Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:AssetMark Heads for Product Neutral Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, April 08, 2002

EXPANDING
AssetMark Heads for Product Neutral

by: Tony Pennino

AssetMark will be unrolling a new ETF program for its advisors, Brian O'Toole, senior vice president with the firm, told the MutualFundWire.com. The offering will be available on April 15 of this year. The asset allocation portfolios will be managed by Standard & Poor's and Breen Financial Corporation.

O'Toole reported that AssetMark already has a pre-existing relationship with S&P through its mutual fund business. S&P bases its portfolios on Modern Portfolio Theory. Breen's investment strategy is designed to exploit changing market conditions by tactically rotating through various sectors and styles.

"We are pursuing ETFs because of their cost structure and the investor can better manage tax liability than through mutual funds," the executive continued. "We feel it is an important product, and we have talked with a number of our advisors about implementing that approach."

The firm will be using its regional consultants to get the word out about the ETFs.

In other AssetMark news, the firm will also be holding seven of its practice management workshops across the nation between now and July 1. O'Toole describes these as two-and-a-half day boot camps to provide advisors with "in the trenches practice management".

"We are working toward a product neutral platform," he concluded, "We provide open architecture on our investment platform." The firm's next project will be in the hedge fund arena. 

See the list of all the 2002 Most Influential People



Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use