ConvergEx Launches Tax Liability Tool

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.
 


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of