San Francisco-based
In introducing the Income Plus Allocation. Growth and Income Allocation and Capital Growth Allocation funds, HighMark said it was "creating a total wealth management solution" to meet financial advisers needs." The funds will "combine an active management approach in a Dual Alpha methodology." In other words, the funds will utilize two sources of return to their advantage.
Increased efficiency in the reporting process will make life easier for financial advisers, the company said. The HighMark offerings are managed by HighMark Capital Management, a subsidiary of
Greg Knopf, HighMark Capital Managements managing director of mutual funds, said the new funds are the companys latest example of a commitment to wealth management, as well as financial advisers ability to simultaneously grow their own businesses and help their clients.
"By combining HighMark's extensive investment management expertise with some of the industry's top sub-advisors, we've created these unique best-of-breed' products, providing innovative options which seek to reduce risk while obtaining an attractive potential return for clients," Knopf said. HighMark Funds, which are distributed by
