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GainsKeeper Press Release

GainsKeeper FundTax Automates Wash Sale Calculations for Integrated Investment Services

Tool Frees Resources While Helping Improve Accuracy

12/6/06

Minneapolis, MN

Wolters Kluwer Financial Services today announced that Integrated Investment Services, Inc., a member of Western & Southern Financial Group®, has adopted GainsKeeper® FundTax™, an automated tax lot service, to automate wash sale calculations for select mutual fund clients.

Calculating wash sales can be a time-consuming process and particularly complicated for fund administrators, who must calculate and verify loss deferrals and basis adjustments in order to generate accurate fund distributions. FundTax, the only tax lot accounting service with fully-automated wash sales, helps fund companies and third-party processors simplify the audit process and eliminate manual tracking of wash sales adjustments.

"Wash sale calculations can be complicated and labor-intensive, and can become an overwhelming task for fund services providers," said Chuck Ross, general manager of GainsKeeper. "FundTax relieves financial institutions from manually tracking wash sales while increasing efficiency and accuracy."

"FundTax expedites the wash sale calculation process, which is critical during excise season," said Steve McCabe, vice president, Integrated Investment Services. "By reducing the need for manual calculations, we're able to dedicate more of our time and resources to our clients."

Integrated successfully implemented FundTax this quarter.

About GainsKeeper

GainsKeeper®, a part of Wolters Kluwer Financial Services, provides automated tax-based financial tools and services to the investment community. GainsKeeper's solutions enable financial institutions to offer sophisticated tax lot accounting services to their customers, ranging from back-office outsourcing to fully integrated, web-based tools and services utilized by the brokerage, mutual fund, and fund administration industries. In addition, GainsKeeper offers products designed specifically for individual investors and accountants to meet their complex tax reporting and portfolio analysis needs. For more information, visit http://www.gainskeeper.com.

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization's prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, GainsKeeper®, CCH® Capital Changes, NILS INSource®, AuthenticWeb™, CCH Wall Street and GulfPak. Wolters Kluwer Financial Services' solutions include integrated and stand-alone compliance and work flow tools, documentation, analytics, authoritative information, and professional services. Customers include banks, credit unions, mortgage lenders, securities, and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com. Wolters Kluwer Financial Services is a division of Wolters Kluwer, a leading global information services and publishing company. For more information, visit www.wolterskluwer.com.
 
About Integrated Investment Services, Inc.

Integrated Investment Services, Inc. (Integrated) is a Cincinnati-based mutual fund servicing company which provides fund administration, fund accounting, transfer agency and distribution services to a growing list of mutual fund families throughout the country. Integrated seeks to forge lasting relationships with clients by providing superior service and continually strengthening its management depth, technology base and capital structure. Integrated is a member of Western & Southern Financial Group. For more information, please visit www.integratedinvestmentservices.com.

About Western & Southern Financial Group®

Western & Southern Financial Group (W&SFG) is a Cincinnati-based diversified family of financial services companies with assets owned and under management in excess of $40 billion. A Fortune 500 company, W&SFG has received A.M. Best's highest rating of A++ Superior for financial strength, is one of the 10 highest rated life insurance groups in the world based on Standard & Poor's ratings, and is consistently recognized by Moody's and Fitch for financial strength and sound management. With a heritage dating to 1888, the group's affiliates include The Western and Southern Life Insurance Company, Western-Southern Life Assurance Company, Capital Analysts Incorporated,1, 2 Columbus Life Insurance Company, Eagle Realty Group LLC, Fort Washington Investment Advisors, Inc.,1 Fort Washington Savings Company,3 IFS Financial Services, Inc., Integrated Investment Services, Inc., Integrity Life Insurance Company, The Lafayette Life Insurance Company, National Integrity Life Insurance Company, Todd Investment Advisors, Inc.,1 Touchstone Advisors, Inc.,1 and Touchstone Securities, Inc.2 For more information, visit www.westernsouthern.com. W&SFG is the title sponsor of the Western & Southern Financial Group Masters and Women's Open tennis tournaments.
 
1 A registered investment advisor.
2 A registered broker-dealer and member NASD/SIPC.
3 Member FDIC.

Ratings refer to the financial strength of the insurance company and not to the safety, stability or performance of any investment product.
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