Silver's Advisor Harmony Pilot Program to Provide Open Digital Wealth Platform for Shareholders Service Group (SSG)

October 2019 -- Silver announced an exclusive pilot program of its Advisor Harmony solution for select independent registered investment advisors (RIAs) that use the brokerage and custodial services of Shareholders Service Group (SSG). Advisor Harmony provides an open digital wealth platform that grows and adjusts to meet the unique needs of each individual advisory firm -- regardless of its size or type of offering...

Silver Cost Basis and Sovos Partner to Offer End-to-End Tax Information Reporting for Cryptocurrency

September 2019 -- Silver has partnered with Sovos to offer a fully integrated cost basis and tax reporting solution for the cryptocurrency market. Joint clients of Silver and Sovos will avoid the risks of impending regulations through real-time cost basis and full information reporting automation...

Harmony, Silver's Unified Data Solution, Enables Efficient, Consistent, and Secure Digital Wealth Management Platforms

July 2019 -- Silver announced the latest release of its powerful Unified Data solution along with its groundbreaking Harmony platform for wealth managers, investment advisors, and best-of-breed application developers...

Bill Scott Joins Silver

William Scott, Pioneer in Tax Information Reporting, Joins Silver Management Group of Companies

June 2019 -- Silver announced the addition of William Scott as Senior Advisor to its executive management team. Scott joins Silver to assist with client engagements, to advance product and business development initiatives, and to share his extensive brokerage operations and tax expertise...

FinMason and Silver Wealth Technologies Announce Strategic Partnership

June 2019 -- FinMason has partnered with Silver Wealth Technologies. FinMason's real-time API will be used to deeply integrate investment calculations into Silver's innovative wealth data unification platform, enabling advisors and wealth managers to access analytics on any publicly-traded security in the world...

Brinker Capital Selects Silver Wealth Technologies' Portfolio Data Solution

January 2019 -- Silver Wealth Technologies' solutions align with Brinker Capital's growing business by delivering ultra-scalable, high-quality data normalization within investment services datasets. Additionally, it streamlines processing and workflows, simplifies relationship management, surfaces key analytics and investor demographics, and provides a core set of skills adapting complex datasets for multi-currency portfolio accounting and other FinTech functionalities...

Silver Wealth Technologies: A Deep History in Consulting and Portfolio Accounting Platforms

December 2018 -- Senior Director of Product Development & Development, Jason Vogel, discusses Silver Wealth Technologies' software solutions and why Silver can help firms update their data structures to take advantage of third-party systems while not losing control of their data...

Voyager to Offer Cost Basis Tax Analysis, Reporting for Customers Trading Crypto Assets

October 2018 -- Voyager will further enhance the user experience by providing real-time realized and unrealized gain/loss analysis and fully compliant investor tax information, through its integration with Silver's cryptocurrency cost basis processing solution...

Silver Combines Taxpayer Choice and Regulatory Treatment for Cryptocurrency Cost Basis

July 2018 -- Developments in blockchain and cryptocurrencies continue at a relentless pace and are increasingly drawing the attention of regulators. While competing opinions have emerged as various regulators have viewed cryptocurrencies, ICOs, and tokens through their own lenses, global tax authorities including the IRS and the HMRC in the United Kingdom have issued informal guidance that brings many aspects of cryptocurrency activity under established taxation rules. Other aspects remain uncertain...

RedBlack and Silver announce Strategic Alliance

May 2018 -- RedBlack and Silver announced that they have formed a strategic alliance to improve client workflows and streamline complex fee and billing processes. The partnership will enable RedBlack clients to use Silver's Fee Billing solution to generate fees using flexible fee methodologies, schedule assignments, exclusions and discounts. The solution automates manual billing processes, prevents intra-period fee leakage and provides detailed reports that explain revenue and investor demographics...

Silver Fee Clarity Takes the Guesswork Out of Asset-Based Investment Management and Advisory Fees

February 2018 -- Advisory asset-valuation fee calculations can be far from obvious - particularly when trying to understand fee amounts based on multiple interacting UMA-sleeve and asset class schedules with numerous breakpoints, overrides, and exclusions. To help operations professionals, advisors, and investors better understand critical and complex fee information, Silver is excited to announce the release of Fee Clarity - an innovative fee explainer - as part of its enterprise Fee Billing Solution...

Silver Adds Cost Basis Support for Bitcoin and Other Cryptocurrencies

January 2018 -- Silver announced the addition of cryptocurrency support in its cost basis and tax reporting solutions. Last December's listing of Bitcoin futures on the CBOE Futures Exchange and Chicago Mercantile Exchange marked another milestone in the mainstream adoption of cryptocurrencies, also known as digital or virtual currencies, as an alternative investment vehicle...

CIO Review Selects Silver Among the 20 Most Promising Capital Markets Technology Solution Providers of 2017

December 2017 -- CIO Review Selects Silver Among the 20 Most Promising Capital Markets Technology Solution Providers of 2017

Industry Veteran Herb Green Joins Silver Executive Team

September 2017 -- Silver announced the addition of Herb Green as Principal Consultant and Senior Advisor to its executive management team. Green joins Silver to lead client engagements relating to tax & withholding compliance and to share his extensive brokerage operations and tax experience in support of Silver’s cost basis software and services...

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 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 announced 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 announced 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 announced 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 announced 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 announced 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 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 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.