Silver News

Silver Brings Clarity to Cost Basis and Fee Billing

July 2017 -- To help middle-office operations professionals, advisors, and investors better understand critical and complex information, Silver Management Group, Inc. is excited to announce the upcoming release of innovative Clarity Explainers as part of its enterprise Cost Basis and Fee Billing Solutions. Designed to present a clear, step-by-step view of complicated calculations, Silver’s Clarity Explainers significantly improve operations and customer support productivity and enhance investor confidence...

Silver BPO Team Raises the Bar for Cost Basis Operations, Driving Operational Efficiency and Product Innovation

May 2017 -- Silver Management announced today that its business process outsourcing (BPO) services team successfully achieved its goal of performing accurate cost basis operations for more than one million investment accounts per full-time employee (FTE)...

Silver Expands Product Development Team, Opens Omaha Office

April 2017 -- Silver Management announced today the expansion of its product development team to accelerate delivery of several ground-breaking innovations and to capitalize on fresh waves of client demand...

New Hire Drives Innovation in Silver's Wealth Management Software Suite

February 2017 -- Silver Management announced today the addition of Teri Manton to its expanding product team. Manton joins Silver as Director of Product Management to build upon Silver's recent success in the digital wealth management space...

Silver Celebrates Silver Anniversary; Refreshes Corporate Branding and Website

October 2016 -- Silver Management announced today the 25th anniversary of the company’s founding and the launch of a new corporate brand identity and website in support of its expanding software and service offerings....

Silver and FinTech Studios Join Forces to Provide Enterprise-Class Investment Services Solutions in the Cloud

June 2016 -- Silver Management announced today its strategic partnership with FinTech Studios, Inc., a groundbreaking cloud-based platform of disruptive financial technology apps and big-data analytic products operated in conjunction with leading software companies, financial institutions, and data providers...

Silver Teams up with Interactive Data to Deliver Automated Cost Basis Solutions

August 2014 -- Silver Management and Interactive Data Corporation, a leading provider of independent evaluated pricing and reference data services, have formed a strategic relationship to provide clients with fully automated, end-to-end cost basis reporting solutions based on Interactive Data’s comprehensive global security reference data services and Silver’s industry leading Portfolio Accounting Service (PAS)...

Silver Provides Regulatory Fixed Income Cost Basis Solution

September 2013 -- In support of clients seeking to achieve compliance with the final phase of the cost basis reporting regulations, Silver Management is implementing its Portfolio Accounting Service for Fixed Income (PAS-FI) solution. PAS-FI is an adjunct processing engine that enables firms to add EESA-compliant calculation of OID, bond premium, acquisition premium, and market discount cost basis adjustments to existing portfolio accounting systems with minimal changes to current software and operational processes.

When integrated with an existing portfolio accounting solution, all cost basis processing (other than fixed income adjustments) continues to be handled normally on the existing system. PAS-FI automatically detects and applies all upstream lot adjustments with appropriate taxability and characterization, while maintaining historically accurate transactional activity as required for accurate fixed income calculations. Upstream adjustments to current or historical lot information may be made at any time — fixed income calculations are reprocessed as necessary to reflect current data.