AssetMark Targets Retirement Income

AssetMark Investment Services, Inc. has announced a new investment product designed to address the income and long-term investing needs of retiring baby boomers.

AssetMark, a provider of investment and business development solutions for advisers, said the new solution, Distribution Strategies, will use strategic exchange-traded fund (ETF) asset allocation strategies for distribution life-stage investors. The new ETF strategies were also announced Tuesday by New Frontier Advisors, LLC (NFA), an institutional investment research and advisory firm specializing in the development and application of asset management technology.

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According to the joint announcement from both AssetMark and NFA, NFA’s optimized multiple fund distribution ETF strategy is based on the firm’s research in the theory of optimal investment over time and tests based on capital market history. The strategy’s objective is to provide efficient reduction of distribution life-stage risk while optimally maintaining long-term objectives, the announcement said.

Investors will be offered a choice of three risk profiles: balanced income, balanced, and balanced growth. NFA’s Resampled Efficient Frontier optimization process will provide portfolio rebalancing and monitoring technology to enhance investment performance.

More information can be found at www.newfrontieradvisors.com.

Oppenheimer Asset Management Introduces New UMA Product

Oppenheimer Asset Management has announced a new managed accounts product.

According to an Oppenheimer Asset Management announcement, Unified Managed Accounts (UMA) offers low investment minimums and a multi-faceted investment strategy. UMA combines several investment vehicles, such as separately managed portfolios and Exchange Traded Funds (ETFs), into one portfolio that is reviewed quarterly for rebalancing.

The product offers investment options from $50,000 to $500,000. The program also includes detailed reporting (one monthly statement, one quarterly performance report and one tax report), and strategic tax management, the announcement said.

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