Pleasant Hill, CA - October 18, 2006
AssetMark Investment Services, Inc. today announced the introduction of Distribution Strategies, a new investment solution designed for Advisors seeking to help their clients as they shift the focus of their investment portfolios from accumulation to distribution.
“As baby boomers begin to retire, they are challenged with maintaining an investment strategy that meets their current income needs, yet also delivers the required growth to outpace inflation,” noted Brian O’Toole, CEO of AssetMark Investment Services. “Retirees are faced with many challenges today, including longer life expectancy, rising health care costs and uncertain global capital markets. We developed Distribution Strategies to meet these challenges and provide investors with a long-term investment solution.”
Distribution Strategies is a three-tier investment solution which provides investors with immediate cash flow to meet spending needs, reduces overall market volatility through broad asset class diversification, and ensures long-term growth to decrease the likelihood that investors will outlive their assets. Four leading Portfolio Strategists on the AssetMark platform, including Goldman Sachs, UBS Global Asset Management, Wilshire Associates and New Frontier Advisors, construct model asset allocation portfolios designed to meet the distribution needs of investors. The portfolios are implemented using No-Load Mutual Funds or Exchange Traded Funds.
“As our practice has grown, so has the demand for this type of investment solution,” stated Peter Burton, a partner at the Burton/Enright Group, a financial advisory firm in Walnut Creek, California. “Many of our
older clients are looking for an investment solution that will ensure sufficient monthly cash flow, but at the same time, allow their portfolios to grow so they won’t outlive their assets. We’re excited to have access to this new solution to help meet this demand.”
With the addition of Distribution Strategies, investors can now select from five different managed account
solutions in the AssetMark program, including No-Load Mutual Funds, Exchange Traded Funds, Privately Managed Accounts and Variable Annuities.
