About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Xcitek Introduces Cost Basis Calculator for Institutions’ Clients

Subscribe to our newsletter

Xcitek has introduced a new Xcitek Client Cost Basis product to ease the process of clients finding out cost basis information. The client requests for this information from their brokers and advisors can be a heavy burden, particularly during the tax season, according to Xcitek. In an effort to ease this burden, the vendor has built a customizable tool that can be embedded within the broker or advisor’s website to allow clients to calculate their own cost basis. The calculation factors in all splits, spin-offs, distributions, mergers and other cost basis affecting corporate actions. According to Xcitek, the calculator can handle equity positions initiated as far back as 1900 as well as the effects of Dividend Reinvestment Plans.

Says Joseph M. Carvalhido, managing partner at Xcitek, “(Typically) the institutions only track cost basis for the top tier of its clients through use of portfolio accounting software. That leaves the vast majority of clients without access to this critical information, and the task of researching the position falls to the broker or advisor. (This product) … enables the client to do it themselves”. The client version has evolved from Xcitek’s Cost Basis Service launched in 2000 for professional users.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Building a Semantic Layer for Your Enterprise Data Estate

Date: 8 September 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The democratisation of data has encouraged engineers to think about how to make their data estates more accessible and useable for non-technical business end-users. Translating intention into data action requires careful configuration that enables consumers to mine insight, analytics...

BLOG

NeoXam Sets Sights on Narrowing Private Data Gap Between GPs and LPs

As demand for private markets data accelerates, asset allocators are finding themselves having to play digital catch up with their investor counterparts. General partners (GPs), who manage private funds and allocate capital invested by limited partners (LPs) have found themselves technologically behind the curve as institutional investors plough into the once-niche markets. But because LPs are...

EVENT

ExchangeTech Summit London

A-Team Group, organisers of the TradingTech Summits, are pleased to announce the inaugural ExchangeTech Summit London on May 14th 2026. This dedicated forum brings together operators of exchanges, alternative execution venues and digital asset platforms with the ecosystem of vendors driving the future of matching engines, surveillance and market access.

GUIDE

AI in Capital Markets Handbook 2026

AI adoption in capital markets has moved into a more disciplined phase. The priority is now controlled deployment: where AI can be used safely, where it can deliver measurable value, and how outputs can be governed, monitored and evidenced. The 2026 edition of the AI in Capital Markets Handbook examines how AI is being applied...