Clients Utilizing Curian's Tax Harvesting Program Generated More Than $1.5 Million in Potential Savings During 2006.DENVER -- Curian Capital, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (www.curian.com), a registered investment advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in providing fee-based separately managed accounts (SMAs) to financial professionals through an innovative technology platform, today announced that the company's tax harvesting program allowed its clients to save more than $1.56 million in potential capital gains taxes1, subject to each client's unique tax situation, for calendar year 2006. By year-end, nearly 500 financial professionals "harvested" over $5.2 million of losses on behalf of 2,200 accounts on the Curian platform. "Tax harvesting is an under-utilized process in the managed account industry, yet we've seen our distribution partners gravitate grav·i·tate intr.v. grav·i·tat·ed, grav·i·tat·ing, grav·i·tates 1. To move in response to the force of gravity. 2. To move downward. 3. toward the Curian program at more than double the industry average2 because we've made it completely electronic and easy to use," said Michael Bell
Michael Patrick Bell is an actor and voice over artist, born April 10, 1938 in Brooklyn, New York. , president and chief executive officer of Curian Capital. "Tax harvesting allows financial professionals to work with clients and tax advisors to manage capital gains exposure and effectively deliver a better after-tax result for the portfolios that incorporate our unique approach to limiting associated risks. Ultimately, a service like tax harvesting serves to deepen the advisor-client relationship by adding value on a whole new level." Tax harvesting is the process of selling securities, typically at year-end, to realize capital losses (or gains) that can be used to offset capital gains (or losses) and other investment income such as dividends and interest. The goal is to lower the investor's short- and long-term capital gains Long-term capital gain A profit on the sale of a security or mutual fund share that has been held for more than one year. tax liability for the year. Unlike many other tax harvesting offerings, Curian's platform comes with no additional cost and allows financial professionals to quickly run and analyze different scenarios to determine the tax harvesting strategy that works best for a specific client's portfolio. Furthermore, Curian's program provides advisors with detailed information that helps determine - client by client - exactly which investors would benefit most from tax harvesting. And while many tax harvesting programs place the proceeds of stocks that are sold into cash, Curian's program reinvests those proceeds into asset classes that have market exposure. "Many financial professionals hesitate to use tax harvesting because they believe the process is cumbersome and complex," continued Mr. Bell. "As a result, we developed our online capability with the help of our Tax Advisory Council, which allowed us to addresses these concerns and transform what used to be a manual, labor-intensive and complicated process into one that is fast, simple and convenient. I am proud that so many Curian advisors have recognized the value of tax harvesting and are utilizing it to the benefit of their clients." Moving forward, Curian will be promoting its tax harvesting program as part of the company's Peak Performance training course. Peak Performance is a one day practice management seminar designed to educate financial professionals on industry best practices, assist in the shift from commission- to fee-based business and identify ways to improve the advisor-client relationship. Curian has more than 50 Peak Performance seminars scheduled across the country for 2007. "Financial professionals are struggling with differentiating themselves in a commoditized marketplace," said Mark Schoenbeck, vice president of corporate development for Curian Capital. "A tool like tax harvesting not only helps advisers demonstrate a tangible financial benefit to their clients, but also serves as a significant competitive advantage. In the year ahead, we will emphasize the benefits of tax harvesting in our Peak Performance seminars, and anticipate a substantial increase in the number of financial advisors who leverage the program on behalf of their clients." For more information about Curian's SMA (1) See SMA connector. (2) (Shared Memory Architecture) See shared video memory. (3) (Software Maintenance Association) A membership organization that began in 1985 and ended in 1996. platform, tax harvesting capabilities and Peak Performance seminar program, registered investment advisors, broker-dealers and financial institutions can visit www.curian.com or contact the Curian Sales Desk at (877) 847-4192. About Curian Capital Curian Capital is a registered investment advisor providing innovative fee-based separately managed accounts and investment products to financial professionals through a state-of-the-art technology platform. Curian Capital is an indirect subsidiary of Prudential plc This article is about the British company. For the American company, see Prudential Financial. For places named after the company, see Prudential. Prudential plc (LSE: PRU, NYSE: PUK) is a United Kingdom-based financial services company. (NYSE NYSE See: New York Stock Exchange : PUK PUK Patriotic Union of Kurdistan PUK Personal Unlocking Key (as used in mobile phones) PUK PopUp Killer PUK Potchefstroomkampus (South Africa) PUK Pop-Up Killer (browser utility) ), a company incorporated and with its principal place of business in the United Kingdom. Prudential plc and its affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. constitute one of the world's leading financial service groups. It has been in existence for over 150 years and had more than $400 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. as of 12/31/05. Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America UNITED STATES OF AMERICA. The name of this country. The United States, now thirty-one in number, are Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Hampshire, . 1. Estimated based on 30% tax bracket Tax Bracket The rate at which an individual is taxed due to a particular income level. Notes: Each income class is taxed at a different level. Generally, the more you make the more you are taxed. 2. Cerulli Associates Quantitative Update, Managed Accounts 2006 |
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