Reviews & Profile for SoftPak Financial Systems

SoftPak is an established full-scale fintech software development company which started back in 1994. Developing innovative products for the financial industry with a unique approach to always listening to its customers and working very closely with development teams to deliver a unified product – Partnering with clients to identify the need and designing efficient, cost-effective solutions. Headquartered in Sudbury, Massachusetts, SoftPak has offices worldwide with the best in cutting-edge financial practices.

SoftPak client portfolio has competing priorities that must be balanced to deliver holistic advice. These include keeping all positions within their tolerance bands, honoring any restrictions, and minimizing the overall tax bill. 

There are a number of options when prioritizing the tax consequences:
 
1. Losses First – prioritize selling positions that have an unrealized loss.
2. Gains First – prioritize selling positions that have an unrealized gain.
3. Zero Gain-Loss – optimize the rebalance to net the gains and losses as close to zero as possible.

Most fintech software development companies have the first two, SoftPak however, adheres to the best software development practices and has a Zero Gain-Loss option as it requires a highly sophisticated engine that can evaluate hundreds of scenarios and select the one that comes closest to net zero.
 
SoftPak in conclusion is one of the leading developers of full-scale software development with their universal rebalancer application (UREBAL) using a pair-wise swapping algorithm to get optimal results for any portfolio. Their tried-and-tested technology is one of their main selling points, making them stand out in the industry. Processing over 500 billion annual trades and thousands of accounts in just minutes while providing electronic trading connectivity to major custodians is why their business is a trusted partner for clientele everywhere!