"We found the product to be user friendly and cost effective in supporting our trust account base," said Susan D. Lane, Managing Director for Securities Servicing at Wachovia. "It provided accurate and concise information on a high percentage of capital changes."
"We are very pleased to welcome Wachovia as our latest XCB client," says Brendan P. Farrell Jr., President of XcitekCostBasis. "We have seen tremendous growth in this product since its inception in 2000. XCB has developed into a major source of cost basis and tax data and is licensed by many of the industryâs largest financial institutions. XcitekCostBasis is thrilled with the opportunity to provide an industry leader such as Wachovia with a solution that offers timely and accurate information at an affordable cost."