It allows advisers to tap into Genworth’s four asset allocation approaches, plus alternative investments, in a single package. The minimum investment is $25,000.
Rather than just rely on stock and bond investing, GPS incorporates a variety of asset allocation approaches, including strategic, tactical unconstrained, tactical constrained and absolute return.
Advisers can match GPS to each client’s investment objective, risk tolerance and long-term market outlook.
“The idea is that the adviser can use a turnkey investment solution to deliver a fully diversified portfolio to a client regardless of size or situation,” said Mike Abelson, senior vice president of investment and product management at Genworth. “As always, advisers play the valued role of portfolio navigators, helping each client define goals and outlook, and determining the best course for moving toward their desired destination.”
