Thursday, 18 September 2014
Last updated 30 min ago
May 16 2013 | 10:02am ET
Trading software specialist ConvergEx Group has launched a new tax liability tool.
The Tax Optimizer helps customers better understand and customize their tax lot closing methods, allowing them to itemize their capital gain and loss allocations in a more efficient manner.
“We maintain a constant effort to offer products that stay one step ahead of our customers’ needs,” said Douglas M. Nelson, chief executive officer of ConvergEx Prime Services. “While the 2013 tax reporting season may seem like a far off event, customers would be wise to begin planning for it now so they are fully prepared come next April.”
This new tool gives customers the ability to run what-if scenarios to see how different closing methods might affect their tax liability. A comparative gain loss report offers detailed explanations of the variances in the closing methods and lets customers choose the most efficient closing methods for their specific funds. By using these various tax accounting methods, customers have the ability to maximize their net returns by minimizing their tax liability.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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