ConvergEx to relieve tax burdens for prime clients
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ConvergEx to relieve tax burdens for prime clients 20 May 2013New York Reporter: Mark Dugdale
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ConvergEx Group鈥檚 prime brokerage unit has launched Tax Optimizer to improve client control over tax liabilities.
Clients of ConvergEx Prime Services, which include hedge funds, family offices, mutual funds and investment advisors, will be able 鈥渢o better understand and customise their tax lot closing methods鈥�, enabling capital gain and loss allocations to be itemised 鈥渋n a more efficient manner鈥�.
"We maintain a constant effort to offer products that stay one step ahead of our customers' needs," said Douglas Nelson, CEO 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."
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