Genworth hops on wealth wagon

Genworth Financial Inc. of Richmond, Va., today launched its wealth management division, Genworth Financial Wealth Management Inc.
The new company is the result of the merger of AssetMark Investment Services Inc. of Pleasant Hill, Calif., and Genworth Financial Asset Management, a Genworth Financial subsidiary.
Participating independent financial advisers will have access to a comprehensive fee-based investment management platform and may choose from an array of 11 portfolio strategists and a variety of investment management firms.
Services provided by the new company include client relationship management, back-office account administration and other practice management programs.
Genworth Financial Wealth Management currently has more than 4,500 advisers and $20 billion under management.

Related Topics: Wealth Management