Genworth Financial Wealth Management hired State Street Global Advisors to subadvise a series of six tactical asset allocation portfolios composed of SSgA’s ETF offerings, confirmed Genworth spokesman Thomas Topinka.
The six portfolios are available to high-net-worth investors through Genworth Financial’s independent financial adviser distribution channel and span the risk spectrum, said Jim Ross, senior managing director in SSgA’s intermediate business group. The 100% ETF makeup will offer both flexibility and low costs, he said.
