Broadridge and Apex Silver join forces to launch new integrated cost base and tax reporting offering

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 joined forces 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 closely linked offering, thus reducing the total cost of ownership and improving the overall tax experience for clients. This alliance introduces a common data acquisition and management model that makes integration seamless while providing greater flexibility and scale.

“This collaboration provides a complete reporting solution for complex transaction processing that addresses both cost basis and tax processing,” commented Thomas Burke, President, Broadridge Tax Services. “Broadridge has long provided solutions for tax data and information reporting. What’s new is that by working with Apex Silver, we bring to market an integrated one-stop reporting solution; supporting compliance with changing tax rules, new asset classes such as cryptoand which scales quickly 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 customer experiences,” commented Blake Henry, CEO, Apex Silver. “Our cloud-based, API-powered cost base supports tens of millions of investment accounts and multiple Tier 1 financial institutions, including several firms that are also Broadridge tax information reporting customers. We look forward to working on this exciting initiative together.”

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This collaboration between leading financial technology providers enables banks, broker-dealers and custodians to contract with a single provider, 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 uses decades of experience in the securities industry and software development, 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 fuels 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 its partners succeed at the front lines of the industry via tailored solutions through the 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 dollars in revenue, provides the critical infrastructure that drives investment, corporate governance and communication to enable better economic lives. We deliver technology-driven solutions that drive business transformation for banks, broker-dealers, capital and asset managers and public companies.

Broadridge’s infrastructure serves as a global communications hub that enables corporate governance by connecting thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. Our technology and operating platforms support the daily trade of more than the US 9 trillion dollars of shares, fixed-income securities and other securities globally. A certified Great Place to Work^®Broadridge is part of the S&P 500^® Indeks, which employs over 14,000 employees 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
[email protected]

Apex Media Contact:
Sarah Widmann/Gwyn Hodges
Gasthalter & Co.
(212) 257-4170
[email protected]

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SOURCE Broadridge Financial Solutions, Inc.