GainsKeeper Press Release

Wolters Kluwer Financial Services Introduces GainsKeeper REIT Reporting Tool
Web-based Tool Alleviates Tax Stress for Mutual Funds, Hedge Funds and Brokers


Waltham, MA

Wolters Kluwer Financial Services today released the GainsKeeper® REIT Reporting Tool, a Web-based solution designed to track, calculate and report on all relevant tax adjustments related to Real Estate Investment Trust (REIT) securities.

REITs are securities that trade like stocks and invest in real estate through mortgages or property. Because they receive special tax considerations, it is possible for the tax character of distributions made by REITs to change at the end of the year. Mutual funds, ETFs, hedge funds and individual investors investing in REITs need to account for the changes in tax character when filing their tax returns, but the process is complicated by the fact that REITs generally report their tax information at or about the same time mutual funds, hedge funds and brokers are required to report it to investors.

"This is a major challenge for these tax professionals, who have a very limited amount of time—usually a few weeks or less—to process REIT reallocation data for their shareholders' tax reporting," explained Chuck Ross, general manager, GainsKeeper. "The GainsKeeper REIT Reporting Tool alleviates this stress by automatically importing and calculating this data for them. This eliminates the pain of manual calculations at tax crunch time and throughout the rest of the year."

A Web-based application, the GainsKeeper REIT Reporting Tool imports REIT distribution data, including Return of Capital (ROC), IRS Section 1250 and long-term capital gain (LTCG) rates, to a client portfolio. It also reports on basis adjustments related to securities sold within the reporting time period, and provides a holdings report that details cumulative adjustments on a lot-by-lot basis.

"Our goal is to simplify the most difficult tax-reporting challenges facing financial institutions and individual investors," said David Stephens, executive vice president of the Securities and Insurance unit at Wolters Kluwer Financial Services. "The GainsKeeper REIT Reporting Tool is yet another way we can help financial professionals save time and resources, and enable them to better serve their clients."

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

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 Wolters Kluwer Financial Services is a unit of Wolters Kluwer, a leading global information services and publishing company. For more information, visit