Genworth Financial has announced the launch of its new wealth management division, Genworth Financial Wealth Management, by integrating two of its companies, AssetMark Investment Services and Genworth Financial Asset Management.

Genworth Financial Wealth Management offers independent financial advisors the fee-based investment management platform, including 11 portfolio strategists and an array of investment management firms representing some of the innovative investment companies.

The company has said that the integration of AssetMark and Genworth Financial Asset Management creates an opportunity to bring together two companies with deep roots in the independent advisory business and a shared vision for the future.

Ron Cordes, co-chairman of Genworth Financial Wealth Management, said: We were able to examine what each company did well individually, blend the best of both platforms and create new tools and services to meet the evolving needs of independent financial advisors.