Genworth Wealth Management Introduces New Turnkey Offering in GPS Select Solution

PLEASANT HILL, Calif., Jan. 31, 2013 /PRNewswire/ -- Genworth Financial Wealth Management (GFWM), a subsidiary of Genworth Financial (NYSE: GNW), today announced the introduction of GPS Select Solutions, a suite of sophisticated new 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 advisors on the Genworth Wealth Management platform powerful new ways to help their clients.

Advisors 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 $1.6 billion 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 advisors 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," said Gurinder S. Ahluwalia, President and Chief Executive Officer of Genworth Wealth Management. "Advisors 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."

"GPS Select Solutions reflect our deep understanding of the strategists on our platform and combine their thinking to serve specific investment objectives," said Michael Abelson, Senior Vice President of Investment and Product Management. "They deliver sophisticated strategies of multiple portfolio strategists with the convenience of a single account, accompanied by numerous benefits including an all-in-one fee; a single statement; visibility of underlying holdings and allocation changes; transparency into the investment process; and ongoing monitoring and rebalancing of assets. We're excited to offer this unprecedented capability."

GPS Select Solutions feature seven new portfolios that align with client goals:

For more details on this suite of investment strategies, visit www.genworthwealth.com/gps.

About Genworth Financial Wealth Management, Inc.
Genworth Financial Wealth Management, Inc. helps independent financial advisors build great businesses by providing comprehensive support across every phase of their operation. GFWM offers a sophisticated investment management platform, robust client relationship tools and support, and innovative practice management programs that combine leading-edge industry research with real-world expertise and experience. A wholly owned subsidiary of Genworth Financial, Inc. (NYSE: GNW), GFWM has approximately $20 billion in assets on its platform and helps more than 6,000 advisors meet their clients' wealth management and investment needs. For more information, visit www.genworthwealth.com.

About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 insurance holding company dedicated to helping people secure their financial lives, families and futures.  Genworth has leadership positions in offerings that assist consumers in protecting themselves, investing for the future and planning for retirement -- including life insurance, long term care insurance, financial protection coverages, and independent advisor-based wealth management -- and mortgage insurance that helps consumers achieve home ownership while assisting lenders in managing their risk and capital.

Genworth has approximately 6,300 employees and operates through three divisions: Insurance and Wealth Management, which includes U.S. Life Insurance, Wealth Management and International Protection segments; Global Mortgage Insurance, which includes U.S. and International Mortgage Insurance segments; and the Corporate and Runoff division. Its products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth Financial, Inc., which traces its roots back to 1871, became a public company in 2004 and is headquartered in Richmond, Virginia. For more information, visit genworth.com. From time to time, Genworth Financial, Inc. releases important information via postings on its corporate website. Accordingly, investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information is found under the "Investors" section of genworth.com

SOURCE Genworth Financial