Scivantage Hires New Head of Tax & Analytics Sales to Support Strong Cost Basis & Tax Services Demand

Industry veteran brings expertise in spearheading new business development and building strategic relationships   Scivantage®, a FinTech 100 technology provider of Digital Wealth Management and Cost Basis solutions, today announced the addition of Ken O’Brien, formerly of SAXO Bank, expanding the sales team to handle increasing demand for the Maxit cost basis platform. Mr. O’Brien […]

Scivantage Ranked in Top 100 in American Banker’s and BIA FinTech Forward Rankings, for Third Consecutive Year

With on-going innovations including Sqope, its digital investment performance solution, Scivantage continues to reinvent the way wealth management firms leverage technology JERSEY CITY, NJ OCTOBER 19, 2016 Scivantage®, a FinTech 100 technology provider of Digital Wealth Management and Cost Basis solutions, today announces it has been named to the American Banker and BAI FinTech Forward […]

Scivantage Maxit® Infographic 2015

With over 125 million IRS 1099s processed this season alone, Maxit’s sophisticated data management capabilities continue to set it apart, processing and managing high volumes of data to ensure cost basis accuracy and data consistency with a firm’s books and records.

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Cost Basis Reporting: Beyond Cost and Straight to Reporting

As the investment industry continues meet IRS reporting requirements, firms face increasing costs for this regulatory compliance. Some firms are hoping to reduce resource requirements using additional automation for items such as corporate actions. Others are asking, “How else can I leverage my cost basis data to make this investment more valuable?” If your firm is grappling with either of these concerns, consider Scivantage Maxit.

Cost Basis Reporting Takeaway: Calculating Accruals on Transferred Debt Securities for 2015 Tax Season

The New Year traditionally marks a time when businesses look to reignite their company’s outlook and build momentum towards another successful and prosperous year. In 2015, however, brokers will once again be faced with a new wave of cost basis reporting mandates, and this isn’t something that many institutions are celebrating. For the first time, […]

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Cost Basis Reporting: Total Cost of Ownership

With compliance deadlines fast approaching, financial institutions are now looking toward new and innovative ways to get the most out of their cost basis reporting investment. From total cost of ownership initiatives to maximizing the value of data, cost basis reporting has financial institutions reevaluating their overall strategy to better balance operational, business and client […]

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Beyond Compliance: Maximizing Your Cost Basis Reporting Investment

As cost basis reporting regulations inch towards their final phase, firms are now looking beyond compliance and searching for new and innovative ways to get the most out of their investment. From total cost of ownership initiatives to maximizing the value of the data, cost basis reporting has financial institutions reevaluating their overall strategy to […]

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Top 5 Independent Brokerage Firm Maximizes Investment in Cost Basis Reporting with Scivantage Maxit® RDS

Shortly after cost basis reporting regulations were enacted, this top ranked broker-dealer implemented Scivantage’s Maxit® product to extend automated cost basis reporting across its thousands of financial advisors throughout the United States and abroad. As a robust enterprise-wide cost basis engine, Maxit provided the firm with access to fully automated cost basis data for account statements, investment inquiries […]