Leading financial technology providers join
forces to offer comprehensive, one-stop solution for regulatory tax
information reporting
NEW
YORK, March 21, 2023 /PRNewswire/ -- To provide
the financial services industry with seamlessly integrated cost
basis processing and tax information reporting, global Fintech
leader, Broadridge Financial Solutions, Inc. (NYSE:BR),
has teamed with Apex Silver (formerly Silver Management Group of
Companies), a trusted provider of enterprise-class SaaS solutions
and a subsidiary of Apex Fintech Solutions, Inc. This new
comprehensive solution will provide wealth managers with a more
tightly coupled offering, thus reducing the overall cost of
ownership and improving the overall tax experience for clients.
This alliance introduces a common data sourcing and management
model making integrations seamless while providing greater
flexibility and scale.
"This collaboration provides a complete reporting solution for
complex transaction processing addressing both cost basis and tax
treatment," commented Thomas Burke,
President, Broadridge Tax Services. "Broadridge has long provided
tax data and information reporting solutions. What's new is that by
working with Apex Silver, we are bringing to market an integrated
one-stop reporting solution; that supports compliance with changing
tax regulations, new asset classes such as crypto, and
which scales rapidly in line with higher transaction volumes."
"Apex Silver offers state-of-the-art cost basis reporting
solutions with a focus on delivering industry-leading operational
efficiencies and superior client experiences," commented
Blake Henry, Chief Executive
Officer, Apex Silver. "Our cloud-based, API-driven cost basis
offering supports tens of millions of investment accounts and
multiple Tier 1 financial institutions, including several firms
that are also Broadridge tax information reporting clients. We look
forward to working on this exciting initiative together."
This collaboration of leading financial technology providers
enables banks, broker-dealers and custodians to contract with a
single vendor, Broadridge, for a truly integrated cost basis and
tax information reporting solution delivered and supported by
Broadridge's world class customer service team.
About Apex Silver
Apex Silver, formerly Silver Management Group of Companies, was
acquired and became part of the Apex Fintech Solutions platform in
August 2021. With a 30 year history,
Apex Silver is a leading SaaS provider of business and technology
solutions for the investment services industry. The team applies
decades of securities industry and software development experience,
along with a passion for solving real-world problems, to deliver
cost-effective brokerage operations and wealth management solutions
for clients. Apex Silver's SaaS solutions are currently used by
some of the world's most respected financial institutions to
accurately and securely process tens of millions of investment
accounts and trillions in assets.
About Apex Fintech Solutions
Apex Fintech Solutions is a fintech powerhouse enabling seamless
access, frictionless investing, and investor education for all.
Apex's omni-suite of scalable solutions fuel innovation and
evolution for hundreds of today's market leaders, challengers,
change makers, and visionaries. The Company's digital ecosystem
creates an environment where clients with the biggest ideas are
empowered to change the world. Apex works to ensure their partners
succeed on the frontlines of the industry via bespoke solutions
through its Apex Clearing™, Apex Advisor Solutions™, Apex Silver™,
and Apex CODA Markets™ brands.
For more information, visit the Apex Fintech Solutions website:
https://www.apexfintechsolutions.com
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech
leader with more than $5 billion in
revenues, provides the critical infrastructure that powers
investing, corporate governance and communications to enable better
financial lives. We deliver technology-driven solutions that drive
business transformation for banks, broker-dealers, asset and wealth
managers and public companies.
Broadridge's infrastructure serves as a global communications
hub enabling corporate governance by linking thousands of public
companies and mutual funds to tens of millions of individual and
institutional investors around the world. Our technology and
operations platforms underpin the daily trading of more than U.S.
$9 trillion of equities, fixed income
and other securities globally. A certified Great Place to
Work®, Broadridge is part of the S&P
500® Index, employing over 14,000 associates in 21
countries.
For more information about us and what we can do for you, please
visit www.broadridge.com.
Broadridge media contact:
Tatjana Kulkarni
+1 203-285-0766
Tatjana.kulkarni@broadridge.com
Apex media contact:
Sara
Widmann/Gwyn Hodges
Gasthalter & Co.
(212) 257-4170
apexfintechsolutions@gasthalter.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/broadridge-and-apex-silver-team-up-to-launch-new-integrated-cost-basis-and-tax-reporting-offering-301776291.html
SOURCE Broadridge Financial Solutions, Inc.