AssetMark Unveils 'Next Generation' Privately Managed Account Solution.PLEASANT HILL, Calif. -- Consolidated Managed Accounts(SM) to Provide Advisors with Comprehensive, Cost-Effective 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. Solution AssetMark Investment Services, Inc. today announced the introduction of Consolidated Managed Accounts as a new addition to its Privately Managed Account solutions. Advisors will now have access to one of the most comprehensive, objective, and cost-effective managed asset allocation solutions in the industry. "As investment advisors Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and continue to evolve their business strategy away from an investment management approach to a consultative approach, they are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. sophisticated asset allocation solutions for their high net-worth clients," stated Ronald Cordes, Chairman at AssetMark. "This new managed account solution is ideal for those advisors moving their practice to a fee-based, consultative business. We feel that Consolidated Managed Accounts is the next generation solution for these advisors." Consolidated Managed Accounts, available with a $500,000 minimum, employs an overlay (1) A preprinted, precut form placed over a screen, key or tablet for identification purposes. See keyboard template. (2) A program segment called into memory when required. portfolio management strategy designed to provide coordination across multiple investment managers, enhance tax efficiencies, and diversify diversify To acquire a variety of assets that do not tend to change in value at the same time. To diversify a securities portfolio is to purchase different types of securities in different companies in unrelated industries. portfolio holdings -- all in a single account. As part of the new solution, AssetMark has worked closely with two Portfolio Strategists -- Wilshire Associates and PanAgora Asset Management. Wilshire and PanAgora offer a series of strategic and tactical model portfolios, respectively, customized to each investor's risk/return profile. In addition, AssetMark has partnered with Parametric See parametric modeling, parametric symbol and PTC. Portfolio Associates to provide overlay management for Consolidated Managed Accounts, making tax, risk and customization decisions unique to each client. "We believe that the investment team we have assembled for advisors and their clients is unparalleled in the industry," Cordes continued. "Consolidated Managed Accounts provides investors with a level of institutional-quality investment management that is unmatched by any other investment program. And we're able to provide this solution to investors at an extremely competitive overall cost." With the addition of Consolidated Managed Accounts, investors can now select from three managed account solutions offered by AssetMark -- Individually Managed Accounts ($100,000 minimum), Consolidated Managed Accounts ($500,000 minimum) and Privately Managed Portfolios ($5,000,000 minimum) -- for their investment needs. 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. |
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