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GlobeTax provides a range of services supporting the relationship management function of prime brokers. While relationship managers are always looking for new ways to improve service offerings for their clients, it can be difficult to maintain in-house the degree of knowledge required to effectively provide these offerings to clients.
This is particularly true when it comes to withholding tax, for two reasons. First, while recovering excess withholding tax is very valuable for a prime broker's clients, it's also extremely complex. Even small errors can often cause clients to miss their cash entitlements. Second, prime brokers must conform to very specific data protection and confidentiality protocols, which means that without a third party such as GlobeTax it is often impossible to gain the benefit of tax recovery for their clients.
GlobeTax’s services enable prime brokerages to overcome both these issues and make tax reclamation available to their clients as a value-added service, at no risk or direct cost to them. We provide information to be used in newsletters, articles and web sites. We provide training designed specifically for relationship managers to explain the issues surrounding withholding tax and its value to clients. We will also provide a free estimate of any client's likely cash entitlements, which may go back multiple years. GlobeTax’s unique processing solution enables prime broker clients to receive the benefit of tax recovery without violating data protection and privacy rules.
Together, our services enable prime brokers to generate added value for their clients at absolutely no cost to them. Our job is to support you in delivering the maximum benefit to your clients. We regularly hold introductory courses on withholding tax issues and our services for relationship managers. If you are a relationship manager and would like to know more, please contact us.
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