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Appraisals Report
Appraisals Report

Understanding the numbers in the Appraisals report, why the calculations were chosen, and how to use the report with clients.

Chelsea Flood avatar
Written by Chelsea Flood
Updated over 3 years ago

This report shows a snapshot of an account on a given day. It is alternatively referred to as an "Unrealized Gains and Losses" report. You are able to assess portfolio valuation and a number of other metrics by security, at a total holding or individual tax lot level. 

What is included in the number you are looking at? (calculations, source, etc.)

The report includes the following fields: 

  • Description of security 

  • Symbol

  • Quantity of shares 

  • Market value (as of the report date)

  • Price on the report date

  • Cost basis (by lot and in aggregate) 

  • Unit price (cost per share when purchased)

  • Purchase date 

  • Unrealized gain/loss - percent difference between market value and cost basis

  • Yield - forward dividend yield in annual terms based on last dividend paid

  • Portfolio weight - individual holding market value as a percentage of the total account value  

Why have we chosen to include and/or calculate the number the way we do?

These are the standard fields presented on appraisal reports. Custodian statements may or may not include cost basis information so we made sure to include this on all reports. 

How can this report be used in a client review to help boost your clients' confidence, increase transparency, and answer questions?

This report is particularly useful for clients who want to implement tax efficient investing strategies. Consider the following tips and best practices to leverage this report in your client reviews:

  • Enables you to review the individual tax lots for securities within a portfolio, even for positions with significant dividend reinvestments 

  • Identify opportunities for tax loss harvesting by sorting and/or filtering on tax lots with significant unrealized losses

  • Identify and monitor positions with significant unrealized gains to be aware of potential tax implications/liabilities

  • Assess and communicate to clients significant drivers of portfolio changes by identifying top "winners"  and "losers" in their portfolios.

  • Reaffirm the importance of diversification by illustrating a broad range of investments and distributed returns

  • Identify consolidated stock positions that may need management/reduction plans as applicable

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