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Genworth Financial Wealth Management, Inc. (Concord)


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.

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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.


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