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Leslie Bonacum
Neil Allen

CCH GAINSKEEPER Introduces Specific Id Accounting Applications For Mutual Fund Companies

ASP and Client-Side Products Provide Specific ID Accounting in Addition to Average Cost, Allowing Fund Companies to Support Specific Id Selling

(Quincy, MASS., – December 17, 2002) – GainsKeeper® today announced an application to help mutual fund companies meet the changing needs of shareholders. GainsKeeper’s Specific ID Accounting system handles the complicated tax lot accounting of various selling methods so fund companies can provide shareholders with an alternative to the traditional average cost method. GainsKeeper is a division of CCH INCORPORATED, a leading provider of securities, tax and capital changes information, services and software.

GainsKeeper has been a long-time champion of tax-smart investing. Mutual fund investors generally acquire multiple lots of individual funds, creating a situation in which average cost is not the best accounting method from a tax standpoint.

"Specific ID is a great way to reduce the after-tax cost of investing, particularly in times when the market makes large swings," says Kaye Thomas, author of Capital Gains, Minimal Taxes. "It allows you to sell your most costly shares first, or select between short-term and long-term shares, whichever approach saves the most money. Mutual funds that make Specific ID easy for their investors have a leg up on those that fail to provide this service."

GainsKeeper even takes the power of Specific ID one step further with its proprietary "SellGrade". Highest Cost is widely recognized as a tax-efficient form of Specific ID selling, but does not take into account holding periods or wash sales. GainsKeeper’s SellGrade evaluates all tax lots in a portfolio, factoring in holding periods and wash sales, to indicate the most tax-efficient lots to sell.

In addition to Specific ID for funds, GainsKeeper continues to offer Average Cost for those shareholders who choose to use it, as well as FIFO and Specific ID for stocks and options.

For More Information

For additional information on Specific ID, contact Cameron Routh, GainsKeeper Market Development Manager, at (617) 472-3314.

About GainsKeeper

GainsKeeper is the leading provider of automated tax-based financial tools and services for the investment community, and is a division of CCH INCORPORATED.

Individual investors and professionals seeking cutting-edge investment tools and automated portfolio tracking services, including accounting for investment cost basis adjustments and capital gain/loss calculations, can access GainsKeeper directly via the World Wide Web at

GainsKeeper Institutional Services (GKIS) provides ASP solutions for financial institutions, enabling its partners to offer sophisticated tax lot accounting to their customers without incurring the high cost of building, maintaining, and housing the systems and operations necessary to provide institutional-quality service. GKIS serves the brokerage, mutual fund, and fund administration industries, providing solutions ranging from back-office outsourcing to fully integrated Internet-based tools and services. Clients include BISYS, MFS, and funds of GKIS’ distribution partner, GIS Ltd. Additional information is available at, via e-mail to, or by calling 617-472-3314.


CCH INCORPORATED, founded in 1913, has served four generations of business professionals and their clients. The company produces approximately 700 print and electronic products for securities, tax, legal, banking, securities, human resources, health care and small business markets. CCH is a wholly owned subsidiary of Wolters Kluwer North America. The CCH web site can be accessed at The CCH Business and Finance group web site can be accessed at

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