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ConvergEx to relieve tax burdens for prime clients


20 May 2013 New York
Reporter: Mark Dugdale

Generic business image for news article
Image: Shutterstock
ConvergEx Group’s 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 “to better understand and customise their tax lot closing methods”, enabling capital gain and loss allocations to be itemised “in a more efficient manner”.

"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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