Genworth adds more investment options
August 14, 2012 by Andrew Osterland
New offerings include strategies from BlackRock, DoubleLine
By Andrew Osterland
July 20, 2012
Genworth Financial Wealth Management Inc. this week expanded its platform of investment options for independent financial advisers.
Strategies from investment firms BlackRock Financial Management Inc., DoubleLine Capital LP, F-Squared Investments Inc., and Forward Management LLC were added to the mix, as well as four other strategies from firms already on the Genworth platform.
“The new investment solutions enhance advisers’ ability to meet investors’ needs, regardless of their life stage,” said Gurinder Ahluwalia, chief executive of Genworth.
New offerings on the platform include multiasset income strategies from BlackRock and Forward Management, as well as from existing providers J.P. Morgan Asset Management and New Frontier Advisors LLC. The strategies emphasize income generation for investors in or near retirement. F-Squared and Stadion Money Management Inc. are offering capital appreciation strategies with a focus on limiting downside risk. DoubleLine is managing a low-volatility strategy with a focus on capital preservation.
Altegris Investments Inc., a specialist in alternative investments, will oversee a multistrategy approach for advisers on the Genworth platform. It will manage three separate portfolios of varying risk levels.
“Our platform expansion gives advisers the flexibility to create portfolios that can provide income, in addition to risk management, according to their clients’ needs,” said Michael Abelson, senior vice president of investment & product management at Genworth. “This will be especially helpful in working with clients who have understandably moved their funds to the sidelines because of today’s market volatility.”
Genworth has over $20 billion in assets on its platform and serves more than 6,000 advisers.