CONCORD, Calif. and LOS ANGELES, Nov. 14, 2016 /PRNewswire/ -- AssetMark, Inc., a leading provider of innovative investment and consulting solutions serving financial advisors, and Capital Group, one of the world's leading investment management firms and provider of American Funds, announced today that six American Funds Model Portfolios are now available on the AssetMark platform. These objective-based solutions provide broadly diversified global portfolios for investors seeking core market exposure.
"We are proud to be among the first to offer American Funds portfolios that feature American Funds as the strategist managing asset allocations," said Natalie Wolfsen, Chief Commercialization Officer at AssetMark. "American Funds has a long proven history of helping investors reach their goals. The addition of American Funds Model Portfolios to the AssetMark platform is part of our continual efforts to provide our advisors with access to leading strategists that share the values of investing for the long term and delivering asset management excellence," said Wolfsen. "We are also committed to helping advisors thrive in a post-DOL rule world and thrilled that American Funds is working with us to help advisors."
"These six model portfolios, which are based on strategies created by our American Funds Portfolio Oversight Committee, a group of senior investment professionals with an average of 28 years of investment experience, are designed to meet real-life, long-term investor needs," said Bill Brady, senior vice president for wealth management, Capital Group. "Each model portfolio represents a broadly diversified blend of individual, actively-managed American Funds with low expenses, a proven track record and a historically strong investment management process."
The six American Funds Model Portfolios designed to meet three common investment objectives – balance, preservation and growth – will provide AssetMark's advisors and their clients with access to durable portfolios in the pursuit of long-term financial goals. In creating the mix of funds, the American Funds Portfolio Oversight Committee followed an objective-based, bottom-up process which included rigorous analysis of the underlying funds to bring new depth and breadth to the investment expertise available on the AssetMark platform.
About AssetMark, Inc. AssetMark, Inc. is a leading independent provider of innovative investment and consulting solutions serving financial advisors. The firm provides investment, relationship and practice management solutions that advisors use to help clients achieve their investment objectives and life goals. AssetMark, Inc., including its Savos and Aris divisions, has approximately $31.2 billion in assets on its platform and a history of innovation spanning over 20 years. For more information, visit www.assetmark.com and follow @AssetMark on Twitter.
About Capital Group Since 1931, Capital Group has been singularly focused on delivering superior results for long-term investors using high-conviction portfolios, rigorous research and individual accountability. Today, Capital Group manages more than US$1.39 trillion in equity and fixed income assets for millions of individual and institutional investors around the world.*
The Capital Group companies manage equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management across the Capital organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.
*As of December 31, 2015
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fundprospectuses and summary prospectuses or the funds' characteristics statement, which can be obtained from a financial professional or your relationship manager, and should be read carefully before investing.
Securities offered through American Funds Distributors, Inc. Past results are not predictive of results in future periods.