About Networth Services
NetWorth Services, Inc. (NWS) is a financial web application and SaaS software company that is headquartered in Phoenix, Arizona, and an office in Philadelphia, Pennsylvania. Its flagship product, Netbasis, is an award-winning cloud application that quickly and accurately determines the adjusted cost basis for securities. NetWorth Services offers a suite of cloud-based financial solutions that allow businesses and governments to work more efficiently, maintain compliance, optimize costs, and create new pathways to profit. NetWorth solutions have been adopted by many leading financial institutions, transfer agencies, tax preparation software companies, accounting firms, money managers, government agencies, Fortune 500 companies, universities, endowments and individual investors. For more information: www.netbasis.com and www.networthservices.com.
In response to the increased demand for an accurate and efficient automated cost basis calculation solution, NetWorth developed its innovative flagship product, Netbasis in 1997. The first of its kind, the complex calculations and rich data was unparalleled in the marketplace. As a pioneer in the cost basis market, NetWorth Services was first to market with several of the features and operations currently offered by other cost basis vendors today.
Over the years, NetWorth Services has formed key strategic relationships, which have provided valuable insight and positioning within the industry. Our relationship with the Internal Revenue Service (IRS) began in 2000, and ultimately NetWorth was used as a vendor to verify cost basis information for their 2001 NRP Random Audit Study, where Netbasis identified over 11 Billion in under-reported capital gains taxes, which was reported in the 2005 National Tax Gap Report. The results of that study became an integral part in spearheading the current Cost Basis Legislation. We have also formed important partnerships and strategic alliances with several large entities within the financial services industry.
The products and services offered by NetWorth Services have also evolved. Beginning with the release of Netbasis, the company has consistently released various products and services that provide solutions to the marketplace through SaaS delivery models.
Solutions developed by NetWorth Services have been adopted by many leading financial institutions, government agencies, Fortune 500 organizations, universities and endowments as well as received various industry recognition and awards such as the IRS Commissioner Award of Excellence; Smart Computing Magazine Award “Best of the Web;” Operations Magazine Nominated as “Best Utility Technology;” Golden Bridge Award “Best New Financial Product” and “Innovation of the Year Product or Service;” Stevie Awards Finalist “Best New Computer Software Product;” American Business Awards Finalist for “Best New Product and Service of the Year.”
As a software company, NetWorth Services continues to create innovative products and services that provide solutions to various segments of the financial services industry.
NetWorth Services offers an array of innovative products and services that provide real-time financial solutions to diverse segments of the financial services industry.