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WALTHAM, Mass., Feb 05, 2009 (BUSINESS WIRE) -- Wolters Kluwer Financial Services announced today that its GainsKeeper(R) tax-lot accounting technology has been integrated with Firstrade Securities, Inc.'s online trading platform, offering Firstrade customers valuable new functionality in time for tax season and helping Firstrade prepare for requirements of the recently enacted cost basis reporting law.

GainsKeeper technology assists Firstrade customers with portfolio tracking, adjusting cost basis and gain/loss reports for wash sales and corporate actions, while its tax trading tools help investors manage their portfolios in the most tax-efficient manner and identify the tax impact on their investment returns. Firstrade customers are also able to easily generate a complete and accurate Schedule D for tax filing using GainsKeeper.

"By offering GainsKeeper to our customers, we are able to help them simplify the complicated tax calculations they typically face this time of year and gain access to tools that can help them make tax-smart trading decisions year-round," said Peter Gschweng, Vice President at Firstrade.

"Firstrade has built a reputation on its commitment to offer quality investment services to its customers and we are very excited that GainsKeeper has been chosen as one of those offerings," said Chuck Ross, GainsKeeper's general manager. "Firstrade customers will definitely find that GainsKeeper makes filing tax returns easier and more accurate than ever before. And since GainsKeeper's robust technology automates cost basis calculations and reporting, it will help Firstrade stay ahead of the curve in complying with the cost basis reporting law."

About GainsKeeper
GainsKeeper(R), 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, hedge 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 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(R) Mortgage Solutions, PCi, Desert Document Services(R), AppOne(R), GainsKeeper(R), Capital Changes, NILS, AuthenticWeb(TM) and Uniform Forms(TM). Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2007) EUR 3.4 billion ($4.8 billion) and approximately 19,500 employees worldwide. Please visit our Web site for more information.

About Firstrade
Founded in 1985, Firstrade is a pioneer in online trading and leads the brokerage industry with a combination of low costs and a high level of customer service for the value-driven investment portfolio containing stocks, bonds, mutual funds and options. Firstrade offers stock trades at the highly competitive rate of $6.95 each and is the only online broker that has both Traditional Chinese and Simplified Chinese Language websites and customer support. For more information on, visit www.firstrade.com.


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