Genworth Financial Wealth Management announced Thursday that it has hired Resource America veteran Daniel Courtney to serve in the newly created role of president for Genworth Financial Asset Management.
Headquartered in Pleasant Hill, Calif., Genworth Financial Wealth Management is a subsidiary of Genworth Financial (GNW). Genworth Financial Asset Management is the wealth unit’s affiliate investment arm.
As a member of the Genworth Wealth Management Senior Leadership Team, Courtney (left) will manage and execute the business plan and growth strategy, including product development and target markets, for the investment arm’s $6 billion business. Genworth Financial Wealth Management has approximately $20 billion in assets on its platform and helps more than 6,000 advisors meet their clients’ wealth management and investment needs.
Courtney has more than 15 years of sales and marketing leadership experience in investment management and intermediary firms. For the past seven years, he held senior executive roles at specialized asset management firm Resource America, located in Philadelphia, where he drove sales of specialized products and oversaw product development.
He will report to Mike Abelson, Genworth Financial Wealth Management’s senior vice president of investments and product development.
“Dan is a great example of our focus on building the Genworth Financial Asset Management value proposition,” Abelson said in a statement. “In his role, he’ll have broad authority to enhance the ways financial advisors support their investors’ risk management needs by incorporating GFAM’s innovative investment solutions.”
Courtney will also lead efforts to support training and education of financial advisors about the benefits and characteristics of the investment solutions offered by GFAM on the Genworth Wealth Management platform.
Courtney will work closely with GFAM Chief Investment Officer Tim Knepp.
Read Genworth CEO Gurinder Ahluwalia’s thoughts about outsourcing at AdvisorOne.