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GlobeTax’s MIDAS® provides investors with up to 50 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 25-50 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

WHY MIDAS®?

Low touch

Low-Touch

Powers of attorney enable GlobeTax to manage the process end-to-end
Contingent Fees

Contingent Fees

Clients pay nothing until GlobeTax successfully recovers funds
Reporting Portal

Live Reporting Portal

Our MIDAS® Connect portal interactively displays benefits received
Dedicated RMs

Dedicated RMs

Answer client questions and maximize entitlements
Audit Support

Audit Support

Reduces risk of fund claw-back in event of an audit

Testimonials

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