AssetMark Hires Transamerica Investment Management as Small/Mid Cap Growth Manager.Business Editors PLEASANT HILL, Calif.--(BUSINESS WIRE)--Sept. 3, 2003 AssetMark Investment Services, Inc., a leading investment management and consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , today announced the addition of Transamerica Investment Management, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control as a Sub-Adviser to the AssetMark Small/Mid Cap Growth Fund. In addition, Transamerica will join AssetMark's Privately Managed Account Program as a Best of Class manager. AssetMark offers mutual fund, exchange traded fund Exchange Traded Fund Similar to an index mutual fund, these tracking stocks trade continuously. Two popular ETFs are the Standard and Poor's depositary receipt (SPDR) launched in 1993 and the NASDAQ-100 Index Tracking Stock (QQQ) which was launched in 1999. , variable annuity Variable Annuity An insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio. and privately managed account solutions to high net worth investors through a national network of over 700 broker-dealers and independent Registered Investment Advisors. In conjunction with Wilshire Associates, a leading institutional pension consulting firm, the program provides 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. portfolio solutions implemented with Best of Class Private Account Managers. Transamerica Investment Management, LLC has been managing portfolios since 1967, and currently manages over $14 billion for public and private clients. The firm was selected as an addition to the platform based on their robust portfolio construction process and their consistent focus on staying fully invested in small and mid cap growth stocks. Transamerica's investment strategy is to invest in businesses that are developing or sustaining long-term competitive advantages. Transamerica manages a concentrated portfolio of 25 to 40 companies that have the ability to become industry leaders. Concentration is a key tenet of Transamerica's investment process as companies that meet their criteria are rare. According to Richard Steiny, Senior Vice President of Marketing for AssetMark Investment Services, "We believe that Transamerica's emphasis on strong fundamentals and focus on intrinsic value Intrinsic Value 1. The value of a company or an asset based on an underlying perception of the value. 2. For call options, this is the difference between the underlying stock's price and the strike price. makes them Best in Class. We are pleased to present Transamerica as an addition to the platform." "AssetMark is a leader in providing investment consulting services, and we are delighted that they have selected our small/mid growth product as an investment vehicle for their clients," said Toby Cromwell, Transamerica Investment Management, LLC's Vice President of Institutional sales. "Our particular small/mid growth strategy fits well within AssetMark's current manager line-up." About Transamerica Investment Management, LLC Transamerica Investment Management, LLC ("TIM TIM Timothy TIM Technical Interchange Meeting TIM Transient Intermodulation Distortion TIM Time Is Money TIM The Invisible Man (movie) TIM Telecom Italia Mobile (Italian cellular provider) "), a member of the AEGON Group, is a leading asset management firm with a 35-year history of strong results for both retail and institutional clients. Its predecessor firm, Transamerica Investment Services, Inc., started in 1967 and TIM was formed in 2000. The company is headquartered in Los Angeles, with major offices in San Francisco, Denver and Dayton. About AssetMark Investment Services, Inc. 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 700 advisory firms, and administers more than 20,000 investor portfolios with total assets exceeding $2.5 billion. |
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