SILVER SOLUTIONS
Unlike legacy cost basis vendors or homegrown solutions, Silver Cost Basis ensures regulatory compliance at a demonstrably lower total cost of ownership (TCO).
Unlike competitive start-up or homegrown cost basis solutions, Silver Cost Basis extends its experience and leadership position in securities cost basis processing to the cryptocurrency industry.
Unlike competitive “all-in-one” or homegrown solutions, Wealth Harmony empowers investment firms and related service providers to quickly and cost-effectively grow their businesses by offering their own unique wealth technology platforms.
SILVER NEWS
October 2020 — Silver announced numerous improvements to its best-in-class cost basis platform, further reducing total cost of ownership and enhancing client experience for cost basis processing and tax reporting. Silver enhanced its fully automated corporate action processing, detailed fixed income amortization and accretion statements, and comprehensive modern API for real-time access to cost basis data…
July 2020 — There is no doubt that these last few months have been exceptionally disruptive. In one way or another, we have all been forced out of our comfort zones. As we work together to overcome the great adversity of these uncertain times, I sincerely hope that each of us can also discover a silver lining…
A message from our CEO…
“It’s only after you’ve stepped outside your comfort zone that you begin to change, grow, and transform.” — Roy T. Bennett
There is no doubt that these last few months have been exceptionally disruptive. In one way or another, we have all been forced out of our comfort zones. As we work together to overcome the great adversity of these uncertain times, I sincerely hope that each of us can also discover a silver lining.
Personally, I am finding much more time to connect with my wife and four children. Regular family dinners, movie nights, driveway pickleball tournaments, and an organized garage are welcome changes – particularly as my kids prepare to leave for their colleges and ballet school in Austin, Boulder, Miami, and San Francisco. We are making the most of this extra time together.
Professionally, thanks to the fortitude and efforts of the entire Silver team, our business is also experiencing a bright side during these challenging times. Silver Cost Basis is seeing unprecedented interest from firms seeking to transform their legacy cost basis operations by significantly reducing operating expense and enhancing the client experience. Similarly, Silver Wealth Technologies is growing exponentially as wealth tech platform owners are leveraging Wealth Harmony to quickly and cost-effectively grow their businesses.
Like all of you, I look forward to better days ahead. Stay healthy!
Blake Henry, CEO
Silver News…
Voyager partnered with Silver Cost Basis to deliver year-end cryptocurrency gain/loss statements to its customers
Silver’s Neal Ruskin invited to discuss tax reporting challenges and solutions at SIFMA’s Global Tax Reporting Symposium in October
A message from our CEO…
“It’s only after you’ve stepped outside your comfort zone that you begin to change, grow, and transform.” — Roy T. Bennett
There is no doubt that these last few months have been exceptionally disruptive. In one way or another, we have all been forced out of our comfort zones. As we work together to overcome the great adversity of these uncertain times, I sincerely hope that each of us can also discover a silver lining.
Personally, I am finding much more time to connect with my wife and four children. Regular family dinners, movie nights, driveway pickleball tournaments, and an organized garage are welcome changes – particularly as my kids prepare to leave for their colleges and ballet school in Austin, Boulder, Miami, and San Francisco. We are making the most of this extra time together.
Professionally, thanks to the fortitude and efforts of the entire Silver team, our business is also experiencing a bright side during these challenging times. Silver Cost Basis is seeing unprecedented interest from firms seeking to transform their legacy cost basis operations by significantly reducing operating expense and enhancing the client experience. Similarly, Silver Wealth Technologies is growing exponentially as wealth tech platform owners are leveraging Wealth Harmony to quickly and cost-effectively grow their businesses.
Like all of you, I look forward to better days ahead. Stay healthy!
Blake Henry, CEO
Silver News…
A message from our CEO…
Silver’s corporate vision ~ Financial Independence For All ~ The Bruce Williams Show on the radio. It led me to start this company in 1991. Today, it motivates the entire Silver team to deliver on our corporate mission to enable secure and timely access to trusted financial information. Here is how we are doing it:
- The “race to zero” trading commissions is forcing brokerage service providers to reduce costs and scale their operations. Last year, our clients converted millions of investment accounts from competitors’ legacy cost basis systems onto our modern Silver Cost Basis solution, dramatically improving their operational efficiencies and saving millions of dollars each year.
- Advisory fee compression and the growth of digital wealth solutions are driving wealth managers and their technology partners to do more for less. Last year, Silver launched Wealth Harmony – the first-of-its-kind, foundational wealth data platform – to maximize operational efficiencies, deliver value-add analytics and functionality, and turbocharge our clients’ unique wealth management solutions.
