WATKINSVILLE, Ga., June 25 /PRNewswire/ -- Stadion Money Management (formerly PMFM, Inc/401kToolbox), has been selected to join the Genworth Financial Wealth Management (GFWM) Investment Management Platform, one of the most comprehensive fee-based investment management platforms in the industry, serving more than 8000 financial advisors.
According to Gurinder S. Ahluwalia, President and CEO of GFWM, 'Trying to navigate the recent volatility by using asset allocation strategies developed during the powerful bull market of the 1980s and 90s has resulted in steep losses for many investors. Unfortunately, many portfolios lacked a more active, tactical component that may have helped reduce volatility over the last year or two.'
Since the inception of the firm in 1991, Stadion has used an unconstrained tactical asset allocation strategy. This strategy removes the limits on the extent and frequency of allocation shifts, allowing Stadion to move completely from equities to cash or from cash to equities in response to the risk level of the market. Employing this approach over the last 14 years has allowed Stadion to produce solid market-like returns with significant reductions in all risk measures.
Stadion's president, Jud Doherty stated, 'We are excited about partnering with GFWM. We believe Stadion's approach to asset allocation offers an outstanding complement to GFWM's investment platform and that we can play a key role in helping their advisors customize investment plans that meet their clients' financial needs.'
About Stadion Money Management
Since 1991, Stadion (formerly PMFM, Inc. and 401k Toolbox) has been managing investor assets for growth with an equally sharp focus on reducing portfolio volatility to protect upside gains. Stadion now employs this strategy in separate accounts, mutual funds and 401(k) managed accounts sold exclusively through financial advisors. As of June 2009 Stadion had $1.5 billion in assets under management. Learn more at www.stadionmoney.com.
About Genworth Financial Wealth Management, Inc.
Genworth Financial Wealth Management, a Genworth Financial Company, is an investment management and consulting firm dedicated to helping financial advisors build great businesses. Genworth Financial Wealth Management represents the merger of two Genworth subsidiaries, AssetMark Investment Services and Genworth Financial Asset Management, and provides one of the most comprehensive fee-based investment management platforms in the industry, in addition to client relationship management tools and practice management programs. For more information, visit www.genworthwealth.com.
About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 global financial security company. Genworth has more than $100 billion in assets and employs approximately 6,000 people with a presence in more than 25 countries. Its products and services help meet the investment, protection, retirement and lifestyle needs of more than 15 million customers. Genworth operates through three segments: Retirement and Protection, U.S. Mortgage Insurance and International. Its products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth Financial, 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.
SOURCE Stadion Money Management
