Maxit

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.

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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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

Maxit reduces tax reporting burdens and ensures regulatory compliance.

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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.

Our Advantage

How We Power Your Business