors with free downloads into TurboTax
Waltham, MA (February 3, 2010)—Starting today, February 3, 2010, clients of Commonwealth Financial Network’s financial advisors can import 2009 tax information directly into TurboTax. All clients utilizing Commonwealth’s proprietary Investor360°® account management platform will be able to import tax information electronically into TurboTax for all accounts custodied at National Financial Services LLC (NFS), a Fidelity Investments® company. This information can be imported into both the desktop and Web-based versions of TurboTax.
“We know organizing tax information can be an arduous process for many investors,” said Darren Tedesco, Commonwealth’s vice president of innovation and strategy. “In order to simplify the process, and help advisors increase their value-add to clients, we’ve worked with NFS and TurboTax to provide this free service.”
Once clients log in to TurboTax, they can select Investor360° from the investment income section, enter their Investor360° user ID and password, and then select which accounts they want to import into TurboTax. All gains, losses, and other key tax information will be pulled into the system automatically, saving data entry time and reducing input errors.
More than 50,000 investors will have the ability to upload their brokerage account information directly into TurboTax, at no cost. Commonwealth is one of only two firms clearing through NFS to offer this service.
“We’re pleased to offer the clients of our financial advisors another service that integrates the many aspects of their financial lives,” said Tedesco.
About Commonwealth Financial Network
Founded in 1979, Commonwealth Financial Network, member FINRA/SIPC, and a registered investment adviser, is celebrating its 30th anniversary as a leading, privately owned independent broker/dealer, with offices in Waltham, Massachusetts, and San Diego, California. The firm supports more than 1,200 independent registered representatives nationwide and makes available a comprehensive array of financial products and services.
Manager, Media Relations
Commonwealth Financial Network