AssetMark Announces Partnership with New Frontier Advisors; New Portfolio Strategist to Join AssetMark's Exchange Traded Funds Program.PLEASANT HILL, Calif. -- AssetMark Investment Services, Inc. today announced the addition of New Frontier Advisors as a Portfolio Strategist to its Exchange Traded Funds Exchange Traded Funds (ETF) Also known as ETF. A basket of stocks similar to an index mutual fund. However, there are a number of important differences between ETFs and mutual funds. (ETF ETF See Exchange Traded Fund. ETF See exchange-traded fund (ETF). ) program. The partnership with New Frontier Advisors will further round out AssetMark's ETF offering and provide investment advisors with another option to help meet their client's financial needs. "We are strong advocates of open investment architecture at AssetMark and the addition of New Frontier further demonstrates our commitment to providing our clients with choice," stated Brian O'Toole, Chief Executive Officer at AssetMark. "New Frontier Advisors complements our existing ETF Portfolio Strategist offering and provides Advisors and their clients with another solution to meet their needs." AssetMark has been a pioneer in providing ETF asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. solutions to Advisors. The firm began offering ETF portfolios in 2002 and currently has over $250 million in assets in their ETF program. New Frontier Advisors will provide global strategic asset allocation Strategic Asset Allocation A portfolio strategy that involves periodically rebalancing the portfolio in order to maintain a long-term goal for asset allocation. Notes: At the inception of the portfolio, a "base policy mix" is established based on expected returns. solutions as part of AssetMark's Exchange Traded Funds platform. The firm joins Standard & Poor's and Breen Financial as Portfolio Strategists - developing ETF asset allocation portfolios customized to meet the specific investment profile for each client. The addition of New Frontier also follows the recent inclusion of OAM (Operations Administration Maintenance) Refers to managing and maintaining a network or network device. The P in "OAM&P" adds "provisioning" to the list, which is a telephone company term for setting up a service. Avatar as a new ETF private account manager to the AssetMark program. Founded in 1999, New Frontier Advisors developed the first patented technology for portfolio optimization, asset allocation, and portfolio rebalancing Rebalancing The process of realigning the weightings of one's portfolio of assets. Notes: For example, if your portfolio's proportion of stock has grown too large for your intended assets weightings and risk tolerance, you might rebalance by selling some stock and putting . The firm combines practical investment theory, a global view of investment value, state-of-the-art statistical estimation and investment technology to meet the needs of clients. Richard Michaud, President and Chief Investment Officer at New Frontier Advisors, noted, "AssetMark is clearly a leader in giving advisors and their clients access to the rapidly growing ETF marketplace. We are pleased to have the opportunity to work with AssetMark to offer their clients access to our cutting-edge technology and investment capabilities." About AssetMark Investment Services: AssetMark Investment Services, Inc. was founded in 1996 and is one of the industry's leading providers of fee-based investment Fee-Based Investment An investment account in which the advisor's compensation is based on a set percentage of the client's assets instead of on commissions. Contrast this to commission-based investment, in which the advisor makes money based on the amount of trades made or the management solutions for investment advisors, broker dealers, banks and CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. firms. The company provides services to over 1,000 advisory firms, and administers more than 30,000 investor portfolios with total assets exceeding $4 billion. About New Frontier Advisors, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control New Frontier Advisors specializes in developing and applying leading edge investment technology in the financial sector. The firm offers financial institutions and their technology partners innovative solutions for delivering asset allocation and portfolio optimization investment strategies in a variety of computer platforms. In 1999, New Frontier received the first-ever patent for a broad-spectrum mathematical-statistical process for effectively enhancing the investment performance of optimized portfolios and for optimal portfolio rebalancing. |
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