People Moves
Chief Investment, Executive Officer Appointed At AssetMark Subsidiary
Savos Investments, the risk management strategy subsidiary of AssetMark, has appointed a new chief executive and chief investment officer.
Savos Investments, the risk management strategy subsidiary of AssetMark, has appointed a new chief executive and chief investment officer.
Taking on the joint role is Jason Thomas, who will be based in AssetMark’s Encino, CA, office and will report to its chief investment officer Jerry Chafkin.
He will lead Savos Investments, which has $3.8 billion in assets under management and administration, in its provision of risk-managed strategies to AssetMark’s advisors and clients.
Thomas’ appointment comes as part of AssetMark’s current strategy to increase investment in its people offering and platform, the firm said in a statement.
He moves from Portfolio Design Labs, which infuses institutional risk management concepts into personal financial planning through web-based software. He has also spent time in the wealth management sphere; he was previously CIO and chairman of the investment committee at Aspiriant and vice president in the fund management division of Wilshire Associates. Additionally he had spells at Goldman Sachs and the Federal Reserve Bank of San Francisco.
Parent company AssetMark is an independent provider of investment and consulting solutions serving financial advisors.
