We are excited to announce that we will be hosting two webinars in the coming weeks. These events are designed to allow our clients - and friends they wish to refer - to learn more about the money managers and strategies we feel will do well in the current market and the next economic cycle. Our 2008 Webinar series will begin with two growth strategies:

On Thursday March 6, meet Louis G. Navellier, Chairman and Founder of Navellier & Associates, Inc. His Fundamental 'A' portfolio uses his disciplined, quantitative analysis to select stocks that he believes have the potential to significantly outperform the overall market.

WrapManager CEO Gabriel Burczyk will discuss what we can expect from the market in 2008 with Louis and where his quantitative approach is currently finding opportunities. Mr. Navellier has been covered by a wide range of international media. In addition to appearing on CNBC, Bloomberg, The Nightly Business Report, and Wall Street Week, he has been featured in Barron's, Forbes, Fortune, Investor's Business Daily, Money, Smart Money, and The Wall Street Journal. Don't miss this opportunity to hear what he has to say.

When: Thursday March 6, 2008 at 7 pm Eastern Time (4 pm Pacific)

Spend some time with Zachary Karabell, Executive Vice President and Chief Economist for Fred Alger Management. Zachary and Gabriel Burczyk, CEO of WrapManager, will discuss 'The iPhone economy and the Sub-prime Economy' and how Fred Alger Small Cap & Mid Cap Growth Composite, a managed account strategy for investors seeking Small Cap and Mid Cap market exposure, might be a strategic investment in times like these.

Mr. Karabell analyzes economic, political and social trends to identify new investment opportunities. He is the author of several books, including A Visionary Nation: Four Centuries of American Dreams. In 2003, the World Economic Forum designated Zachary a "Global Leader for Tomorrow." He is a regular commentator on national news programs, such as CNBC, CNN and Fox News. We hope you will join us and invite a friend.

Watch for an invitation coming soon.

If you have not received your form 1099 yet, you should be receiving it shortly. Unlike previous years when 1099s were due out by January 31, the IRS has extended the deadline this year. This change is due to the need to classify dividends properly for their qualification for 15% tax treatment. Most corporate dividends qualify, but dividends of some securities, such as most REITS do not.

If you receive distributions from an IRA, retirement account, or Educational Savings Account, you should already have received your form 1099-Q or 1099-R. All other 1099 forms should be mailed by February 29, 2008. You can always check online by clicking on the Tax Documents / 1099s link under the Accounts and Services Tab.

If you use TurboTax software to do your taxes, you can now download your 1099 data directly into your tax software.

When you are entering income data in the TurboTax interview and you come to the section on investment income, the interview will ask if you want to import data from your financial institution. Select 'First Clearing, LLC' from the dropdown menu. You will be prompted for your User ID and Password. It is safe to enter them in this screen, this data is necessary to access your account online securely. Follow the instructions on the screen and data from your 1099 forms will be downloaded into the proper fields in TurboTax.

Please note that while this import will save you time and effort by importing the data, it is important to check the import against the 1099 form that was sent to you to be sure all data was transferred accurately. You will also need to complete the forms by adding data that is not on the 1099, such as cost basis data on securities you've sold, but did not buy through us.

In times of market volatility, as we have seen recently, managers who have the flexibility to move part of their portfolio into cash or even short positions can be attractive for some investors. Roosevelt All Cap Core strategy has been a consistent top quartile manager who can take defensive positions when management deems appropriate.

This strategy looks across all capitalizations and styles and focuses on themes that its managers believe will outperform the market as a whole. Roosevelt searches for companies which they view as long-term beneficiaries of these themes. Themes are always being evaluated and currently include such trends as Agricultural Expansion, the Global Infrastructure Boom and Alternative Energy.

While it is appropriate to measure this strategy against the Russell 3000 as a benchmark, it seeks alpha in part by reducing market exposure when management feels appropriate. Managers can hold up to 30% of the portfolio in cash and 5% in zero coupon treasury instruments. For example, in August of 2006 they were 23% in cash. Roosevelt also empowers the managers of this strategy to put up to 10% in exchange traded funds that short sectors of the market.

The attached report and information have been prepared or produced by WrapManager, Inc. from sources and data believed to be reliable. Information provided in this report is for educational and illustrative purposes only and should not be construed as individualized investment advice, as an offer to sell, or the solicitation of an offer to buy any security in any states where such an offer or solicitation would be prohibited by regulations. WrapManager, Inc. is not a tax advisory firm. We recommend you contact your tax attorney or CPA prior to utilizing any of the tax-related strategies mentioned or discussed. Returns and experiences will vary for each client. Each client's risk tolerance and investment objectives are unique to them. Past performance may not be indicative of future results. No assumption that future performance of any specific investment or product made reference to directly by WrapManager, Inc., on its Web site and in marketing materials, will be profitable or equal the corresponding indicated performance level(s). If performance numbers are generated gross of fees, a client's return will be reduced by investment advisory fees and any other expenses. Opinions expressed are those of WrapManager, Inc. and are subject to change without notice and are not necessarily those of Prospera Financial Services, Inc. its directors, parent company or its affiliates. Securities offered through Prospera Financial Services and cleared through First Clearing, LLC. Prospera Financial Services - Member FINRA/SIPC.