SANTA MONICA, Calif.--(BUSINESS WIRE)--Ocean Park Asset Management announced today that five of its strategies are now available on LPL Financial’s “Model Wealth Portfolios” (MWP) platform: Ocean Park Tactical Bond Strategy, Ocean Park Municipal Bond Strategy, Ocean Park Strategic Income Strategy, Ocean Park Conservative Allocation Strategy, and Ocean Park Moderate Allocation Strategy. The Ocean Park model portfolios are designed to follow the firm’s quantitative rules-based investment process with a focus on trend following, security selection and a trailing stop discipline.
“Putting our model portfolio solutions in the hands of LPL advisors is exciting, and we are prepared to engage and support the financial professionals who now have access to them,” said Colin Barber, Managing Director of Strategic Partnerships for Ocean Park Asset Management. “Our strategies aim to provide investors our rules-based investment process, from largely fixed income-based to largely equity-based solutions. All of our strategies that are now available on MWP have two objectives: to provide total return and to limit exposure to downside risk.”
“Ocean Park is committed to making sure its portfolios and strategies continue to evolve to meet the changing needs of advisors and their clients and is delighted to be added as a model portfolio provider on the MWP platform,” said Skip Schweiss, CEO of Ocean Park Asset Management. “AUM in model portfolios has grown to $424 billion since 2021, according to Morningstar. We believe more advisors are clearly embracing the efficiencies and business advantages that can come with competitive platforms like LPL’s MWP.”
In addition to offerings on the MWP platform, Ocean Park’s Tactical Bond Strategy, Conservative Allocation Strategy, and Strategic Income Strategy are offered on LPL’s Manager Select platform. For more information on Ocean Park’s solutions, visit the firm’s website at oceanparkam.com.
About Ocean Park Asset Management:
Ocean Park Asset Management, LLC. is an SEC registered investment advisor that serves as an investment adviser to an investment company registered under the Investment Company Act of 1940, where it provides investment management services to Mutual Funds and Exchange Traded Funds (ETFs), namely the Sierra Mutual Funds and the Ocean Park ETFs. Ocean Park and its affiliates manage or advise over $5.3 billion (*) of client assets, representative of regulatory AUM shown on Form ADV for Sierra Investment Management, Inc., Ocean Park Asset Management, Inc., and Ocean Park Asset Management, LLC. as of 12/31/23.
Ocean Park Asset Management, LLC and Ocean Park Asset Management, Inc. are affiliated SEC registered investment advisers located in the State of California. Registration does not imply a certain level of skill or training. For information pertaining to registration status, please call 844-727-1813 or refer to the Investment Adviser Public Disclosure website (www.adviserinfo.sec.gov). Learn more at oceanparkam.com.
RISKS and DISCLOSURES
Past performance does not guarantee future results and there is no assurance that any investment strategy will achieve its investment objective generate profits or avoid losses. Investors should carefully consider the investment objectives, risks, charges, and expenses of the Sierra Mutual Funds. This and other information about the funds are contained in the prospectuses and should be read carefully before investing. The prospectus can be obtained on our website sierramutualfunds.com or by calling toll free 1-800-729-1467. The Sierra Mutual Funds are distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Neither Sierra Investment Management, Inc., Ocean Park Asset Management, Inc. nor Ocean Park Asset Management LLC are affiliated with Northern Lights Distributors, LLC. As with all mutual funds, there is the risk that you could lose money through your investment in the Fund. Advisory services to the Sierra Mutual Funds and Ocean Park ETFs are offered through Ocean Park Asset Management LLC, a registered investment adviser (“RIA”) regulated by the U.S. Securities and Exchange Commission (“SEC”). The advisory services are only offered in jurisdictions where the RIA is appropriately registered.
The use of the term “registered” does not imply any particular level of skill or training and does not imply any approval by the SEC. All investments involve risk, including loss of principal. All strategies are subject to various risks, including general market and operational risks, risks associated with the active/tactical management of investments, and specific risks related to the securities and investments recommended by Ocean Park.
Underlying Funds may invest in foreign emerging market countries that may have relatively unstable governments, weaker economies, and less-developed legal systems, which do not protect investors. In general, the price of a fixed income security falls when interest rates rise. Any strategy that includes inverse securities could cause the Fund to suffer significant losses. Underlying Fund investments in lower quality bonds, known as high-yield or junk bonds, present greater risk than bonds of higher quality. Municipal securities are subject to the risk that legislature changes and economic developments may adversely affect the value of the Fund’s investments. REIT risks include declines from deteriorating economic conditions, changes in property value, and defaults by borrower. Underlying Funds that own small and mid-capitalization companies may be more vulnerable than larger, more established organizations to adverse business or economic developments. In some instances, it may be less expensive for an investor to invest in the Underlying Funds directly.
Trailing Stop Discipline
This proprietary Discipline has the objective of limiting the magnitude for portfolio drawdowns. The Discipline is based on a manual process that defines sell levels/signals for security holdings in decline, as measured by its price falling below the recent high of its lower band. These are not market orders. Ocean Park utilizes this Discipline directly in the management of non-affiliated holdings. Ocean Park invests in its affiliated Sierra Mutual Funds (“Funds”) and the Discipline is applied at the Underlying Funds level, not on the Funds themselves. Please see our Form ADV Part 2A for information on conflicts of interest that exist as a result of Ocean Park investing in affiliated Funds.
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