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Scivantage MaxitAutomated Cost Basis, Tax Management and Portfolio Reporting SolutionIn 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
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