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Genworth Financial Wealth Management Moving Forward as an Independent Company



Genworth Financial Wealth Management Moving Forward as an Independent Company

PR Newswire

PLEASANT HILL, Calif., Sept. 3, 2013

PLEASANT HILL, Calif., Sept. 3, 2013 /PRNewswire/ -- Genworth Financial Wealth
Management today announced the completion of the sale of the business from
Genworth Financial, Inc. (NYSE: GNW) to a partnership of Aquiline Capital
Partners and Genstar Capital.

"This is an exciting milestone for us," said Gurinder S. Ahluwalia, president
and CEO, Genworth Financial Wealth Management. "As an independent company,
we'll have increased flexibility to deliver what advisors want most−innovative
investment solutions and services that position their practices for
accelerated growth.  In many ways, we are getting back to our roots and
looking forward to taking our business to the next level."

Mr. Ahluwalia added:  "Our new investment partners share our belief in the
importance of independent financial advice and our commitment to continually
investing in the business so that we can best serve our advisor clients."

Genworth Financial Wealth Management is currently developing numerous new
products and services that will support advisors and their management of
evolving client needs.  In the coming months, the firm plans to introduce new
investment solutions and improved processes that bring additional efficiencies
to managing client assets on the platform.

The company will continue to use the Genworth Financial Wealth Management name
until it announces a new name later this year.

About Genworth Financial Wealth Management, Inc.
Genworth Financial Wealth Management was sold by Genworth Financial, Inc. and
is now a privately held company. GFWM strategically supports independent
financial advisors who build great businesses by providing comprehensive
support across the advisors' entire practice. GFWM offers a sophisticated
investment management platform, robust client relationship tools and support,
and innovative practice management programs that combine leading-edge industry
research with real-world expertise and experience. The firm has approximately
$20 billion in assets on its platform and helps more than 6,000 advisors meet
their clients' wealth management and investment needs. For more information,
visit www.genworthwealth.com.

Contact Information for Media
Annette Bronkesh 
Bronkesh Associates
973-778-8648
annettec@att.net

SOURCE Genworth Financial Wealth Management, Inc.

Website: http://www.genworthwealth.com
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