GlobeTax’s MIDAS® provides investors with up to 65 basis points of risk-free operational alpha by recovering over-withheld tax through the fastest available process – relief at source, quick refund, and post-payable reclaim – under double taxation treaties, local law, and European Court of Justice ‘Discrimination’ rulings.
SERVICE OFFERING
Benefits for Investors
By outsourcing withholding tax recovery to GlobeTax, investors and investment managers can:
- Add 25-65 BPs to annual performance
- Beat their benchmarks
- Differentiate from competition
- Meet their fiduciary responsibility
WHAT WE DO
Analyze entitlements
Complete all required documents
File standard reclaim applications
Track claims and follow-up
Remit payment directly into client accounts
Assign a dedicated RM to answer questions
WHO WE SERVICE
This service benefits transparent and opaque entities such as:
- Asset Managers
- Charities
- Corporations
- Endowments
- Family Offices
- Hedge Funds
- High Net Worth Individuals
- Pensions
- Proprietary Trading Desks
- Sovereign Wealth Funds
- Trusts
- More!
Benefits for Financial Advisors
GlobeTax’s MIDAS® service helps financial advisors:
- Maximize client portfolio performance, risk-free
- Distinguish themselves from competition
- Show commitment to best practices
WHAT WE DO
Analyze entitlements
Complete all required documents
File standard reclaim applications
Track claims and follow-up
Remit payment directly into client accounts
Assign a dedicated RM to help advisors onboard new clients
WHO WE SERVICE
- Financial Advisors
- Private Wealth Managers
- Registered Investment Advisors
Benefits for financial institutions
GlobeTax’s MIDAS® service provides financial institutions with a comprehensive relief at source, quick refund and standard reclaim service that helps:
- Maximize client portfolio performance
- Outsource a risky and expensive process
- Distinguish themselves from competitors
WHAT WE DO
Identify clients most poised to benefit
Produce and lodge custom documentation packets
Monitor investor income
Make DTCC CA Web elections via ISO 20022
File standard reclaim applications where needed
Track claims and follow-up
Provide election mapping file and remit payment directly into client accounts
Assign a dedicated RM
Support audits where needed
Meet MIDAS® connect
MIDAS® Connect is GlobeTax’s industry leading reporting portal. Features of the user-friendly, web-based platform include:
WHY MIDAS®?
Low-Touch
Contingent Fees
Live Reporting Portal
Dedicated RMs
Audit Support
Testimonials
