RICHMOND, Va., Sept. 20 /PRNewswire-FirstCall/ -- Genworth Financial
(NYSE: GNW) today announced that the company's broker/dealer unit has been re-
named Genworth Financial Securities Corp. and its investment adviser unit has
been re-named Genworth Financial Advisers Corp. Previously, these entities
conducted business under the "Terra" name.
"Transitioning to the 'Genworth' name brings clarity to our organizational
structure and gives us a consistent identity with our parent organization,
which is well known for its financial services offerings," said Enrique
Vasquez, CEO of Genworth Financial Investment Services.
Genworth Financial Investment Services has almost 2,000 independent
contractor registered representatives including independent tax and accounting
professionals and financial planners. The organization has more than $1.6
billion in assets under management in its fee-based money management programs
through its registered investment adviser, Genworth Financial Advisers.
Representatives serve tens of thousands of clients across the country,
offering a full range of financial services and a complete suite of products
including annuities, life and long-term care insurance, money management
programs and mutual funds.
"This is a very exciting time in the growth and development of our
business," said Dave Reedy, Founder and President of Genworth Financial
Securities and Genworth Financial Advisers. "Our firm has grown substantially
over the last few years, and we see increased demand for financial services
and products. This is particularly true when it comes to investment solutions
that meet retirement and long-term savings needs."
Genworth Financial Investment Services has been conducting business for
more than 20 years. It has expanded consistently over that time and, last
year, grew significantly with the acquisition of Hochman & Baker Securities,
Inc. With this acquisition, the firm became one of the largest accounting-
oriented broker/dealers. In addition, the Genworth Financial Advisers network
now numbers more than 900 professionals.
Genworth Financial (NYSE: GNW) is a leading insurance holding company,
serving the lifestyle protection, retirement income, investment and mortgage
needs of more than 15 million customers, with operations in 24 countries,
including the U.S., Canada, Australia, the U.K and more than a dozen other
European countries. For more information, visit http://www.genworth.com.
SOURCE Genworth Financial
CONTACT: Anna H. Gauthier, APR of Genworth, +1-804-289-3740 or