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AssetMark and Parametric launch custom portfolios for HNWIs

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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.”    

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