Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related services, today announced that its Pricing and Reference Data business has significantly enhanced its Probate Valuation service. The service, first launched in 2006, can help clients to value UK and international securities for estate administration purposes. The Probate Valuation service is designed to conform to HM Revenue & Customs (HMRC) requirements for Probate and Inheritance Tax valuations.
Interactive Data has continually updated the Probate Valuation service with new and improved features. The service now offers valuations for more than six million global listed securities and funds, as well as unit trusts, and takes into account undistributed dividends and interest. Valuations of hard-to-price securities are also available. The data is provided from stock exchanges, fund managers and other sources worldwide via Interactive Data’s Pricing and Reference Data business.
Geoff Walker, partner at Killik & Co, commented: "Interactive Data has developed a first-rate service; the valuations are well presented, and the service is speedy and of the highest standard. We are finding that the service increases the efficiency of our internal resources and is proving to be cost effective too."
Anthony Neville, divisional director of Interactive Data, added: “Probate valuations can be complicated and time-consuming. We have a large team of professionals who are dedicated to the production and delivery of this service, providing a turnaround time of between 24 and 48 hours. We are proud to offer a high degree of personal service at a competitive price.”
Interactive Data’s Probate Valuation service is designed for use by fund managers, private client wealth managers, stockbrokers and solicitors. Since its launch, the service has gained wide recognition as an efficient source of data, winning major clients such as Brewin Dolphin, Edward Jones and Killik & Co.