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
I need a system that will get us compliant today, and will keep us compliant as regulations change.
In today’s demanding world, lower total cost-of-ownership is vital.
I need to be certain we’re maximizing the value of our investment.
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.
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.
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.
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
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:
COST BASIS REPORTING • COST BASIS BUSINESS IMPACT • TAX REPORTING • TAX REGULATION • CORPORATE ACTION PROCESSING • RECONCILIATION • DATA ARCHITECTURE • DATA MANAGEMENT • COST BASIS CONVERSIONS • BROKERAGE OPERATIONS • DATA ANALYTICS • TAX OPTIMIZATION
SENIOR VICE PRESIDENT, PRODUCT MANAGEMENT
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.
EXECUTIVE VICE PRESIDENT, SOLUTIONS
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.
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.
INFORMATION REPORTING OPERATIONS BUSINESS ANALYST
Jennifer is responsible for ensuring IRS and State regulatory compliance of tax forms and reporting components. She also provides support and user experience which includes working with our clients to consistently improve the user interface, assisting clients navigating and utilizing the site. Jennifer brings 15 years of experience in information reporting.
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.
CHIEF TECHNOLOGY OFFICER
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 the E2E tax information solutions as well as the 24/7 monitoring of the application, while providing the product team with an invaluable partner in cost basis and information reporting development. Mike brings to Scivantage hands-on experience running the brokerage cost basis technology at UBS.
CHIEF STRATEGY OFFICER
Responsible for the strategic direction of the Scivantage product solutions, 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.