Pleasant Hill, CA - December 6, 2006
AssetMark Investment Services, Inc., a leading investment management and consulting firm, today announced the addition of Wellington Management Company, LLP as Sub-advisor to the AssetMark Large Cap Growth Fund. The Fund is part of the growing multi-manager family of AssetMark Funds, which exceeds over $3 billion in assets. In addition, Wellington Management will join AssetMark’s Consolidated Managed Accounts program, a privately managed asset allocation solution that combines multiple investment managers into a single customized account.
AssetMark offers asset allocation portfolios implemented though no-load mutual fund, variable annuity, exchange traded fund, and privately managed account solutions to high net worth investors through a national network of broker-dealers and independent Registered Investment Advisors. Wellington Management was selected in conjunction with Wilshire Associates, a leading global investment management, investment consulting, and investment technology firm, whom AssetMark has retained to provide manager research and due diligence in the selection of Best of Class managers for privately managed accounts.
“The addition of Wellington Management to our investment platform further illustrates our commitment to providing superior institutional investment solutions to our Advisors,“ stated Ronald Cordes, Chairman of AssetMark Investment Services. “ We believe it’s important to provide Advisors with an open architecture platform to help them meet the diverse needs of their clients. The addition of Wellington Management further exemplifies our dedication to providing Advisors with a broad range of investment solutions.“
Wellington Management is one of America's oldest investment management firms. Based in Boston with nine affiliate offices in the United States and around the world, Wellington Management provides investment services to many of the world's leading public and private institutions.
