NEW YORK, Nov. 11, 2004 (PRIMEZONE) -- Wolters Kluwer announced today that ShareBuilder(R) Securities Corporation, an online brokerage firm designed to make investing in the stock market easy and affordable, has selected GainsKeeper(R) automated tax lot accounting tools to help ShareBuilder's customers track and report their capital gains for year-end taxes. GainsKeeper (www.gainskeeper.com), a part of Wolters Kluwer's Corporate & Financial Division, is a leading line of automated tax-based financial tools and services to the investment community.
"At ShareBuilder, our small investor customers benefit from a low-cost, easy-to-use, and automatic investing solution for building long-term investment portfolios," Harold Zeitz, ShareBuilder's chief operating officer and chief marketing officer, said. "GainsKeeper automated tax lot accounting tools will help our customers maximize their after-tax returns and minimize time and energy needed to accurately fill out their tax forms."
The GainsKeeper system automatically calculates ShareBuilder customers' tax liabilities in their ShareBuilder accounts. It also alerts them to the impact of wash sales and other events, which can affect their taxes.
In addition, ShareBuilder customers can easily download historical transactions into the GainsKeeper system, where it automatically updates the cost basis of positions to reflect wash sales and corporate actions, such as mergers and splits, leading to accurate capital gains calculations.
"We look forward to working closely with ShareBuilder to provide their customers with our best-of-breed tax analysis tools," stated Cameron Routh, vice president of partner relations for the GainsKeeper line. "ShareBuilder customers can now effectively track and report their capital gains for year-end taxes as well as manage their portfolios for year-round tax efficiency."
About Wolters Kluwer Corporate & Financial Services
Wolters Kluwer's Corporate & Financial Services Division is a leading U.S. provider of representation, search and filing services to corporate legal departments and law firms, and compliance and operational tools, technology and services for financial services organizations of all sizes. Major brands include Bankers Systems and CT Corporation. The Wolters Kluwer Corporate & Financial Services Division has annual revenues (2003) of Euro 448 million.
Wolters Kluwer is a leading multinational publisher and information services company. The company's core markets are spread across the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. Wolters Kluwer has annual revenues (2003) of Euro 3.4 billion, employs approximately 18,750 people worldwide and maintains operations across Europe, North America and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its depositary receipts of shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
Media Peggy Wilson Director of Corporate Marketing Communications Wolters Kluwer Corporate & Financial Services Division t + 1 800-397-2341, Extension 5260 peggy.wilson@bankerssystems.com Caroline Wouters Vice President, Corporate Communications t + 31 (0)20 6070 459 press@wolterskluwer.com Investors/Analysts Oya Yavuz Vice President, Investor Relations t + 31 (0)20 6070 407 ir@wolterskluwer.com www.wolterskluwer.com www.gainskeeper.com
All trademarks are property of their respective owners.
-0- -0-