Taxes are a certainty.
They shouldn’t be a distraction for
your firm or your clients.

Automation. Cost Reduction. Data Control.

Scivantage is driven to deliver the leading cost basis reporting solution which makes firms compliant, reduces effort and costs through automation, and provides firms with full control and access of its clients’ cost basis data.

The Cost Basis Solution that Meets Three Key Demands

Trusted Compliance

I need a system that will get us compliant today, and will keep us compliant as regulations change.

First and foremost, a cost basis solution must help keep a firm compliant with Cost Basis Reporting regulations. Maxit’s proven solution helps over 75 firms successfully complete tax reporting, on time and accurately. Unbiased Compliance Review with a Big 4 accounting firm ensure Maxit will continue to be compliant, and our deep bench of subject matter experts ensures clients have access to experts when needed.

Lower Cost of Ownership

In today’s demanding world, lower total cost-of-ownership is vital.

Internal systems are costly to build and maintain and divert critical resources from core operations. Vendor systems are less configurable and come with expensive build-outs. Maxit solves both problems. Highly configurable, Maxit allows each firm to implement cost basis in the manner they choose, regardless of back office system or downstream consumption requirements. Maxit’s highly automated solution reduces operational costs. Multiple data delivery options give clients full control over their data and eliminates expensive buildouts.

Greater Value of Investment

I need to be certain we’re maximizing the value of our investment.

Cost basis information has become an essential part of the client experience. If treated as just an expense, Cost Basis Reporting is not giving your firm a strategic advantage. Unlike other systems, Maxit stores data in a fully-processed state, providing a continuous window into portfolio structure, and delivering this data on the fly via web services or Replicated Data Store. And with Maxit’s real-time transaction processing, your clients can better manage taxes, elevating the client experience and creating a strategic advantage for your firm.

Learn What Makes Maxit the Only Cost-Basis Solution That Meets the Demands of Business Today

Scivantage combines the best in class cost basis platform with unparalleled services and expertise. Why commit to standalone software when you can partner with the best holistic solution?

The most highly automated cost basis platform

You’re automating all parts of your business, from client-onboarding to portfolio construction and everything in between, shouldn’t you be automating your cost basis too?

Maxit® is the industry’s most highly automated cost basis solution offering invaluable services such as real-time processing, a variety of delivery methods including web services and direct database access, a powerful administrative suite and tax management tools.

Through a highly configurable platform, Maxit enables broker-dealers, mutual funds, custodians and prime brokers to streamline tax and portfolio reporting and deliver a superior client experience, while reducing operational costs and meeting regulatory requirements.

Compliant, scalable, automated and comprehensive.

Our platform provides features and services you won’t see in other solutions.

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Support and Services to Help Maximize the User Experience

The support and services Scivantage offers around the Maxit platform provide a holistic solution to streamline and simplify our clients processes.

OPERATIONS AND SUPPORT

Scivantage provides award winning business and technical support alongside its best-in-class Maxit cost basis reporting platform to ensure our clients consistently maximize the benefits of implementing and utilizing our platform.

PARTNERSHIPS

A complete cost basis solution requires integration of multiple components. Scivantage has partnerships with major back office providers and tax reporting solutions, ensuring your firm will benefit from the best end-to-end experience available.

MAXIT PLUS SERVICES

Piece-meal solutions are expensive and messy. Outsourcing just software leads to incomplete solutions that are expensive and error-prone. Scivantage offers enhanced Reconciliation, Tax Reporting, and Business Operations support that allow clients to reduce costs and redirect valuable resources to core activities.

COMPLIANCE FOCUSED

Maxit is the only cost basis system developed specifically in response to the regulations created by the passage of the Emergency Economic Stabilization Act of 2008.

  • Every element of Maxit was designed with compliance in mind
  • The industry’s deepest bench of cost basis subject matter experts ensures that compliance is maintained, regardless of specific data challenges your firm encounters
  • Secondary opinions are addressed via partnership with a Big Four accounting team of experts, ensuring that critical decisions are never left to a single individual
  • Corporate action terms and taxability are multi-sourced and reviewed by our team of corporate actions analysts, eliminating errors due to single sourced data
  • Understanding how each cost basis rule applies to specific operations of a firm is often over-looked by cost basis vendors. Scivantage works with each firm to ensure that their unique business requirements remain compliant with cost basis reporting regulations

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Industry-leading software backed by world-class expertise

Maxit’s leading software is backed by the cost basis industry’s strongest team of professionals. This unmatched level of expertise ensures clients not only benefit from the best cost basis platform available, they also have a partner to help solve their firm’s specific business challenges.

