Deals & People July 17, 2007

New Venture for 3 Mark Financial Clients and Symetra Wealth Mgt.

Financial advisers affiliated with 3 Mark Financial will now have access to Symetra Life Insurance Co.’s wealth management product, which helps high net worth clients transfer their assets.
Reported by

According to a press release, the financial planning product Symetra Complete Variable Life Insurance features a daily calculation that makes sure customers pay the lowest amount required to cover their life insurance policy’s death benefit.

The funds may be distributed among a variety of sub-accounts to generate investment returns. The premiums can be scheduled to meet specific customer needs and are not mandatory in any given year.

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“Our advisors are always seeking ways to help affluent customers build and protect assets, while still avoiding a heavy income tax burden for heirs,’ said Bill Propper, President of 3 Mark Financial, in the press release.

3 Mark Financial is an independent marketing organization specializing in wealth management, investments, life insurance, annuities and other insurance products.

For more information about Symetra Complete, visit www.symetra.com/complete.

Products July 17, 2007

Aperio Group to Use WisdomTree Indexes for Tax-Managed Accounts Business

WisdomTree Investments, Inc. has licensed its WisdomTree Indexes to Aperio Group LLC, a California-based financial adviser that provides asset management services to taxable investors.
Reported by

Aperio, which manages approximately $1.3 billion in assets for high net worth individuals and institutions, will use the WisdomTree Indexes as benchmarks for its tax-managed separate account business.

In particular, Aperio will use tax-management techniques in an effort to outperform a pure replication of the WisdomTree Indexes on an after-tax basis by engaging in a systematic program of tax loss harvesting and capital gain deferral.

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“Fundamentally weighted index strategies provide a natural alternative benchmark and we are excited to offer WisdomTree’s family of dividend-based indexes to our clients,’ said Patrick Geddes, Chief Investment Officer and Director of Quantitative Research for Aperio, in the announcement.

WisdomTree’s deal with Aperio makes it the second licensing agreement since it began offering the indexes, which anchor the initial weights of individual stocks to a measure of fundamental value.

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