Saxo Markets has entered into a new partnership to provide an institutional grade reporting service.
The partnership with Sharesight will deliver an integrated recordkeeping service for self-directed investors.
Saxo described the initiative as "open banking-like" in its approach.
Through an open API (application program interface) Saxo clients in Australia will be able to create share trading summary reports with one click.
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The joint solution means investors will be able to easily obtain reports for performance tracking and tax purposes.
Saxo chief executive Adam Smith said: "Our integration with Sharesight is a natural fit as both of our companies are committed to providing self-directed investors with tools that are often only available to professional investors."
"This integration also makes tax reporting easier for our clients, providing a seamless solution to reduce the ongoing burden of tax administration."
Sharesight also stands to benefit from the partnership with the Saxo integration exposing clients to a platform offering access to 36 international exchanges and over 40,000 instruments.
Sharesight chief executive Doug Morris said: "Sharesight clients have tended to have a high portfolio weighting to Aussie shares and are not that exposed to global investing opportunities. Given this local bias, we see our alliance with a Saxo as highly beneficial for our clients."
Investors trading with Saxo will now be able to give their accountants access to trading records via Sharesight - this should streamline much of the manual work that goes into tax reporting.
Sharesight's online portfolio tracker is used by over 100,000 investors in over 90 countries - it syncs with brokers to track trades, dividends and corporate actions automatically.