Scivantage Maxit

Automated Cost Basis, Tax Management and Portfolio Reporting Solution

In just a short time, brokerage firms and mutual fund companies will be required to track and report adjusted cost basis to both their clients and the IRS. Doing so will require major system upgrades to support corporate action adjustments, wash sale treatment and proper lot relief methodologies. Failure to properly address even a single component of cost basis could result in significant penalties and disgruntled clients.  Is your firm ready to comply?

Scivantage Maxit provides real-time, cost basis and tax-based investment decision support to help financial advisors and 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 IRS Schedule D for tax filing and improve investment tax decisions.

Scivantage Maxit is a web-based application that can be deployed to meet the needs of financial advisors, home office support personnel and individual investors. 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. This powerful cost basis tool offers a number of flexible deployment options, including seamless integration with your existing brokerage platforms or as a fully integrated, premium component of Scivantage Professional or Scivantage Investor.

Key Advantages

• A single platform that covers virtually every security
• Automated, real-time cost basis adjustments to reflect corporate actions, wash sales, partial sales and more
• Comprehensive data management capabilities that ensure accuracy and complete integration to your firm's book and records system
• Eliminates time-consuming, labor-intensive manual processes
• Unmatched cost basis expertise throughout every phase of the process
• Attract, retain and empower clients by offering real-time actionable and comprehensive cost basis analysis and simplified tax reporting
• Full integration with all back office systems to eliminate time consuming and costly reconciliation