Curian Capital Announces New Tax Harvesting Program.DENVER -- Curian Capital, 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 managed accounts and investment products to financial professionals (www.Curian.com), today announced the launch of a new tax harvesting capability designed to help clients establish a higher level of control over their portfolios. "Customizing your tax preferences is another advantage that SMAs offer over traditional investment vehicles such as mutual funds," said Michael Bell, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Curian Capital. "We developed our new capabilities in tandem with Curian's Tax Advisory Council, which is made up of third-party financial professionals and CPAs. At Curian, we are committed to listening to our partners and delivering enhanced offerings that help them provide more comprehensive financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against solutions to their clients." Through a technique known as year-end tax harvesting, Curian now allows clients to work with financial professionals to manage annual capital gains tax liability on their 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. portfolio through selective realization of gains and losses in their Curian accounts. Developed with simplicity and ease of use for financial professionals in mind, Curian's new tax harvesting program includes: * Online Real-Time Gain/Loss Analysis: Curian's web site now allows financial professionals to analyze gain/loss scenarios to determine which strategy is best for an individual client. * Electronic Signature Capability: A new electronic signature feature allows financial professionals to obtain client approvals with no physical paperwork. * Shortened Time Out of the Market: Once selected positions are liquidated, the proceeds are invested in an Exchange Traded Fund Exchange Traded Fund Similar to an index mutual fund, these tracking stocks trade continuously. Two popular ETFs are the Standard and Poor's depositary receipt (SPDR) launched in 1993 and the NASDAQ-100 Index Tracking Stock (QQQ) which was launched in 1999. (ETF ETF See Exchange Traded Fund. ETF See exchange-traded fund (ETF). ) that has been pre-selected based on a client's investment model. The account will be re-balanced after 35 days to realign the account with the manager's security weightings. Previously, Curian's re-balancing time frame was 60 days. * Client Accounts Overview: The accounts overview page on the Curian producer web site has been enhanced to provide additional client information, including realized and unrealized gains and losses, as well as dividend details for faster book of business management. As many as 50 securities, including ETFs, are available for tax harvesting selection. Clients can submit multiple tax harvesting requests, as long as the total securities harvested do not exceed 50. If multiple submissions are made within the 35-day window, the account will be rebalanced 35 days from the last submission. For more information on Curian Capital's new tax harvesting program, please visit www.Curian.com or call the Curian Capital Sales Desk at 877-847-4192. About Curian Capital Headquartered in Denver, CO, Curian Capital (www.curian.com) is a registered investment advisor providing innovative fee-based managed accounts and investment products to financial professionals through a state-of-the-art technology platform. The company recently surpassed $2 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. , placing it in the top ten of third-party vendor managed account assets, according to Cerulli Associates. Curian Capital is a subsidiary of Lansing, Mich.-based Jackson National Life Jackson National Life Insurance is a U.S. life assurance company that is a subsidiary of the UK based insurer, Prudential Plc. Founded in 1961, Jackson is headquartered in Lansing, Michigan, and has over a thousand employees in the region. Insurance Company([R]). With more than $70 billion in assets (GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). ), Jackson National is an industry leader in the areas of fixed, fixed index, variable annuities, and life insurance. The company markets its products in 49 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). through independent and regional broker-dealers, financial institutions and independent insurance agents. |
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