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Article: GainsKeeper Waives Set-up Fees for 'FundTax' Wash Sale/ Cost Basis Service; Move is Designed to Help Mutual Fund Companies Meet New SEC After-Tax Rules.
- Article from:
- Business Wire
- Article date:
- January 17, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business/Technology Editors
BOSTON--(BUSINESS WIRE)--Jan. 17, 2002
GainsKeeper Institutional Services (GKIS), an ASP provider for financial institutions, today announced that it is waiving the set-up fees for fund families and third-party administrators that contract with GainsKeeper's FundTax system prior to February 15.
FundTax was introduced in 2000 and remains the only fully automated, platform-agnostic tax lot accounting service available. Reports can be generated for any time interval, or in real time, to provide portfolio managers with comprehensive analysis of the tax implications of selling securities, including wash sale avoidance. ...