Printer Friendly

SciVantage, Inc. and GainsKeeper Form Partnership to Integrate Industry-Leading Investment Products.

Business Editors/High-Tech Writers

NEW YORK--(BUSINESS WIRE)--March 25, 2004

Integrated Brokerage Platform and Tax Lot Accounting to Provide Brokerages with Superior Tools

SciVantage, Inc., a fast-growing provider of state-of-the-art technology and middleware solutions for retail and institutional broker/dealers, today announced an agreement to integrate its TradeVantage(TM) Pro and TradeVantage(TM) Investor platforms with GainsKeeper(R), the award-winning Internet-based, automated tax lot accounting tool.

The joint technology and marketing agreement--the first such formal partnership in the brokerage software industry--is particularly notable because it will make tax efficiency an integral part of the wealth-management process, and do so in an easily achievable manner for both professional and non-professional investors.

"We view this partnership as part of our long-term vision of continuously integrating the best-of-breed services for an advanced broker productivity tool," said Adnane Charchour, President and CEO of SciVantage. "GainsKeeper's software provides the best tax lot accounting engine in the market today. Its integration with our TradeVantage platform will provide our clients with an even more proactive and powerful platform."

SciVantage's TradeVantage Pro is the front-end platform designed for brokers, customer service representatives and brokerage operations personnel to access and manage customer accounts with unsurpassed flexibility, speed and convenience. TradeVantage Investor is the most advanced trading and investment platform available to the retail investor, enabling firms to present a world-class, fully customizable web presence at an affordable cost.

GainsKeeper, the leading provider of tax lot accounting services, includes accounting for wash sales, investment cost basis adjustments and capital gain/loss calculations for the Schedule D, corporate action cost adjustments, as well as tax-smart trade advice and asset allocation.

"No other single service offers investors the same level of seamless connectivity and integration between their trading accounts and tax-liability tracking services," said Darren Goldman, SciVantage's Director of Business Development. "GainsKeeper's continued dominance in tax lot accounting tools is huge draw. Built in access to GainsKeeper tools will enable all TradeVantage clients, including brokers, advisors and investors to play a more proactive and tax intelligent role in the overall wealth management of their assets."

Cameron Routh, Vice President of Business Development for GainsKeeper, a CCH IINCORPORATED business, said that the products offered by SciVantage dovetail perfectly with GainsKeeper. "Not only do the TradeVantage products present a clean and powerful user interface, they both incorporate Web Connect, the fastest and most efficient format for investors to download their transaction and account balance data directly from their financial institution's web site. That's a big plus for a brokerage looking to make their clients' lives easier."

ABOUT SCIVANTAGE

Headquartered in New York's Financial District, SciVantage was founded in 2000 and counts some of the most prestigious brokerage firms as its clients. SciVantage is the premier provider of "next-generation" front and middle-office brokerage and mutual fund automation solutions, which leverage your existing back-office. SciVantage offers an easy, affordable, and proven suite of applications, including account opening, retail online trading, broker workstation, institutional trade processing, order routing, clearing and execution integration, money management, e-delivery, compliance, Patriot Act, and brokerage operations automation. Through its state-of-the-art workflow system and rules-based processing, risk management and compliance, SciVantage brings operational efficiencies and straight-through-processing to your overall operations - not just to your order room. Contact us to find out how leading global and regional institutions, as well as smaller securities firms leverage our systems to save money, lower risk, and provide better service to their clients. Additional information is available at www.scivantage.com, via e-mail to info@scivantage.com, or by calling 866-SCIVANTAGE.

ABOUT CCH INCORPORATED

CCH INCORPORATED, a Wolters Kluwer company, was founded in 1913, and has served four generations of business professionals and their clients. CCH GainsKeeper (gainskeeper.com), based in Quincy, Mass., is the leading provider of automated tax-based financial tools and services for the investment community and is a division of CCH. GainsKeeper Institutional Services (GKIS) provides solutions for financial institutions, enabling its partners to offer sophisticated tax lot accounting to their customers without incurring the high cost of building, maintaining, and housing the systems and operations necessary to provide institutional-quality service. GKIS serves the advisor, brokerage, mutual fund, and fund administration industries, providing solutions ranging from back-office outsourcing to fully integrated Internet-based tools and services. Additional information is available at www.GKIS.net, via e-mail to bizdev@gainskeeper.com, or by calling 617-472-3314.

For additional information about the agreement, please contact Rany Chacar, SciVantage, 646-452-0010, 866-SCIVANTAGE, rany.chacar@scivantage.com or contact Leslie Bonacum, CCH, 847-267-7153, bonacuml@cch.com
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 
Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Mar 25, 2004
Words:745
Previous Article:Selas Corporation of America Reports Fourth-Quarter and 2003 Results.
Next Article:Fitch Ratings Upgrades Salomon Brothers 2000-NL1 P-T Ctfs.


Related Articles
NOVELL PUMPS $100 MILLION INTO WHITTMAN-HART TO SPEED DEPLOYMENT OF NDS SOLUTIONS.
SMART STOPS ON THE WEB.
CFI, KEC Form Acquisition-Oriented Partnership.
Global Investment Systems Aligns with GainsKeeper to Offer Automated Wash Sale Calculations to Clients.
ShareBuilder Selects GainsKeeper to Provide Customers With Tax Lot Accounting Services.
Mind your money: getting the most out of financial-management software.
50,000 s/f Wall St. deals good news for downtown.
Metech International, Integrated Recycling Industries form partnership.
Legent Clearing's Advanced Correspondent Broker Workstation Goes Live Powered By Scivantage Professional(TM), Featuring Kenemea's Alerts...

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters