Genworth Financial Wealth Management, Inc. (Concord)

Name: Genworth Financial Wealth Management, Inc.
Address: 1655 Grant Street, Concord, CA, 94520
Telephone: 800-664-5345

Genworth Financial Wealth Management, Inc. is a large advisory firm based in Concord. It manages $12.6 billion of regulatory assets for 105,587 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Genworth Financial Wealth Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Genworth Financial Wealth Management: assets under management

The assets under management (AUM) of Genworth Financial Wealth Management, Inc. is $12.6 billion. The firm's AUM has grown by 20% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $10.96 billion in discretionary accounts and $1.64 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $120.35 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $113.2 thousand.

Genworth Financial Wealth Management has custody of $10.47 billion in cash and securities for 52,301 clients in total and its related person acts as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Genworth Financial Wealth Management, Inc. for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Genworth Financial Wealth Management, Inc.

Richard Edward Steiny has been acting as President since 1 Feb 2004. Charles George Goldman joined the executive team most recently as the President, Chief Executive Officer And Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ronald Dennis Cordes	Co-chairman	1 Feb 2004	Other	1920507
Brian Robert Otoole	Chief executive officer	1 Feb 2004	Other	723134
Richard Edward Steiny	President	1 Feb 2004	Other	604094
Michael Joel Abelson	Senior vice president - business development	1 Oct 2006	Other	2343295
Regina Marie Fink	Vice president & senior counsel	1 Oct 2006	Other	2032996
Ronald Dennis Cordes	Co-chairman & director	1 Oct 2006	Other	1920507
Richard Edward Steiny	Co-chairman & director	1 Oct 2006	Other	604094
Gurinder Singh Ahluwalia	President, chief executive officer & director	1 Oct 2006	Other	4783310
Pamela S. Schutz	Director	1 Oct 2006	Other	4593790
Kelley L. Groh	Director	1 Oct 2006	Other	4769995
Enrique Martin Vasquez	Director	1 Oct 2006	Other	2385061
Ingrid R Ramsey	Chief financial officer	1 Feb 2007	Other	2117036
Daniel Patrick Otoole	Director of sales and consulting	1 Mar 2008	Other	1710600
Carrie Ellen Hansen	Chief operations officer	1 Apr 2008	Other	4781315
Gurinder Singh Ahluwalia	Co-chairman	1 Jun 2008	Other	4783310
Inc. Centurion Capital Group	Sole shareholder - direct owner	1 Jul 2008	75% - 100%	86-0898056
Inc. Assetmark Financial	Sole shareholder - direct owner	1 Jul 2008	75% - 100%	86-0898056
Jane Catherine Lock	Director, human resources	1 Aug 2008	Other	5656423
John Wicliffe Murray	Chief information officer	1 Nov 2008	Other	1747076
Jessica Rae Cataudella	Chief compliance officer	1 Jan 2009	Other	5635100
Mark Paul Schoenbeck	Chief marketing officer	1 Feb 2009	Other	2625829
Cameron Lee Miller	Chief financial officer	1 Mar 2009	Other	2763282
Brian Robert Otoole	Vice chairman	1 Jun 2009	Other	723134
Richard Edward Steiny	Vice chairman	1 Jun 2009	Other	604094
Gurinder Singh Ahluwalia	President and chief executive officer	1 Jun 2009	Other	4783310
Scott Richard Reeks	Chief financial officer	1 Sep 2010	Other	1296942
Ted Fyke Angus	General counsel	1 Nov 2010	Other	4156167
Gary G. Zyla	Chief financial officer	1 Dec 2010	Other	5906412
Kevin Eduard Walker	Director	1 Jan 2011	Other	5076224
Amy Renee Corbin	Director	1 Jan 2012	Other	5986205
Charles George Goldman	President, chief executive officer and director	1 Jan 2014	Other	4338747

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Genworth Financial	Sole shareholder	1 Jul 2008	75% - 100%	33-1073076
Inc. Assetmark Holdings	Sole shareholder - indirect owner	1 Oct 2012	75% - 100%	46-0939885
Inc. Genworth Holdings	Sole shareholder - indirect owner	1 Apr 2013	75% - 100%	33-1073076
L.P. Genstar Capital V	Shareholder - indirect owner	1 Aug 2013	25% - 50%	26-0504698
L.P. Genstar Capital Partners Vi	Shareholder - indirect owner	1 Aug 2013	25% - 50%	80-0690808
Aquiline Financial Services Fund Ii L.P.	Shareholder - indirect owner	1 Aug 2013	50% - 75%	35-2385724
Inc. Aqgen Liberty Management Ii	Sole shareholder - indirect owner	1 Aug 2013	75% - 100%	30-0774039
Aqgen Liberty Holdings Llc	Sole shareholder - indirect owner	1 Aug 2013	75% - 100%	46-2427926

Based in Concord

The principal office where Genworth Financial Wealth Management, Inc. performs its advisory services is located at 1655 Grant Street, Concord, CA 94520, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-664-5345 or by fax 866-513-1622. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at www.assetmark.com.