GainsKeeper Press Release

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ShareBuilder Selects GainsKeeper to Deliver Automated Tax Services to Retail Customers
Tax lot accounting and portfolio management tools simplify life for investors

Boston - 11/11/04

Wolters Kluwer Corporate & Financial Services announced today that ShareBuilder® Securities Corporation, an online brokerage firm designed to make investing in the stock market easy and affordable, has selected GainsKeeper® automated tax lot accounting tools to help ShareBuilder's customers track and report their capital gains for year-end taxes.

"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, head 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 ShareBuilder

ShareBuilder ( is an online brokerage designed to make investing in the stock market simple and affordable. With no account or investment minimums, customers can choose from three automatic, dollar-based investing programs. Individual transactions start at just $4* per investment, or customers can choose from two subscription-based programs that offer multiple stock purchases at even lower costs per transaction and advanced portfolio tools. Real-Time buy and sell transactions are also available through market and limit orders. ShareBuilder Securities Corporation, a subsidiary of ShareBuilder Corporation, is a registered broker-dealer and member NASD/SIPC.

*See for complete information, including full fee schedule. Does not include real-time trades.

About GainsKeeper

GainsKeeper (, a part of Wolters Kluwer Corporate & Financial Services, is the leading line of automated tax-based financial tools and services to the investment community. GainsKeeper Institutional Services (GKIS) provides application service provider (ASP) solutions for financial institutions, enabling them to offer sophisticated tax lot accounting services to their customers without incurring the high cost of building, maintaining, and housing the systems and operations necessary to provide institutional-quality service. GKIS solutions ranging from back-office outsourcing to fully integrated Internet-based tools and services are utilized by the brokerage, mutual fund and fund administration industries.

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 €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.