Cost Basis Automation

• Scivantage Maxit
• Data Management
• Cost Basis Expertise

Scivantage Maxit™

Scivantage Maxit provides real-time, cost basis and tax-based investment decision support to help financial advisors and individual investors minimize tax liabilities and increase after-tax performance. Developed by experts in the tax compliance and cost basis software field, Maxit is the most comprehensive, automated cost basis and portfolio tax reporting system available—delivering a full range of tools designed to help clients track capital gains, generate Schedule D for tax filing and improve investment tax decisions.

Scivantage Maxit is a web-based application that meets the needs of financial advisors, home office support specialists and individual investors alike. Say goodbye to manual processes for monitoring and updating client accounts: Maxit provides an automated solution that provides accurate, timely investment information you won't find anywhere else—all in real-time.

Implementation is easy, thanks to Maxit's open, flexible architecture that easily integrates with all major back offices and third-party software solutions. Deploy Maxit and you'll immediately benefit from:

• A single platform that covers virtually every security
• Adjusted Cost Basis Tracking & Reporting - automated, real-time cost basis adjustments to reflect corporate actions, wash sales, partial sales and more
• Data Management Capabilities that ensure accuracy and complete integration to your firm's books and records systems
• Removal of time-consuming, labor-intensive manual processes
• Unmatched Cost Basis Expertise throughout every phase of the process

Key Features of Scivantage Maxit:

Portfolio Management & Tracking
Support for stock, mutual funds, index and stock options, ETFs, bonds and futures
Wash sale flagging, calculation and deferral
Detailed tax-lot drill down showing everything from the disposals made out of the tax-lot, cost basis, adjustment due to corporate actions and wash sale - plus adjusted cost basis linked to the tax-lot with transaction details and revision date
Calculate proper lot relief methods including FIFO, LIFO, Specific ID, MaxGain and Average Cost and MinTax™, a tax efficient method available only with Maxit
Corporate Actions
Automatic support for corporate actions across a client's account while maintaining cost basis integrity
Corporate events supported include: Split/Reverse Split; Rights/Warrants; Stock Dividend; Merger with or without cash; Spin off; Dividend/Dividend reinvested; Redemptions/call; Cash-in-lieu
Accounts for cost basis changes due to voluntary corporate actions
Tax Management & Reporting
Tax lot matching and short-term/long-term characterization
Real-time, actionable trade analysis of short- and long-term gain/loss opportunities
Real-time, actionable trade analysis of short- and long-term gain/loss opportunities
Customized tax reports for realized and unrealized gains/losses, IRS Schedule D

For more information about Scivantage Maxit, click here