Tue Sep 10 13:08:00 UTC 2024: ## GlobeTax and BetaNXT Partner to Enhance Tax Recovery Services for Financial Institutions
**NEW YORK, Sept. 10, 2024** – GlobeTax, a leading provider of tax recovery solutions, and BetaNXT, a wealth management technology and data provider, have announced a strategic partnership to streamline tax recovery services for financial institutions.
This collaboration integrates GlobeTax’s cross-border tax reclamation capabilities directly into BetaNXT’s comprehensive back-office and wealth management platform. This integration will allow broker-dealers and financial institutions on the BetaNXT platform to easily offer their clients comprehensive solutions for tax relief at source, post-payable, and expedient refunds.
“By integrating GlobeTax’s market-leading tax recovery services into our platform, we are offering our customers a seamless solution that further de-risks their operations while maximizing return on investment for clients,” said Michael Pass, President of Maxit, BetaNXT’s tax reporting and cost basis business. “This is the latest milestone in our ongoing mission to work with best-in-class partners to power the next generation of frictionless, end-to-end wealth management.”
The partnership will benefit BetaNXT participants by reducing administrative burdens, accelerating processing times, and expanding reclaim opportunities. These benefits aim to ensure that investors capture all entitlements across their global investment portfolios.
“We are thrilled to partner with BetaNXT to bring our tax recovery solutions to more investors and financial institutions across the country,” said Jonathan Sturman, Managing Director at GlobeTax. “By integrating our solutions into their platform, we are simplifying the reclaim process and empowering financial institutions to optimize returns for their clients.”
This collaboration is a significant step towards both companies’ shared vision of making tax recovery more accessible, efficient, and cost-effective.
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