GainsKeeper: Press Release

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Zecco Trading Chooses Wolters Kluwer Financial Services' GainsKeeper to Meet Customers' Tax-Lot Accounting Needs
GainsKeeper Technology Will Integrate Seamlessly with Free Online Trading Site


Waltham, MA

Wolters Kluwer Financial Services today announced that its GainsKeeper® product, which provides automated tax-based financial tools and services to the investment community, will be integrated with, an online financial portal that provides investors with access to free stock trading via Zecco Trading.

GainsKeeper offers investors tools to calculate capital gains, complete the Schedule D for tax filing and make tax-smart trading decisions. Zecco customers will also have access to GainsKeeper's performance reporting tool, which provides personal performance return metrics to show if investment goals are being met. Zecco has chosen to incorporate GainsKeeper's technology with its site and will offer it to customers free of charge for the remainder of the year. Beginning in 2008, Zecco customers who would like to continue their access to the GainsKeeper tools via their Zecco account can register for a nominal monthly fee.

"We are committed to providing Zecco customers with best tools to help them make informed investment decisions," said Allard Luchsinger, COO of Zecco Holdings. "GainsKeeper supports this commitment by helping investors understand the potential tax implications of their trades, maintain accurate investment records, track their investment performance and maximize after-tax returns."

"Zecco is recognized as an innovator in online trading that helps arm investors with industry-leading tools and support," said Chuck Ross, GainsKeeper's general manager. "GainsKeeper's technology is an important resource for Zecco customers because it addresses their biggest tax-related challenges and concerns, such as tracking capital gains and adjusting the cost basis of their portfolios."

Reporting securities transaction cost basis information has become a major issue in the financial services industry, as Congress considers ways to close the nation's tax gap. The IRS estimates that underreporting of capital gains has contributed to the gap, which is why some legislators are recommending that brokerage firms and mutual funds report their clients' cost basis.

GainsKeeper automatically adjusts cost basis and gain/loss reports for wash sales and corporate actions. Its 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. Since its launch in 2000, GainsKeeper has been used to process more than 230 million trades. 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

About Zecco Holdings, Inc.
Zecco Holdings Inc. ( is the company behind, the online financial portal and community where investors have access to free stock trading. provides a valuable community-moderated space where great investing ideas can be freely shared, debated and tested.  In a field crowded by discount brokerages, the zero commission pricing and investor community on offers investors a refreshing alternative. Zecco is backed by pioneering shareholders Morten Lund of LundKenner, an early investor in Skype and Dutch telecom magnate, Marcel Boekhoorn. Headquartered in Burlingame, California, combines the best features of a financial portal, social networking community, and access to online brokerage at an attractive price: Free. Zecco/ is not a securities broker/dealer. All securities and investments are offered through Zecco Trading, a division of Equinox Securities, Inc. Member NASD/SIPC.