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Genworth Wealth Management launches GPS Select Solution


Genworth Financial Wealth Management (GFWM) has launched GPS Select Solutions, a suite of multi-strategist solutions to help grow or preserve wealth, generate income, or serve a variety of other specific investment goals.

GPS Select Solutions consists of portfolios that incorporate the strategies of multiple portfolio strategists within single accounts. The portfolios offer financial advisers on the Genworth Wealth Management platform new ways to help their clients.

Advisers can use GPS Select Solutions’ diversified, multi-strategist portfolios to provide either a comprehensive investment solution directed at a broad goal, or a targeted complement to other holdings. GPS Select Solutions joins the firm’s existing GPS Solutions (formerly Genworth Portfolio Solutions) as part of the family of Guided Portfolios – goal-oriented, turnkey investment accounts with built-in diversification across asset allocation approaches and alternative investments.

GPS Solutions were introduced in May 2011 and have USD1.6bn in assets as of December 2012. The success of this product led the firm to create GPS Select Solutions to round out the Guided Portfolios offering.

“Increasingly, financial advisers using our platform are looking to us—based on our expertise, research and rigorous due diligence – to offer powerful, yet streamlined, investment solutions that reflect our diversification philosophy,” says Gurinder S Ahluwalia (pictured), president and chief executive officer of Genworth Wealth Management. “Advisers can build portfolios themselves by combining strategies from our purpose-built roster, and now they can use Guided Portfolios to serve greater numbers of clients and prospects.”

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