Cost Basis / Portfolio Reporting

For most investors, making decisions about when to buy and sell securities has never been an easy task. Today, getting the most out of an investment requires a deep understanding of the ever-changing tax laws and ongoing management of documents just to keep up with the record keeping demands of the Internal Revenue Service (IRS). With these and other emerging tax-related requirements, financial advisors and investors are continuously searching for better ways to reduce the complexity of the already challenging investment tax decision process.

With Scivantage Maxit, our newest solution focused on automated cost basis, tax-based investment decision support and on-demand portfolio reporting, financial institutions are able to provide accurate, complete and actionable investment information to their network of financial advisors and retail customers. Scivantage Maxit provides a new, effective approach for brokerage firms, financial advisors and investors to proactively manage today’s complex tax compliance and reporting needs.

Scivantage Maxit is a web-based application that is available as a core component of Scivantage Professional and Scivantage Investor. Additionally, the solution can be integrated into a firm’s proprietary systems. Maxit’s open, flexible architecture is designed to integrate with all major back offices and select third-party software providers.

Key Advantages

• Attract, retain and empower clients by offering real-time actionable and comprehensive cost basis analysis and simplified tax reporting
• Identify new opportunities for tax loss harvesting and "tax smart" investments
• Reduce support costs through automatically generated Schedule D reports
• Minimize tax liabilities and dramatically improve after-tax results
• Provide unparalleled investment tax expertise and education
• Eliminate the time and effort required to research corporate actions and to identify wash sales
• Full integration with all back office systems to eliminate time consuming and costly reconciliation