Maxit
A market-leading, tax and cost basis service supporting front-, middle-, and back-office reporting and management requirements.
Our Advantage
Combining technology and scale with decades of experience, Maxit provides real-time cost basis and tax capabilities across front, middle, and back offices. Clients can automate regulatory reporting and access modern APIs and UI, enabling integration of tax information into all workflow functions that support investors and advisors.
How We Power Your Business
Maxit delivers a four-pronged approach: cost basis reporting, tax information reporting, tax optimization, and managed services. These components can be delivered holistically or individually as standalone offerings and can be supplemented with managed services to streamline processes.
Cost Basis Reporting
As a cost basis processing engine, Maxit is a highly automated, back-office agnostic solution that offers flexibility to meet every business model. Whether data is pushed or pulled, there is an option that fits.
Tax Information Reporting
Maxit delivers comprehensive tax information reporting and managed services to increase accuracy, reduce corrections, improve client service, and lower tax season expenses.
Tax Optimization
Maxit’s tax dashboard and interactive tools — as well as reports, insights, and alerts — provide an intuitive and transparent account snapshot to identify investment opportunities at the most tax-beneficial moment.
Managed Services
Maxit offers reconciliation services for cost basis and tax reporting, tax information reporting operations, and streamlined business operations support.
Maxit Tax Score
Advisors and investors can assess the tax profile of an account or household via an intuitive and simple to use score. Generate a score, review the details and learn how to improve the tax score by making tax efficient, guided investment decisions.
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Maxit by the Numbers
15+
Years of
Experience
70M+
Accounts
Serviced
~35M
Forms
Processed
2B
Transactions Sent
to the IRS
Automate the operational burden of tax reporting and cost basis accounting with Maxit.
Maxit delivers a four-pronged approach: cost basis reporting, tax information reporting, tax optimization, and managed services.
Download Fact Sheet
Updates and Enhancements
Real-Time Reconciliation
We continue to expand real-time processing capabilities to deliver enhanced speed and accuracy. Position reconciliation and transaction error reporting updates are provided in real time, as are edits to tax data. New API enhancements allow clients to execute specific lot selection in real time.
Multicurrency
We have made updates to market value and foreign exchange tracking, along with front-end enhancements to realized and unrealized gains/losses. Clients can toggle between — and evaluate — gains and losses in both US dollars and applicable local currencies.
Daily Income Reclassification
With integrated income reclassification in our tax reporting solution, we capture and process factors daily, generating income transactions and cost basis adjustments. Basis updates pass seamlessly between our cost basis and tax information reporting systems.