Bringing you live news and features since 2006 

AssetMark and Parametric launch custom portfolios for HNWIs


AssetMark is expanding its high-net-worth capabilities with the launch of a new strategy from Parametric, a global asset management firm and affiliate of Eaton Vance.

The solution, “Parametric Custom Portfolios,” is new to AssetMark’s platform and employs a number of unique diversification, risk and tax-management features to deliver custom, passive investment-based portfolios for high-net-worth investors. Parametric will provide its tax-management expertise to the strategy, with Eaton Vance serving as the fixed-income subadvisor.

“This is the next step in our long-standing commitment to help advisors serve their most complex clients’ needs,” says Natalie Wolfsen, EVP and Chief Commercialisation Officer for AssetMark. “This solution offers lower-cost, passive portfolios, while also delivering customisation and tax management that high-net-worth investors require.”

Parametric Custom Portfolios offers many innovative features, including advanced diversification strategies that limit risk. For instance, it combines passive, tax-managed equity exposure with bond ladders in a single account. In addition, the strategy provides key tax-management benefits, including tax-loss harvesting, capital-gains deferral, and tax-efficient transition strategies. The models offered through the AssetMark platform are particularly well-suited for advisors who are using ETF models, but who are interested in achieving greater customisation and tax efficiency.

“It’s great to partner with AssetMark to deliver this product into the hands of independent financial advisors,” says Robert Breshock, Managing Director at Parametric. “The strategy reinforces our commitment to being responsive to the way investors want to build portfolios. We have stayed true to our firm’s DNA by focusing on diversification, risk and tax management. This launch reflects the continuing expansion of Parametric’s custom solutions in the marketplace.”

“Eaton Vance and Parametric have aligned with AssetMark to build a custom strategy to help advisors deliver better, tailored client outcomes,” says John Moninger, Managing Director, Retail Sales for Eaton Vance. “Eaton Vance’s experienced sales team and distribution capabilities will be bringing these solutions to financial advisors in the marketplace.”    

Latest News

BlackRock writes that May marked the highest inflow month of the year for both rates and high yield (HY) ETPs,..
SIX reported a combined 12.3 per cent trading turnover increase in CHF for its two exchanges in Switzerland and Spain..
EFAMA’s March figures reveal that UCITS and AIFs recorded net inflows of EUR24 billion, up from EUR21 billion in February...
VanEck has announced that the VanEck Semiconductor UCITS ETF has reached over USD2 billion in assets under management (AUM) after..

Related Articles

Darren Johnson, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Stuart Chaussee
In January this year, global data and business intelligence platform, Statista reported that there are now more than 8000 ETFs...
Ethereum coin
Last week saw Australia launch spot bitcoin ETFs, with Matteo Greco, Research Analyst at Fineqia International, writing that Monochrome Asset...
Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by