New Private Client Group enhances firm's
high-net-worth offerings with new premium products and services,
providing an elevated wealth management experience.
NEW YORK, May 13, 2024 /PRNewswire/ -- Park Avenue
Securities, a wholly owned subsidiary of The Guardian Life
Insurance Company of America® (Guardian) and the
company's broker-dealer and corporate Registered Investment
Advisor, has announced a new Private Client Group to support
high-net-worth clients in achieving their unique financial
goals.
According to Guardian's new Mind, Body, and Wallet®
report, reaching their financial goals is a significant source of
stress for individuals. The study, for example, found that more
than a third of high-net-worth individuals cited their financial
plan for achieving major financial goals as a top concern.
To alleviate concerns and support financial well-being, the
Private Client Group is available to high-net-worth clients at no
additional cost. As members, clients will have access to:
- Premium products and services, including personalized
investment management solutions, alternative investments,
structured products, securities-based line of credits, and cash
management offerings.
- Personalized services from partner firms, including trust,
jumbo mortgage, philanthropic, and business owner solutions.
- Preferred pricing and rates on goods and experiences, including
hotels, travel, and family activities.
"Over the years, our Mind, Body, and Wallet report has shown
that financial well-being plays an outsized role in influencing
overall well-being," said Marianne
Caswell, President of Park Avenue Securities. "The goal of
our Private Client Group is to support financial well-being by
offering an elevated wealth management experience that puts our
clients at the center, looking at their goals, family, and what
they want to achieve in life. Rooted in our unique strategy of
emphasizing both protection and growth, the Private Client Group is
a core part of our commitment to supporting client well-being."
"In working with high-net-worth clients, their unique
circumstances and financial goals require a tailored approach. The
establishment of Park Avenue Securities' Private Client Group
builds on the firm's legacy of offering the products and tools
individuals need to take charge of their financial future while
introducing an enhanced level of white glove service that meets the
needs of high-net-worth individuals," said John Lentz, Partner and Financial Advisor at
Strategic Wealth Group.
For more information, individuals should reach out to their
financial professional or visit Park Avenue Securities' Private
Client page.
For media inquiries, contact mediarelations@glic.com.
About Park Avenue Securities
Park Avenue Securities
was founded in 1999 as a complement to The Guardian Life Insurance
Company of America's (Guardian) traditional portfolio of individual
life and annuity insurance products. Park Avenue Securities is
Guardian's broker-dealer and corporate Registered Investment
Advisor (RIA), which offers clients an expanded suite of products
and solutions to help them achieve well-being.
Park Avenue Securities has 2,400 financial professionals across
the United States. The company has
$50B in Assets Under Management.
About Guardian
Guardian makes a difference in the
lives of people when they need us most. With over 160 years of
stability and fiscal integrity, we are a trusted resource to
generations of families and business owners, inspiring well-being
and helping build financial confidence. Today, we stand behind
millions of consumers, helping them prepare and plan for a bright
future for themselves and their families. We help business owners
care for their employees. And we help people recover and thrive in
times of unexpected loss. As a modern mutual insurance company, we
believe in driving value beyond dividends. We invest in our
colleagues, are building an inclusive and innovative culture, and
are helping to uplift communities through thoughtful corporate
impact programs. Guardian, which is based in New York City, is a leading provider of life,
disability, dental, and other benefits, and has received accolades
for its culture and service. Our colleagues and financial
professionals serve with care and experience, and our commitments
rest on a strong financial foundation, which included a 2024
dividend allocation of $1.398 billion
– the largest in the company's history. For more information, visit
guardianlife.com or follow us on Facebook, LinkedIn,
and YouTube.
Disclaimer
Guardian® is a registered
trademark of The Guardian Life Insurance Company of America.
Copyright © 2023 The Guardian Life Insurance Company of
America.
Dividends are not guaranteed. They are declared annually by
Guardian's Board of Directors. The total dividend calculation
includes mortality experience and expense management as well as
investment results.
Financial information concerning Guardian as of December 31, 2023,
on a statutory basis: Admitted assets = $80.3 billion; liabilities
= $71.2 billion (including $58.0 billion of reserves); and surplus
= $9.1 billion.
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SOURCE Park Avenue Securities