Thrivent Financial's Landmark Group Launches Tax Overlay Program for High-Net-Worth Investors

Business Wire, April 10, 2008

MINNEAPOLIS -- Thrivent Financial for Lutherans' Landmark Group, Lake Elmo, Minn., recently announced it is offering a new separate account manager available through Thrivent's Managed Account Program, to help investors better manage capital gains taxes. The service provides an active tax overlay strategy that is designed to give investors improved absolute returns through potential tax savings.

"To more effectively manage capital gains tax for high-net-worth investors, we offer a tax-loss harvesting strategy that should be invaluable to clients who are averse to paying excess taxes," said Gary Tangwall, MBA, ChFC, CLU, senior financial consultant with Thrivent Financial. "Clients with highly concentrated stock positions with significant capital gains in their portfolios should benefit from this new service."

Through the service, financial consultants associated with Thrivent Financial's Landmark Group and the client will together determine how best to diversify the portfolio, reduce tracking error and meet the client's predefined tax budget. The service then obtains managers' investment models and manages the portfolios on a discretionary basis, balancing tax implications against managers' stock selections. The required minimum for this program is $1,000,000 of investable (after-tax) assets.

The program's quantitative tools select optimal trades by factoring risk characteristics of each stock, tax implications of potential trade combinations, correlation between stocks in existing and target portfolios, transaction costs and clients' capital gains budgets.

"This program offers strategies with the objective of helping clients retain more dollars by being better allocated and tax-efficient," said Todd Gillingham, JD(a), CFP, ChFC, CLU, Thrivent Financial senior financial consultant.

To learn more about this program, contact Thrivent Financial's Landmark Group at 651-779-9720.

Business partners Gary Tangwall and Todd Gillingham have more than 50 combined years of experience in financial services. They offer comprehensive, values-based wealth management solutions for clients in Stillwater, White Bear Lake, Woodbury and surrounding communities. Offices for Tangwall and Gillingham are located at Suite 104, 11550 Stillwater Blvd., Lake Elmo, Minn.

(a) JD is an educational degree, and the holder does not provide legal services on behalf of Thrivent Financial for Lutherans or its affiliates.

Thrivent Financial representatives are registered representative for securities offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415-1665, 1-800-THRIVENT (800-847-4836), a registered broker dealer and investment adviser, and a wholly owned subsidiary of Thrivent Financial for Lutherans. Member FINRA. Member SPIC. Fee-based financial planning services are only available through Todd Gillingham. Fees for each plan depend on your personal circumstances and are negotiated between you and the planner. Because each individual's situation is different you may pay more or less for a similar service elsewhere. Security transactions are handled by NFS, a Fidelity Investments Company, a registered broker-dealer and a member New York Stock Exchange and Securities Investor Protection Corp. (SIPC). Investments are not FDIC insured.

Thrivent Financial for Lutherans and its respective associates and employees cannot provide legal, accounting or tax advice or services. Work with your Thrivent Financial representative in collaboration with your attorney and/or tax professional for complete details.

About Thrivent Financial for Lutherans

Thrivent Financial for Lutherans is a not-for-profit Fortune 500 financial services organization helping nearly 3 million members achieve their financial goals and give back to their communities. Thrivent Financial and its affiliates offer a broad range of financial products and services including life insurance, annuities, mutual funds, disability income insurance, bank products and more. As a not-for-profit organization, Thrivent Financial sponsors national outreach programs and activities that support congregations, schools, charitable organizations and individuals in need. For more information, visit www.thrivent.com.