Genworth Financial Wealth Management has added four new portfolio strategists along with four new strategies to the lineup on its investment platform so independent financial advisors can better respond to current market conditions and client needs, the company announced on Tuesday.
The new portfolio strategists joining the platform are BlackRock Financial Management, DoubleLine Capital, F-Squared Investments and Forward Management. They bring the total of Genworth's strategists to 16. In addition, four of Genworth's existing strategists adding new strategies to the platform are Altegris Advisors, J.P. Morgan Asset Management, New Frontier Advisors and Stadion Money Management.
Noting that the firm's "purpose-driven" platform offers strategies tailored to what indie advisors need most, Genworth Wealth Management President and CEO Gurinder Ahluwalia (left) told reporters in New York that the firm offers a limited menu of just eight strategies for all life stages. They range from strategic to tactical to absolute return to alternative investment strategies.
"I call it the happy meal," Ahluwalia said of the simplified menu. "This is all we serve up to our independent financial advisor fiduciaries."
The firm's eight new strategies are designed to address three challenges faced by financial advisors and their clients:
1) income distribution in a protracted, low-return environment
