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Enron Mail |
-----Original Message----- From: "Patrick Dowd" <PDOWD@firstunion1.com<@ENRON [mailto:IMCEANOTES-+22Patrick+20Dowd+22+20+3CPDOWD+40firstunion1+2Ecom+3E+40ENRON@ENRON.com] Sent: Wednesday, September 05, 2001 11:21 AM To: Tholt, Jane M. Subject: Janie, Janie, I regret that when you called yesterday you didn't feel that anyone outside of me knew what was going with your portfolio. Let me reassure you that there are several that are part of the team that immerse themselves in the accounts that we manage. Unfortunately, insurance products are held at the insurance company. We have submitted the proper paperwork to change the broker dealer. That has been done. Now we're waiting for First Union to network the annuities into your account so we can see them daily. We at anytime can call Venture and get values and allocations. We also have your profile on a spreadsheet where we track your Venture piece, 401k, Accounts with us etc... Let me give you the result of the Annuities; 2106218 Current market -$6,718.00 Grip value 12,617. Currently in Cash 2016219 Current market - 52,187.00 Grip value 100,880.85. Currently in Cash. 2235338 Current market- 204,005 Grip value 222,923. Currently in cash. 2235337 Current market- 137,391 Grip value 160,636. Currently in cash. 2235339 Current Market- 40,101 Grip value 44,584. Currently in cash. 2235336 Current Market- 15,586. Grip value 17,700. Currently in Aim All CAP. The grip value is the guaranteed value through annuitization. You have a guaranteed growth rate of 6% on an annual basis, with a step up election if the market value has performed greater than 6%. The markets were great in 98 and 99 with the first annuities that we made an invest in. We stepped up the market performance and that is why the grip value is at the levels listed. We are in the final stages of the annuities being networked into your accounts. One has already shown up on the account. The other 5 should follow through shortly. I'll track it daily and keep you posted. The important thing for you to know is the the positions are in cash, except Josephs (I spoke to him last night, he sure sounds like a fun guy) annuity. Hope that this helps. Pat Patrick Dowd Senior Vice President/Investment Officer EMERY Financial Group phone: 713-853-2403 toll free: 866-753-9556 fax: 713-853-2366 pdowd@firstunion1.com
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