About a-team Marketing Services
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

Recorded Webinar: The ROI of Data Trust: Quantifying the Business Value of Data Observability

Data is the fuel that keeps modern financial institutions’ motors running but if that data can’t be trusted then the decisions made based upon it, or the uses to which its put, will be compromised. That’s especially important for data that’s fed into artificial intelligence models. If the data isn’t clean, accurate and complete, then...

BLOG

Data Challenge in Private Credit Highlighted by FSB and Experts

The Financial Stability Board’s (FSB) call for better data provisions within private credit has highlighted a gnawing pain in the side of the rapidly growing market. The global watchdog, which was formed after the global financial crisis to help ensure another recession didn’t happen, partly blamed the lack of visibility into the loans and assets...

EVENT

AI in Data Management Summit New York City

Following the success of the 15th Data Management Summit NYC, A-Team Group are excited to announce our new event: AI in Data Management Summit NYC!

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...