Our team of experts has a wealth of experience in the following areas:

TAX REGULATION • COST BASIS BUSINESS • IMPACT • CORPORATE ACTION PROCESSING • TAX REPORTING • RECONCILIATION • DATA ANALYTICS • DATA ARCHITECTURE • DATA MANAGEMENT • COST BASIS CONVERSIONS • BROKERAGE OPERATIONS

Greg Alves

SENIOR VICE PRESIDENT, PRODUCT DEVELOPMENT

Building on experience in corporate actions management at Fidelity Investments and as a founder of GainsKeeper, Greg is the business architect behind the development of the Scivantage Maxit cost basis platform. Responsible for business design and strategy for Scivantage portfolio analytics products, Greg leverages extensive business and product development experience in cost basis, performance, and financial services operations to help create Scivantage’s ground-breaking analytics products.

Mike Barrell

DIRECTOR, TAX & ANALYTICS

Mike is responsible for Maxit product demonstrations, product management for new implementations of Maxit, and oversight of product changes related to corporate actions and corporate actions taxation. With over 12 years experience in cost basis and operations, Mike provides firms with a vital partner in delivering the simplest, most effective solutions for all corporate action, cost basis, and data related issues.

Jennifer Choi

SENIOR BUSINESS ANALYST

Jennifer is an insightful product resource for Maxit client onboarding and responsible for documenting requirements related to new features. Jennifer’s primary objectives are to guide new clients through the conversion process, educate on product usability, and to analyze client needs to build features that enhance the Maxit user experience. Jennifer has a decade of tax reporting operations and project experience.

Job Dennison

EXECUTIVE VICE PRESIDENT, PRODUCT STRATEGY

Job is responsible for managing the product management and roadmap development for the Scivantage Maxit cost basis reporting system. Job brings to Scivantage nearly 20 years of cost basis product management experience, with hands-on expertise in the internal demands from a brokerage perspective.

Bob Linville

DIRECTOR OF COMPLIANCE

Bob is responsible for monitoring regulatory requirements and providing compliant business requirements. Bob brings 30+ years of experience in brokerage operations and cost basis regulation. Bob participates in a variety of brokerage industry groups and serves as the chairman of the FIF Cost Basis Working Group and a member of DTCC’s CBRS Steering Committee.

Ken O’Brien

SENIOR VICE PRESIDENT SALES, TAX & ANALYTICS

Ken is responsible for heading up all sales and business development efforts for the Maxit product and tax and analytics business line. He brings with him significant expertise in creating and executing impactful sales strategies and building strong strategic relationships with senior executives. He is all about the consultative sale and uses this to provide value to our clients from the beginning of their engagement with us.

Mike Pass

EXECUTIVE VICE PRESIDENT, DEVELOPMENT, QA & TECHNOLOGY OPERATIONS

Mike is the rare application development professional who understands the intricate requirements of cost basis. He manages teams responsible for the development and testing of Maxit as well as the 24/7 monitoring of the application, while providing the product team with an invaluable partner in cost basis development. Mike brings to Scivantage hands-on experience running the brokerage cost basis technology at UBS.

Cameron Routh

CHIEF COMMERCIAL OFFICER, TAX & ANALYTICS

Responsible for the strategic direction of Maxit, Cameron is an innovator who over-saw the development of the two leading independent cost basis systems. Cameron is focused on shaping the next stage in tax reporting solutions for the financial services industry through product innovation and partnerships.

Jean Saladino

VICE PRESIDENT, BUSINESS OPERATIONS

Jean is responsible for managing Business Operations at Scivantage which includes Client Services, Tax Reporting Operations and Product Research and Support. She is responsible for providing Scivantage clients with the only year-round tax reporting team combined with a cost basis solution. Jean brings to Scivantage 20 years of experience in Brokerage Operations, Cost Basis and Tax Reporting.

Philip Varghese

VICE PRESIDENT, TAX & ANALYTICS

In his role as Maxit and Cost Basis SME, Philip works with clients in defining solutions to business problems. Philip’s objective is to resolve complex client challenges, define streamlined solutions for Maxit, and work with the product team to deliver an enhanced client experience that fulfills every clients requirements.

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See how our cost basis solution can lower costs and maximize value.

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