GainsKeeper in the News

Wolters Kluwer Financial Services Announces that Jefferies Has Selected GainsKeeper® for Cost Basis Reporting Compliance
Solution to Meet all Reporting Requirements Including Phase 3 Debt Functionality

WALTHAM, Mass. – Feb. 26, 2014 – Wolters Kluwer Financial Services today announced that Jefferies, the global investment bank, has selected its GainsKeeper® solution.

"Following an extensive evaluation of service providers, we chose GainsKeeper because it delivers the most extensive and centralized broad-based automated cost basis services,” said Laura Shiflett, vice president of Customer Reporting at Jefferies. “This will give us the flexibility to ensure accurate Form 1099-B reporting and help solve for the increasingly heavy reporting burden so we can focus on meeting all the needs of our customers.”

“Effective cost basis reporting compliance requires a significant commitment from an organization,” said Jim Richardson, director of Investment Compliance Solutions at Wolters Kluwer Financial Services. “It is important for us to provide our clients with an end-to-end solution to avoid the potential data quality and workflow issues inherent in multiple-vendor systems.”

Visit the Wolters Kluwer Financial Services website to find out more about cost basis reporting compliance and the GainsKeeper solution.