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Wolters Kluwer Financial Services Announces that Jefferies Has Selected GainsKeeper® for Cost Basis Reporting Compliance

February 26, 2014

Solution to Meet all Reporting Requirements Including Phase 3 Debt Functionality

WALTHAM, Mass.--(BUSINESS WIRE)-- Wolters Kluwer Financial Services today announced that Jefferies, the global investment bank, has selected its GainsKeeper® solution.

"Following an extensive evaluation of service providers, we chose GainsKeeper because it delivers the most extensive and centralized broad-based automated cost basis services,” said Laura Shiflett, vice president of Customer Reporting at Jefferies. “This will give us the flexibility to ensure accurate Form 1099-B reporting and help solve for the increasingly heavy reporting burden so we can focus on meeting all the needs of our customers.”

“Effective cost basis reporting compliance requires a significant commitment from an organization,” said Jim Richardson, director of Investment Compliance Solutions at Wolters Kluwer Financial Services. “It is important for us to provide our clients with an end-to-end solution to avoid the potential data quality and workflow issues inherent in multiple-vendor systems.”

Visit the Wolters Kluwer Financial Serviceswebsite to find out more about cost basis reporting compliance and the GainsKeeper solution.

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides more than 15,000 customers worldwide with risk management, compliance, finance and audit solutions that help them successfully navigate regulatory complexity, optimize risk and financial performance, and manage data to support critical decisions. With more than 30 offices in 20 countries, our prominent brands include: FRSGlobal, FinArch, ARC Logics®, TeamMate®, Bankers Systems, VMP® Mortgage Solutions, AppOne®, GainsKeeper®, Capital Changes, NILS®, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and solutions provider with annual revenues of (2012) €3.6 billion ($4.6 billion) and approximately 19,000 employees worldwide.




Wolters Kluwer Financial Services

Jennifer Marso, 612-852-7912

Vice President of Corporate Marketing & Communications

jennifer.marso@wolterskluwer.com

On Twitter: @jennifermarso

or

Ben Meents, 612-212-5132

Corporate Communications Manager

ben.meents@wolterskluwer.com

On Twitter: @benmeents

Source: Wolters Kluwer Financial Services


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