- Increasing regulatory scrutiny around the emerging cryptocurrency asset class is compelling digital currency brokers, exchanges, and platform providers to step up their compliance efforts. Silver Cost Basis supports our clients by providing fully compliant processing for every cryptocurrency event, including coin/fiat trades, coin/coin trades, payments, transfers, and income from hard forks, airdrops, mining, staking, and stablecoin interest.
It is often said that change brings opportunity, and there is certainly no shortage of change in the investment services industry. I’m eager for Silver and our clients to capitalize on those opportunities in 2020. Thanks!
Blake Henry, CEO
Silver News…
A message from our CEO…
Things are not always what they seem. Plato’s well-known quote was the theme of Silver’s recent client appreciation event in New York City where our clients, partners, and employees enjoyed a memorable evening with great company and world-class illusionist Alex Voz. It is no exaggeration that Alex transformed a room full of skeptics into believers.
We regularly face a similar challenge at Silver. Our clients seek to grow their businesses by improving customer experience, increasing operational efficiency, and lowering costs. Although Silver’s comprehensive business & technology solutions (which are designed to achieve all of these client objectives) are initially met with skepticism, the Silver team consistently delivers success for our clients (on-time and within budget). This is why clients choose Silver!
Blake Henry, CEO
Silver News…
Silver Cost Basis and Sovos Partner to Offer End-to-End Tax Information Reporting for Cryptocurrency
Harmony, Silver’s Unified Data Solution, Enables Efficient, Consistent, and Secure Digital Wealth Management Platforms
Silver is a proud sponsor of the SIFMA Global Tax Reporting Symposium in New York City (October 23-24)Why wait?
CONTACT USSILVER TEAM
As Managing Partner (Business), Blake is responsible for establishing and enriching client relationships, identifying opportunities for partnerships and growth, and overseeing all aspects of Silver’s business operations. Since founding the company in 1991, Blake has successfully led development and deployment of numerous enterprise-scale brokerage processing solutions. Prior to founding Silver, he was a Computer Programmer for IBM Corporation and CACI Field Services. Blake earned his B.S. in Economics at the Wharton School of the University of Pennsylvania with concentrations in Marketing and Decision Science.
As Managing Partner (Product), Neal is responsible for Silver’s suite of investment services processing software. An acknowledged expert in cost basis portfolio accounting and investment tax reporting, he guides Silver’s interpretation of IRS regulations and related statutes, serves as an industry thought leader, and is a frequent speaker at various tax conferences. Prior to joining Silver, he served as Chief Enterprise Architect at TD Ameritrade and Technical Director at CheckFree Investment Services (now Tegra118). Neal earned his M.A. in Industrial Design and Human Factors from The Pratt Institute and his B.A. in Political Economics from Princeton University.
As Managing Partner (Technology), Rob is responsible for all technical aspects of Silver’s brokerage processing software and related infrastructure services. He heads a team of highly-skilled and experienced software development professionals in technical design, application architecture, research and development, software deployment, technical operations, and information security. Prior to joining Silver in 1999, Robert served in various technology positions with CheckFree Investment Services (now Tegra118), Prudential Investments, ILX Trading Systems (now Refinitiv), and Brown Brothers Harriman. Robert earned his B.S. in Computer Science from the State University of New York at Stony Brook.
The Silver team applies decades of securities industry and software development experience along with a passion for solving real-world problems to deliver cost-effective brokerage operations, cost basis reporting, and wealth management solutions for our clients.
SILVER MANAGEMENT GROUP OF COMPANIES
SILVER VISION
Financial
Independence
For All
SILVER MISSION
Enabling secure and timely access to trusted financial information
WE ARE SILVER
We deliver seamless, scalable business and technology solutions for investment services companies – Silver Solutions.
Our employees apply decades of securities industry and software development experience along with their passion for solving real-world problems.
Our strategic partners provide complementary services, software, and market data to enhance our solutions.
Our clients trust our deep knowledge of brokerage operations, cost basis reporting, and wealth management.
They value our understanding of their internal processes, systems, and environments.
And, they appreciate our adaptable software that integrates seamlessly with their technical infrastructure and scales to meet their specific business needs.
This is why clients choose Silver.
Why Silver Solutions are processing tens of millions of investment accounts and trillions in assets.
And why, after nearly 30 years in business, Silver continues to deliver superior value for our clients.
